IRIS Accounts Production v25.2.0.378 13738345 Board of Directors 1.5.24 30.4.25 30.4.25 Medium entities supplying and servicing plant and construction machinery. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137383452024-04-30137383452025-04-30137383452024-05-012025-04-30137383452023-04-30137383452023-05-012024-04-30137383452024-04-3013738345ns15:EnglandWales2024-05-012025-04-3013738345ns14:PoundSterling2024-05-012025-04-3013738345ns10:Director12024-05-012025-04-3013738345ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3013738345ns10:MediumEntities2024-05-012025-04-3013738345ns10:Audited2024-05-012025-04-3013738345ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-05-012025-04-3013738345ns10:Medium-sizedCompaniesRegimeForAccounts2024-05-012025-04-3013738345ns10:FullAccounts2024-05-012025-04-3013738345ns10:OrdinaryShareClass12024-05-012025-04-3013738345ns10:Director22024-05-012025-04-3013738345ns10:CompanySecretary12024-05-012025-04-3013738345ns10:RegisteredOffice2024-05-012025-04-3013738345ns5:RetainedEarningsAccumulatedLosses2024-04-3013738345ns5:RetainedEarningsAccumulatedLosses2023-04-3013738345ns5:RetainedEarningsAccumulatedLosses2024-05-012025-04-3013738345ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-3013738345ns5:RetainedEarningsAccumulatedLosses2025-04-3013738345ns5:RetainedEarningsAccumulatedLosses2024-04-3013738345ns5:CurrentFinancialInstruments2025-04-3013738345ns5:CurrentFinancialInstruments2024-04-3013738345ns5:ShareCapital2025-04-3013738345ns5:ShareCapital2024-04-301373834512024-05-012025-04-301373834512023-05-012024-04-3013738345ns5:LandBuildingsns5:ShortLeaseholdAssets2024-05-012025-04-3013738345ns5:PlantMachinery2024-05-012025-04-3013738345ns5:FurnitureFittings2024-05-012025-04-3013738345ns5:MotorVehicles2024-05-012025-04-3013738345ns5:ComputerEquipment2024-05-012025-04-3013738345ns5:ReportableOperatingSegment12024-05-012025-04-3013738345ns5:ReportableOperatingSegment12023-05-012024-04-3013738345ns5:ReportableOperatingSegment22024-05-012025-04-3013738345ns5:ReportableOperatingSegment22023-05-012024-04-3013738345ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2024-05-012025-04-3013738345ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-05-012024-04-3013738345ns15:UnitedKingdom2024-05-012025-04-3013738345ns15:UnitedKingdom2023-05-012024-04-3013738345ns15:Europe2024-05-012025-04-3013738345ns15:Europe2023-05-012024-04-3013738345ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2024-05-012025-04-3013738345ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount2023-05-012024-04-3013738345ns5:OwnedAssets2024-05-012025-04-3013738345ns5:OwnedAssets2023-05-012024-04-3013738345ns10:OrdinaryShareClass12023-05-012024-04-3013738345ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3013738345ns5:PlantMachinery2024-04-3013738345ns5:FurnitureFittings2024-04-3013738345ns5:LandBuildingsns5:ShortLeaseholdAssets2025-04-3013738345ns5:PlantMachinery2025-04-3013738345ns5:FurnitureFittings2025-04-3013738345ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3013738345ns5:PlantMachinery2024-04-3013738345ns5:FurnitureFittings2024-04-3013738345ns5:MotorVehicles2024-04-3013738345ns5:ComputerEquipment2024-04-3013738345ns5:MotorVehicles2025-04-3013738345ns5:ComputerEquipment2025-04-3013738345ns5:MotorVehicles2024-04-3013738345ns5:ComputerEquipment2024-04-3013738345ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3013738345ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013738345ns5:DeferredTaxation2024-04-3013738345ns5:DeferredTaxation2024-05-012025-04-3013738345ns5:DeferredTaxation2025-04-3013738345ns10:OrdinaryShareClass12025-04-30
REGISTERED NUMBER: 13738345 (England and Wales)












P V DOBSON LIMITED

STRATEGIC REPORT, DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025






P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Strategic Report 2

Directors' Report 4

Independent Auditors' Report 6

Statement of Income and Retained Earnings 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


P V DOBSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







Directors: Mr A J Dobson
Mrs A Dobson



Secretary: Mr A J Dobson



Registered office: Ivy House Works
Levens
KENDAL
LA8 8PG



Registered number: 13738345 (England and Wales)



Auditors: Xeinadin Audit Limited
Accountants and Statutory Auditors
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025


The directors present their strategic report for the year ended 30 April 2025.

Review of business
The financial statements show that the company's turnover is £53,076,410 for the period and gross profit is £3,143,115. The gross profit margin for the period is 5.92% compared to 5.8%.

Turnover for the full year is better than the expected figure of £50m. Demand across both plant and agricultural machinery markets has been reduced compared to recent years.

Pricing from Manufacturers has stabilized. We still see a very competitive market place as all dealers cut margins to further reduce stock. We have reduced our unprecedented levels of stock but this is still an area of concern. High interest rates and increased stocking charges continue to impact overall profit levels.

The company's key financial and other performance indicators during the year were as follows:-


Unit 2025 2024
Turnover £ 53,076,410 53,611,152
Operating profit £ (1,218,452 ) 1,192,851
Profit before tax £ 1,074,278 966,575


Future Developments

We now have stock to conquest new customers, particularly relating to Kubota excavators in contrast to recent times when we have been unable to satisfy demand from new customers. Stock management and controlling the flow of stock is still a major issue.

We continue to develop our construction plant offering, having recently being appointed as dealer for the BOMAG franchise.

Staffing

We have an excellent team and acknowledge that we need, good well motivated staff to be able to continue to develop the business and provide the necessary level of service.


P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025

Principal risks and uncertainties
The company is facing a number of significant challenges in 2025/26 that continue to make expected results for the next 12 months less than satisfactory

- The ongoing economic uncertainties in the UK and the effects of the war in Ukraine.
- Continued uncertainty in the agricultural sector.
- Increased wage costs due to NI increases and the known-on effect of minimum wage rises.
- Unpredictable/lower demand due to interest rate pressures and drop in demand for housing. We hope to see a modest decreases in interest rates.
- Stocking charges due to interest rate increases, we have been successful in reducing our stock but need to continue to do so.

The company continues to invest in the business in order to safeguard it's future and leave it well placed to take advantage of new business opportunities in the future.

The directors are continually monitoring the risks faced by the company and do everything that they can to minimise their potential impact on the company.

The company has no borrowings and a strong cash position and therefore the directors have determined there is no material uncertainty that casts significant doubt upon the company's ability to trade as a going concern.




On behalf of the board:





Mr A J Dobson - Director


19 July 2025

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025


The directors present their report with the financial statements of the company for the year ended 30 April 2025.

Dividends
The total distribution of dividends paid in the period ended 30 April 2024 was £525,000.

The directors recommend that no final dividend be paid on any class of shares.

Future developments
Incorporated within Principal Risks and Uncertainties in the Strategic Report.

Directors
The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

Mr A J Dobson
Mrs A Dobson

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025


Auditors
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:




Mr A J Dobson - Director


19 July 2025

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
P V DOBSON LIMITED


Opinion
We have audited the financial statements of P V Dobson Limited (the 'company') for the year ended 30 April 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
P V DOBSON LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

· enquiries are made of management and those charged with governance as to whether there is any knowledge of actual, suspected, or alleged fraud, whether there is any known non-compliance with laws or regulations, and whether the company has been subject to any litigation or any legal claims.
· audit work over the risk of management override of controls is undertaken. This includes testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
· analytical reviews are performed on the financial statements at all stages of the audit by comparison to prior years, budgets and expectations to ensure the reasonableness of the figures therein.
· third party confirmation is obtained from the company's bankers to confirm bank balances, loan facilities and security held.
· detailed audit testing is undertaken in specific areas to ensure that income and expenditure is correctly recorded and is a genuine income or expense of the company.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
P V DOBSON LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Tim Preece FCCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Accountants and Statutory Auditors
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

7 August 2025

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2025

2025 2024
Notes £    £   

Turnover 3 53,076,410 53,611,152

Cost of sales 49,933,295 50,497,670
Gross profit 3,143,115 3,113,482

Administrative expenses 1,932,744 1,921,062
1,210,371 1,192,420

Other operating income 4 8,081 431
Operating profit 6 1,218,452 1,192,851

Interest receivable and similar income 8 45,979 23,237
1,264,431 1,216,088

Interest payable and similar expenses 9 190,153 249,513
Profit before taxation 1,074,278 966,575

Tax on profit 10 271,787 245,804
Profit for the financial year 802,491 720,771

Retained earnings at beginning of year 3,454,832 3,259,061

Dividends 11 (240,000 ) (525,000 )

Retained earnings at end of year 4,017,323 3,454,832

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 12 633,750 474,714

Current assets
Stocks 13 11,705,349 14,931,482
Debtors 14 2,798,692 3,389,741
Cash at bank 220,222 835,165
14,724,263 19,156,388
Creditors
Amounts falling due within one year 15 8,211,166 13,083,307
Net current assets 6,513,097 6,073,081
Total assets less current liabilities 7,146,847 6,547,795

Provisions for liabilities 16 129,524 92,963
Net assets 7,017,323 6,454,832

Capital and reserves
Called up share capital 17 3,000,000 3,000,000
Retained earnings 18 4,017,323 3,454,832
Shareholders' funds 7,017,323 6,454,832

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2025 and were signed on its behalf by:





Mr A J Dobson - Director


P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 531,273 1,391,558
Interest paid (190,153 ) (249,513 )
Tax paid (125,000 ) (1,197,122 )
Net cash from operating activities 216,120 (55,077 )

Cash flows from investing activities
Purchase of tangible fixed assets (377,342 ) (185,238 )
Sale of tangible fixed assets 12,500 25,250
Interest received 45,979 23,237
Net cash from investing activities (318,863 ) (136,751 )

Cash flows from financing activities
Inter group borrowings (272,200 ) 397,353
Equity dividends paid (240,000 ) (525,000 )
Net cash from financing activities (512,200 ) (127,647 )

Decrease in cash and cash equivalents (614,943 ) (319,475 )
Cash and cash equivalents at beginning of
year

2

835,165

1,154,640

Cash and cash equivalents at end of year 2 220,222 835,165

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025


1. Reconciliation of profit before taxation to cash generated from operations

2025 2024
£    £   
Profit before taxation 1,074,278 966,575
Depreciation charges 217,806 181,133
Profit on disposal of fixed assets (12,000 ) (15,381 )
Finance costs 190,153 249,513
Finance income (45,979 ) (23,237 )
1,424,258 1,358,603
Decrease/(increase) in stocks 3,226,133 (2,276,420 )
Decrease in trade and other debtors 591,049 173,692
(Decrease)/increase in trade and other creditors (4,710,167 ) 2,135,683
Cash generated from operations 531,273 1,391,558

2. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2025
30/4/25 1/5/24
£    £   
Cash and cash equivalents 220,222 835,165
Year ended 30 April 2024
30/4/24 1/5/23
£    £   
Cash and cash equivalents 835,165 1,154,640


3. Analysis of changes in net funds

At 1/5/24 Cash flow At 30/4/25
£    £    £   
Net cash
Cash at bank 835,165 (614,943 ) 220,222
835,165 (614,943 ) 220,222
Total 835,165 (614,943 ) 220,222

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. Statutory information

P V Dobson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
When preparing the financial statements, the directors are required to make judgements, estimates and
assumptions about the carrying value of assets, liabilities, income and expenses.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 Company does not have any key assumptions concerning the future, or other key sources of estimation uncertainty in the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

No judgements have been made in applying the Company's accounting policies in the preparation of the financial statements, other than those involving estimation.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Plant and machinery - Straight line over 7 years
Fixtures and fittings - Straight line over 15 years
Motor vehicles - 25% Reducing balance and Straight line between 4 and 17 years
Computer equipment - Straight line over 4 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Turnover

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2025 2024
£    £   
Sale of goods 46,525,776 47,400,668
Sale of services 6,550,634 6,210,484
53,076,410 53,611,152

An analysis of turnover by geographical market is given below:

2025 2024
£    £   
United Kingdom 52,609,189 53,423,659
Europe 290,202 126,435
Rest of World 177,019 61,058
53,076,410 53,611,152

4. Other operating income
2025 2024
£    £   
Rents receivable 49 299
Other income 8,032 132
8,081 431

5. Employees and directors
2025 2024
£    £   
Wages and salaries 2,936,484 2,663,383
Social security costs 305,393 278,426
Other pension costs 279,364 285,282
3,521,241 3,227,091

