Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3122400024000falsetruetruefalse2152024-04-01207false 00431430 2024-04-01 2025-03-31 00431430 2023-04-01 2024-03-31 00431430 2025-03-31 00431430 2024-03-31 00431430 2023-04-01 00431430 1 2024-04-01 2025-03-31 00431430 1 2023-04-01 2024-03-31 00431430 5 2024-04-01 2025-03-31 00431430 5 2023-04-01 2024-03-31 00431430 6 2024-04-01 2025-03-31 00431430 6 2023-04-01 2024-03-31 00431430 1 2024-04-01 2025-03-31 00431430 e:CompanySecretary1 2024-04-01 2025-03-31 00431430 e:Director1 2024-04-01 2025-03-31 00431430 e:Director2 2024-04-01 2025-03-31 00431430 e:Director2 2025-03-31 00431430 e:Director3 2024-04-01 2025-03-31 00431430 e:Director4 2024-04-01 2025-03-31 00431430 e:Director5 2024-04-01 2025-03-31 00431430 e:RegisteredOffice 2024-04-01 2025-03-31 00431430 e:Agent1 2024-04-01 2025-03-31 00431430 d:Buildings 2024-04-01 2025-03-31 00431430 d:Buildings 2025-03-31 00431430 d:Buildings 2024-03-31 00431430 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00431430 d:Buildings d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00431430 d:PlantMachinery 2024-04-01 2025-03-31 00431430 d:PlantMachinery 2025-03-31 00431430 d:PlantMachinery 2024-03-31 00431430 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00431430 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00431430 d:MotorVehicles 2024-04-01 2025-03-31 00431430 d:MotorVehicles 2025-03-31 00431430 d:MotorVehicles 2024-03-31 00431430 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00431430 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00431430 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00431430 d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 00431430 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 00431430 d:FreeholdInvestmentProperty 2025-03-31 00431430 d:FreeholdInvestmentProperty 2024-03-31 00431430 d:FreeholdInvestmentProperty 2 2024-04-01 2025-03-31 00431430 d:FreeholdInvestmentProperty 3 2024-04-01 2025-03-31 00431430 d:CurrentFinancialInstruments 2025-03-31 00431430 d:CurrentFinancialInstruments 2024-03-31 00431430 d:Non-currentFinancialInstruments 2025-03-31 00431430 d:Non-currentFinancialInstruments 2024-03-31 00431430 d:Non-currentFinancialInstruments 1 2025-03-31 00431430 d:Non-currentFinancialInstruments 1 2024-03-31 00431430 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 00431430 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00431430 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 00431430 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00431430 d:UKTax 2024-04-01 2025-03-31 00431430 d:UKTax 2023-04-01 2024-03-31 00431430 d:ShareCapital 2025-03-31 00431430 d:ShareCapital 2024-03-31 00431430 d:ShareCapital 2023-04-01 00431430 d:CapitalRedemptionReserve 2024-04-01 2025-03-31 00431430 d:CapitalRedemptionReserve 2025-03-31 00431430 d:CapitalRedemptionReserve 2024-03-31 00431430 d:CapitalRedemptionReserve 2023-04-01 00431430 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00431430 d:RetainedEarningsAccumulatedLosses 2025-03-31 00431430 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00431430 d:RetainedEarningsAccumulatedLosses 2024-03-31 00431430 d:RetainedEarningsAccumulatedLosses 2023-04-01 00431430 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 00431430 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00431430 d:RetirementBenefitObligationsDeferredTax 2025-03-31 00431430 d:RetirementBenefitObligationsDeferredTax 2024-03-31 00431430 d:OtherDeferredTax 2025-03-31 00431430 d:OtherDeferredTax 2024-03-31 00431430 e:OrdinaryShareClass1 2024-04-01 2025-03-31 00431430 e:OrdinaryShareClass1 2025-03-31 00431430 e:OrdinaryShareClass1 2024-03-31 00431430 e:PreferenceShareClass1 2024-04-01 2025-03-31 00431430 e:PreferenceShareClass1 2025-03-31 00431430 e:PreferenceShareClass1 2024-03-31 00431430 e:FRS102 2024-04-01 2025-03-31 00431430 e:Audited 2024-04-01 2025-03-31 00431430 e:FullAccounts 2024-04-01 2025-03-31 00431430 e:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00431430 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-01 2025-03-31 00431430 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 00431430 d:WithinOneYear 2025-03-31 00431430 d:WithinOneYear 2024-03-31 00431430 d:BetweenOneFiveYears 2025-03-31 00431430 d:BetweenOneFiveYears 2024-03-31 00431430 d:MoreThanFiveYears 2025-03-31 00431430 d:MoreThanFiveYears 2024-03-31 00431430 d:HirePurchaseContracts d:WithinOneYear 2025-03-31 00431430 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 00431430 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-03-31 00431430 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 00431430 2 2024-04-01 2025-03-31 00431430 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-03-31 00431430 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 00431430 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00431430









DORRINGTONS LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
DORRINGTONS LIMITED
 
 
COMPANY INFORMATION


DIRECTORS
C M Sharples 
W E Dorrington 
S C D Gilbert 
L F Batchelor 




COMPANY SECRETARY
C M Sharples



REGISTERED NUMBER
00431430



REGISTERED OFFICE
The Bakery
Station Road

Sawbridgeworth

Herts

CM21 9JY




INDEPENDENT AUDITOR
Peters Elworthy & Moore
Chartered Accountants & Statutory Auditor

Salisbury House

Station Road

Cambridge

CB1 2LA




BANKERS
Barclays Bank plc

Harlow

CM17 0AS





 
DORRINGTONS LIMITED
 

CONTENTS



Page
Strategic Report
 
1
Directors' Report
 
2 - 3
Independent Auditor's Report
 
4 - 7
Profit and Loss Account
 
8
Balance Sheet
 
9
Statement of Changes in Equity
 
10
Statement of Cash Flows
 
11
Notes to the Financial Statements
 
12 - 25


 
DORRINGTONS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025

REVIEW OF THE BUSINESS
 
Dorringtons Limited is a family run bakery business that was established in 1919. The bakery and head office remain at the original site in Sawbridgeworth, Herts.  The business has increased to 16 retail shops, from Harlow to Cambridge, seven mobile snack vans and ever-increasing online sales with direct deliveries.

PRINCIPAL RISKS AND UNCERTAINTIES
 
The process of risk management is addressed through a framework of policies, procedures and internal controls, which are reviewed regularly by the directors and management of the company.
The main risks and uncertainties are as follows:
 
Recruitment of staff;
Continued increase in raw material prices;
Increase in staff costs, notably an increase to Employers National Insurance;
Compliance with Health and Safety legislation and Food Hygiene legislation;
Compliance with Employment Law legislation; and
Increased competition.

RESULTS AND PERFORMANCE
 
The performance of the Company during the year has continued in a positive way and we have been able to build on the increase we saw last year. The new shop has performed extremely well.
Like-for-like turnover increased 9.1% from the year ending March 2024 following on from a 14.9% increase from the year ending March 2023.
The Company continues to show a strong balance sheet and have invested £380,000 in new machinery, vehicles and shop fittings.

KEY PERFORMANCE INDICATORS
 
The directors and management monitor the progress of the company by reference to the following KPI’s:
 
Increase in turnover 9.1% (2024 - 14.9%).
Footfall increase of 3.2% on previous year (like-for-like 12.5%).
Increase in raw materials of 12% on previous year.
Increase in wages on previous year of 5.4%.

FUTURE DEVELOPMENTS
 
We will continue to develop our national online sales and snack vans.

This report was approved by the board and signed on its behalf by:




C M Sharples
Director

Date: 11 August 2025

Page 1

 
DORRINGTONS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company is that of bakers, confectioners and caterers.

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £230,983 (2024 - £319,644).

During the year the Company paid an interim dividend amounting to £200,000 (2024 - £NIL). The Directors do not recommend the payment of a final dividend (2024 - £NIL).

DIRECTORS

The directors who served during the year were:

C M Sharples 
A Sharples (resigned 15 October 2024)
W E Dorrington 
S C D Gilbert 
L F Batchelor 

DIRECTORS' RESPONSIBILITIES STATEMENT

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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Company's financial statements 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 to enable them to ensure that the financial statements comply with the Companies Act 2006They 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.

