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REGISTERED NUMBER: 01522007 (England and Wales)















FRANK DUDLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






FRANK DUDLEY LIMITED (REGISTERED NUMBER: 01522007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


FRANK DUDLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G Dudley-Toole
E Dudley-Toole
G Foxall





SECRETARY:





REGISTERED OFFICE: Queens Road
Aston
Birmingham
West Midlands
B6 7NH





REGISTERED NUMBER: 01522007 (England and Wales)





ACCOUNTANTS: Four Oaks Taxation & Accounting Services Limited
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

FRANK DUDLEY LIMITED (REGISTERED NUMBER: 01522007)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,672,780 1,797,839
1,672,780 1,797,839

CURRENT ASSETS
Stocks 948,228 557,241
Debtors 6 2,627,726 2,764,709
Cash at bank and in hand 23,289 775
3,599,243 3,322,725
CREDITORS
Amounts falling due within one year 7 3,183,658 2,996,003
NET CURRENT ASSETS 415,585 326,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,088,365

2,124,561

CREDITORS
Amounts falling due after more than one year 8 371,803 523,994
NET ASSETS 1,716,562 1,600,567

CAPITAL AND RESERVES
Called up share capital 1,200,150 1,200,150
Retained earnings 516,412 400,417
1,716,562 1,600,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:



E Dudley-Toole - Director


FRANK DUDLEY LIMITED (REGISTERED NUMBER: 01522007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Frank Dudley 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 15% reducing balance
Fixtures, fittings & equipment 15% reducing balance
Computer equipment 25% reducing balance
Motor vehicles 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

FRANK DUDLEY LIMITED (REGISTERED NUMBER: 01522007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2023 - 76 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 50,000
AMORTISATION
At 1 January 2024
and 31 December 2024 50,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 4,291,946
Additions 88,331
Disposals (3,035 )
At 31 December 2024 4,377,242
DEPRECIATION
At 1 January 2024 2,494,108
Charge for year 213,072
Eliminated on disposal (2,718 )
At 31 December 2024 2,704,462
NET BOOK VALUE
At 31 December 2024 1,672,780
At 31 December 2023 1,797,838

FRANK DUDLEY LIMITED (REGISTERED NUMBER: 01522007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,817,467 2,216,468
Amounts owed by group undertakings 378,706 378,506
Other debtors 431,553 169,735
2,627,726 2,764,709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 93,962 106,462
Trade creditors 1,438,479 1,637,374
Taxation and social security 196,830 227,264
Other creditors 1,454,387 1,024,903
3,183,658 2,996,003

Bank loans and overdrafts are secured by way of fixed and floating charges over the assets of the company.

Within other creditors is an invoice discount facility of £946,067.09 (2023 - £912,403.40) which is secured by way of a fixed and floating charge over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 313,859 420,561
Other creditors 57,944 103,433
371,803 523,994

The preference shares are redeemable, at the discretion of the directors, with one month's notice to the shareholders- The premium payable on redemption is dependent on the profits and shareholding at the end of the period in which the redemption occurs.

The preference shares have a right to receive, in respect of each accounting period, a non-cumulative preferential net cash dividend equal to 50% of the net profit, as defined in article 4.4 of the Articles of Association, up to an aggregated capped sum of £100,000