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


5. Employees and directors - continued

The average number of employees during the year was as follows:
2025 2024

Directors and management 6 6
Administration and support 5 5
Sales, servicing and stores 66 63
77 74

2025 2024
£    £   
Directors' remuneration 59,499 55,800
Directors' pension contributions to money purchase schemes 120,000 142,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

6. Operating profit

The operating profit is stated after charging/(crediting):

2025 2024
£    £   
Other operating leases 264,778 233,899
Depreciation - owned assets 217,806 181,133
Profit on disposal of fixed assets (12,000 ) (15,381 )

7. Auditors' remuneration
2025 2024
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

6,150

6,450
Auditors' remuneration for non audit work 15,461 16,075

8. Interest receivable and similar income
2025 2024
£    £   
Bank interest receivable 45,979 22,847
Other interest receivable - 390
45,979 23,237

9. Interest payable and similar expenses
2025 2024
£    £   
Stocking loan interest 190,153 249,513

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


10. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 235,226 242,101

Deferred tax 36,561 3,703
Tax on profit 271,787 245,804

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 1,074,278 966,575
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

268,570

241,644

Effects of:
Expenses not deductible for tax purposes 3,217 11,506
Adjustments to tax charge in respect of previous periods - (7,346 )

tax used for deferred tax and
transferred to company from
Total tax charge 271,787 245,804

11. Dividends
2025 2024
£    £   
Ordinary shares shares of 1 each
Interim 240,000 525,000

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


12. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 May 2024 30,368 242,592 29,037
Additions 34,278 87,513 1,713
Disposals - - -
At 30 April 2025 64,646 330,105 30,750
Depreciation
At 1 May 2024 4,897 86,057 4,064
Charge for year 6,466 49,687 2,315
Eliminated on disposal - - -
At 30 April 2025 11,363 135,744 6,379
Net book value
At 30 April 2025 53,283 194,361 24,371
At 30 April 2024 25,471 156,535 24,973

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2024 474,033 61,787 837,817
Additions 248,554 5,284 377,342
Disposals (1,697 ) (3,469 ) (5,166 )
At 30 April 2025 720,890 63,602 1,209,993
Depreciation
At 1 May 2024 229,228 38,857 363,103
Charge for year 141,229 18,109 217,806
Eliminated on disposal (1,197 ) (3,469 ) (4,666 )
At 30 April 2025 369,260 53,497 576,243
Net book value
At 30 April 2025 351,630 10,105 633,750
At 30 April 2024 244,805 22,930 474,714

13. Stocks
2025 2024
£    £   
Stocks 11,705,349 14,931,482

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


14. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 2,655,937 3,209,296
Other debtors 67,473 123,814
Prepayments 75,282 56,631
2,798,692 3,389,741

15. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 5,796,990 7,747,497
Amounts owed to group undertakings 82,945 355,145
Tax 110,226 -
Social security and other taxes 98,869 104,512
VAT 147,547 495,287
Other creditors 27,381 400
Accruals 1,947,208 4,380,466
8,211,166 13,083,307

16. Provisions for liabilities
2025 2024
£    £   
Deferred tax 129,524 92,963

Deferred
tax
£   
Balance at 1 May 2024 92,963
Provided during year 36,561
Balance at 30 April 2025 129,524

17. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
3,000,000 Ordinary shares 1 3,000,000 3,000,000

Each share entitles the holder to vote, to dividends and to capital distribution arising from the winding up of the company.

P V DOBSON LIMITED (REGISTERED NUMBER: 13738345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


18. Reserves
Retained
earnings
£   

At 1 May 2024 3,454,832
Profit for the year 802,491
Dividends (240,000 )
At 30 April 2025 4,017,323

19. Pension commitments

The company operates a defined contribution pension scheme to all qualifying employees. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £279,622 (2024 - £285,282). Contributions totalling £11,114 (2024 - £nil) were payable to the scheme at the end of the year and are included in other creditors.

20. Ultimate parent company

Blue Labrador Limited is regarded by the directors as being the company's ultimate parent company.

The registered office of Blue Labrador Limited is Ivy House Works, Levens, Kendal, Cumbria, LA8 8PG.

The parent produces publicly available financial statements, these are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

21. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.