Company registration number 06019808 (England and Wales)
DOVEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DOVEY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DOVEY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
66,353
72,171
Current assets
Stocks
59,493
82,029
Debtors
5
39,534
101,043
Cash at bank and in hand
43,339
78,314
142,366
261,386
Creditors: amounts falling due within one year
6
(37,337)
(94,994)
Net current assets
105,029
166,392
Total assets less current liabilities
171,382
238,563
Creditors: amounts falling due after more than one year
7
(2,452)
(7,522)
Provisions for liabilities
(5,674)
(13,712)
Net assets
163,256
217,329
Capital and reserves
Called up share capital
50
100
Capital redemption reserve
50
-
0
Profit and loss reserves
163,156
217,229
Total equity
163,256
217,329
DOVEY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 May 2025 and are signed on its behalf by:
Mr Lee Dovey
Director
Company registration number 06019808 (England and Wales)
DOVEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Dovey Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lynwood, Culverley Farm, Lyndhurst Road, Beaulieu, Hampshire, England, SO42 7YP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents sales of services and goods net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line
Computers
25% straight line
Motor vehicles
25% straight line

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.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DOVEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
6
DOVEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
4
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
31,880
2,146
121,585
155,611
Additions
2,869
-
0
27,500
30,369
Disposals
(6,469)
-
0
(16,500)
(22,969)
At 31 December 2024
28,280
2,146
132,585
163,011
Depreciation and impairment
At 1 January 2024
16,659
433
66,348
83,440
Depreciation charged in the year
6,945
366
21,089
28,400
Eliminated in respect of disposals
(4,869)
-
0
(10,313)
(15,182)
At 31 December 2024
18,735
799
77,124
96,658
Carrying amount
At 31 December 2024
9,545
1,347
55,461
66,353
At 31 December 2023
15,221
1,713
55,237
72,171
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
39,534
99,043
Other debtors
-
0
2,000
39,534
101,043
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,954
4,954
Trade creditors
10,688
53,439
Corporation tax
12,707
13,750
Other taxation and social security
5,305
17,926
Other creditors
3,683
4,925
37,337
94,994
DOVEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,452
7,522
2024-12-312024-01-01falsefalsefalse23 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr Richard Andrew DoveyMr Lee DoveyPaul O'hare060198082024-01-012024-12-31060198082024-12-31060198082023-12-3106019808core:PlantMachinery2024-12-3106019808core:ComputerEquipment2024-12-3106019808core:MotorVehicles2024-12-3106019808core:PlantMachinery2023-12-3106019808core:ComputerEquipment2023-12-3106019808core:MotorVehicles2023-12-3106019808core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3106019808core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3106019808core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3106019808core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3106019808core:CurrentFinancialInstruments2024-12-3106019808core:CurrentFinancialInstruments2023-12-3106019808core:ShareCapital2024-12-3106019808core:ShareCapital2023-12-3106019808core:CapitalRedemptionReserve2024-12-3106019808core:CapitalRedemptionReserve2023-12-3106019808core:RetainedEarningsAccumulatedLosses2024-12-3106019808core:RetainedEarningsAccumulatedLosses2023-12-3106019808bus:Director22024-01-012024-12-3106019808core:PlantMachinery2024-01-012024-12-3106019808core:ComputerEquipment2024-01-012024-12-3106019808core:MotorVehicles2024-01-012024-12-31060198082023-01-012023-12-3106019808core:PlantMachinery2023-12-3106019808core:ComputerEquipment2023-12-3106019808core:MotorVehicles2023-12-31060198082023-12-3106019808core:WithinOneYear2024-12-3106019808core:WithinOneYear2023-12-3106019808core:Non-currentFinancialInstruments2024-12-3106019808core:Non-currentFinancialInstruments2023-12-3106019808bus:PrivateLimitedCompanyLtd2024-01-012024-12-3106019808bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106019808bus:FRS1022024-01-012024-12-3106019808bus:AuditExemptWithAccountantsReport2024-01-012024-12-3106019808bus:Director12024-01-012024-12-3106019808bus:CompanySecretary12024-01-012024-12-3106019808bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP