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Company No: 06133060 (England and Wales)

DOUG DREWETT & SONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

DOUG DREWETT & SONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

DOUG DREWETT & SONS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
DOUG DREWETT & SONS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS A J Drewett
D A Drewett
M A Drewett
J P D Drewett
SECRETARY D A Drewett
REGISTERED OFFICE 22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
United Kingdom
COMPANY NUMBER 06133060 (England and Wales)
ACCOUNTANT S&W Partners (Thames Valley) Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
DOUG DREWETT & SONS LIMITED

BALANCE SHEET

As at 31 March 2025
DOUG DREWETT & SONS LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 9,489 23,149
9,489 23,149
Current assets
Stocks 2,500 2,500
Debtors 4 24,791 24,377
Cash at bank and in hand 351,131 305,400
378,422 332,277
Creditors: amounts falling due within one year 5 ( 93,031) ( 89,425)
Net current assets 285,391 242,852
Total assets less current liabilities 294,880 266,001
Provision for liabilities 0 ( 2,323)
Net assets 294,880 263,678
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 294,780 263,578
Total shareholders' funds 294,880 263,678

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Doug Drewett & Sons Limited (registered number: 06133060) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

J P D Drewett
Director
DOUG DREWETT & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
DOUG DREWETT & SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Doug Drewett & Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Doug Drewett & Sons Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Rendering of services
Revenue arises from the provision of vehicle maintenance and repair services.
Revenue is recognised at the point of provision of the services.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 163,446 163,446
At 31 March 2025 163,446 163,446
Accumulated depreciation
At 01 April 2024 140,297 140,297
Charge for the financial year 13,660 13,660
At 31 March 2025 153,957 153,957
Net book value
At 31 March 2025 9,489 9,489
At 31 March 2024 23,149 23,149

4. Debtors

2025 2024
£ £
Trade debtors 14,810 13,466
Deferred tax asset 849 0
Other debtors 9,132 10,911
24,791 24,377

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 28,129 32,613
Taxation and social security 56,491 48,422
Other creditors 8,411 8,390
93,031 89,425

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
96 Ordinary shares shares of £ 1.00 each 96 96
1 Ordinary 'A' shares share of £ 1.00 1 1
1 Ordinary 'B' shares share of £ 1.00 1 1
1 Ordinary 'C' shares share of £ 1.00 1 1
1 Ordinary 'D' shares share of £ 1.00 1 1
100 100