MATTERS COVERED IN THE STRATEGIC REPORT

Future developments have been covered in the Strategic Report on page 1.

Page 2

 
DORRINGTONS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025

DISCLOSURE OF INFORMATION TO AUDITOR

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

POST BALANCE SHEET EVENTS

On 30 May 2025, the Company acquired commercial premises for consideration of £825,000, before legal and professional fees. Further details of this non-adjusting post balance sheet event can be found in note 28.

AUDITOR

The auditor, Peters Elworthy & Moorewill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf by:
 





C M Sharples
Director

Date: 11 August 2025

Page 3

 
DORRINGTONS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DORRINGTONS LIMITED
 

OPINION


We have audited the financial statements of Dorringtons Limited (the 'Company') for the year ended 31 March 2025, which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe 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 31 March 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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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.


Page 4

 
DORRINGTONS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DORRINGTONS LIMITED (CONTINUED)


OTHER INFORMATION


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the Annual ReportOur 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. 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 course of 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.


OPINION 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.


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 in relation to which 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 Directors' Responsibilities Statement set out on page 2, 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 is 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.


Page 5

 
DORRINGTONS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DORRINGTONS LIMITED (CONTINUED)


AUDITOR'S 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 Auditor's 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.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
 
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulations applicable to the Company through discussions with the Directors and other management, and from our commercial knowledge and experience of the industry;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including Financial Reporting Standard 102, the Companies Act 2006 and taxation legislation;
in addition, we considered provisions of other laws and regulations which do not have a direct effect on the financial statements but compliance with which might be fundamental to the Company's ability to operate or to avoid material penalties; and
we obtained an understanding of the entity’s policies and procedures on compliance with laws and regulations, including documentation of any instances of non-compliance.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
 
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we;
 
performed analytical procedures to identify any unusual or unexpected relationships;
tested journal entries to identify unusual transactions;
assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias;
designed procedures to identify unexpected and unusual journal entries and performed testing to confirm the validity of such postings;
used Audit Data Analytics to review the client data for unusual trends and anomalies; and
performed audit work over the risk of management override of controls, including 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.

 
Page 6

 
DORRINGTONS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DORRINGTONS LIMITED (CONTINUED)


AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (CONTINUED)
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
 
agreeing financial statement disclosures to underlying supporting documentation; and
enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


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 Auditor's Report.


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 2006Our 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 Auditor's 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.





Kelly Bretherick (Senior Statutory Auditor)
  
for and on behalf of
Peters Elworthy & Moore
 
Chartered Accountants
Statutory Auditor
  
Salisbury House
Station Road
Cambridge
CB1 2LA

12 August 2025
Page 7

 
DORRINGTONS LIMITED
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
Note
£
£

  

Turnover
 4 
10,810,035
9,911,014

Cost of sales
  
(7,669,876)
(6,781,696)

GROSS PROFIT
  
3,140,159
3,129,318

Administrative expenses
  
(2,956,287)
(2,780,290)

Other operating income
 5 
117,707
114,063

Fair value movements
  
64,868
20,000

OPERATING PROFIT
 6 
366,447
483,091

Interest receivable and similar income
 10 
11,352
7,009

Interest payable and similar expenses
 11 
(34,537)
(36,414)

PROFIT BEFORE TAX
  
343,262
453,686

Tax on profit
 12 
(112,279)
(134,042)

PROFIT FOR THE FINANCIAL YEAR
  
230,983
319,644

There are no items of other comprehensive income for 2025 or 2024 other than the profit for the yearAs a result, no separate Statement of Comprehensive Income has been presented.

The notes on pages 12 to 25 form part of these financial statements.

Page 8

 
DORRINGTONS LIMITED
REGISTERED NUMBER: 00431430

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

FIXED ASSETS
  

Tangible assets
 14 
2,509,801
2,514,998

Investment property
 15 
2,420,000
2,175,000

  
4,929,801
4,689,998

CURRENT ASSETS
  

Stocks
 16 
142,440
126,684

Debtors: amounts falling due within one year
 17 
52,756
73,139

Cash at bank and in hand
 18 
1,651,391
1,484,617

  
1,846,587
1,684,440

Creditors: amounts falling due within one year
 19 
(1,571,395)
(1,211,619)

NET CURRENT ASSETS
  
 
 
275,192
 
 
472,821

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,204,993
5,162,819

Creditors: amounts falling due after more than one year
 20 
(324,047)
(340,359)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 22 
(720,150)
(692,647)

NET ASSETS
  
4,160,796
4,129,813


CAPITAL AND RESERVES
  

Called up share capital 
 23 
864
864

Capital redemption reserve
 24 
136
136

Profit and loss account
 24 
4,159,796
4,128,813

  
4,160,796
4,129,813


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



C M Sharples
Director

Date: 11 August 2025

The notes on pages 12 to 25 form part of these financial statements.

Page 9

 
DORRINGTONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


AT 1 APRIL 2023
864
136
3,809,169
3,810,169



Profit for the year
-
-
319,644
319,644



AT 1 APRIL 2024
864
136
4,128,813
4,129,813



Profit for the year
-
-
230,983
230,983

Dividends paid on ordinary shares
-
-
(200,000)
(200,000)


AT 31 MARCH 2025
864
136
4,159,796
4,160,796


The notes on pages 12 to 25 form part of these financial statements.

Page 10

 
DORRINGTONS LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025

2025
2024
£
£

CASH FLOWS FROM OPERATING ACTIVITIES

Profit for the financial year
230,983
319,644

ADJUSTMENTS FOR:

Depreciation of tangible fixed assets
350,276
338,778

Loss on disposal of tangible fixed assets
342
(10,483)

Interest payable and similar expenses
34,537
36,414

Interest receivable and similar income
(11,352)
(7,009)

Taxation charge
112,279
134,042

(Increase)/decrease in stocks
(15,756)
1,998

Decrease in debtors
20,383
17,968

Increase in creditors
392,438
97,801

Net fair value gains recognised in P&L
(64,868)
(20,000)

Corporation tax (paid)
(104,147)
(7,933)

NET CASH GENERATED FROM OPERATING ACTIVITIES

945,115
901,220


CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of tangible fixed assets
(380,421)
(622,661)

Sale of tangible fixed assets
-
21,976

Purchase of investment properties
(145,132)
-

Interest received
11,352
7,009

HP interest paid
(2,537)
(4,414)

NET CASH FROM INVESTING ACTIVITIES

(516,738)
(598,090)

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of/new finance leases
(29,603)
(30,103)

Dividends paid on ordinary shares
(200,000)
-

Dividends paid on preference shares
(32,000)
(32,000)

NET CASH USED IN FINANCING ACTIVITIES
(261,603)
(62,103)

INCREASE IN CASH AND CASH EQUIVALENTS
166,774
241,027

Cash and cash equivalents at beginning of year
1,484,617
1,243,590

CASH AND CASH EQUIVALENTS AT THE END OF YEAR
1,651,391
1,484,617


CASH AND CASH EQUIVALENTS AT THE END OF YEAR COMPRISE:

Cash at bank and in hand
1,651,391
1,484,617


Page 11

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Dorringtons Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is The Bakery, Station Road, Sawbridgeworth, Herts, CM21 9JY.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises revenue recognised by the Company in respect of the sale of confectionery, bakery items and catering during the year, exclusive of Value Added Tax. Revenue is recognised as the fair value of the consideration received or receivable and is recognised on delivery of goods.

 
2.3

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

PENSIONS

The Company operates a defined contribution plan for its employees as well as contributing to the personal pension plans of the directors and contributing to the personal pension plan of a former director.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 12

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 13

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)


2.9
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either the straight-line method or reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
50 years straight line (buildings), 
30 years straight line (improvements)
Plant and machinery
-
10 years straight line, 3 years straight line
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

 
2.11

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  Cost is based on the cost of purchase on a first in, first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.13

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.14

CREDITORS

Short-term creditors are measured at the transaction price.

Page 14

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.15

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.17

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.



JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses. Actual results may be different from these estimates.
Information about assumptions and estimation uncertainties that have significant risk of resulting in material adjustment within the next financial year are included below. Critical judgements that management has made in the process of applying accounting policies disclosed herein and that have a significant effect on the amounts recognised in the financial statements relate to the following:
Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible fixed assets is sensitive to changes in the useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually based on industry knowledge and historical useful economic lives of previously owned tangible fixed assets. In making this assessment, management has taken into consideration industry conditions, the expected use period and the resale market for second hand assets.
Investment property valuation
The directors have considered professional advice from local property experts and a judgement has been made as to the fair value of investment properties.

Page 15

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


TURNOVER

The whole of the turnover is attributable to  the sale of confectionery, bakery items and catering during the year.

All turnover arose within the United Kingdom.


5.


OTHER OPERATING INCOME

2025
2024
£
£

Net rents receivable
117,707
114,063



6.


OPERATING PROFIT

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

2025
2024
£
£

Loss/(profit) on disposal of tangible fixed assets
342
(10,483)

Depreciation of tangible fixed assets
350,276
338,778

Other operating lease rentals
110,863
106,037


7.


AUDITOR'S REMUNERATION

During the year, the Company obtained the following services from the Company's auditor:


2025
2024
£
£

Fees payable to the Company's auditor for the audit of the Company's financial statements
12,000
11,600
Page 16

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


EMPLOYEES

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
4,966,535
4,362,238

Social security costs
457,152
363,715

Cost of defined contribution scheme
161,008
156,435

5,584,695
4,882,388


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Directors
5
5



Management
12
17



Administration
7
6



Production
36
34



Shops / distribution
155
145

215
207


9.


DIRECTORS' REMUNERATION

2025
2024
£
£

Directors' emoluments
873,538
858,118

Company contributions to defined contribution pension schemes
71,000
78,000

944,538
936,118


During the year retirement benefits were accruing to 4 directors (2024 - 4) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £307,089 (2024 - £226,281).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £NIL (2024 - £NIL).

Page 17

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


INTEREST RECEIVABLE AND SIMILAR INCOME

2025
2024
£
£


Bank interest receivable
11,352
7,009


11.


INTEREST PAYABLE AND SIMILAR EXPENSES

2025
2024
£
£


Dividends paid on preference shares
32,000
32,000

Finance leases and hire purchase contracts
2,537
4,414

34,537
36,414


12.


TAXATION


2025
2024
£
£

CORPORATION TAX


Current tax on profits for the year
88,974
104,188

Adjustments in respect of previous periods
(4,198)
-

TOTAL CURRENT TAX
84,776
104,188

DEFERRED TAX


Origination and reversal of timing differences
27,503
29,854

TOTAL DEFERRED TAX
27,503
29,854


112,279
134,042
Page 18

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
 
12.TAXATION (CONTINUED)


FACTORS AFFECTING TAX CHARGE FOR THE YEAR

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25.00% (2024 - 25.00%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
343,262
453,686


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25.00% (2024 - 25.00%)
85,816
113,422

EFFECTS OF:


Expenses not deductible for tax purposes
10,900
13,365

Fixed asset differences
19,701
13,271

Adjustments to tax charge in respect of prior periods
(4,198)
-

Non-taxable income
(16,217)
(5,000)

Chargeable gains/(losses)
16,217
5,000

Movement in deferred tax not recognised
60
(6,016)

TOTAL TAX CHARGE FOR THE YEAR
112,279
134,042


FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

There were no factors that may affect future tax charges.


13.


DIVIDENDS

2025
2024
£
£


Dividends paid on ordinary shares
200,000
-


Dividends paid on preference shares
32,000
32,000

232,000
32,000

Page 19

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



COST


At 1 April 2024
1,616,868
3,218,404
623,128
5,458,400


Additions
-
330,349
50,072
380,421


Disposals
-
-
(3,900)
(3,900)


Transfers between classes
(35,000)
-
-
(35,000)



At 31 March 2025

1,581,868
3,548,753
669,300
5,799,921



DEPRECIATION


At 1 April 2024
521,726
2,118,491
303,185
2,943,402


Charge for the year on owned assets
42,686
222,443
69,514
334,643


Charge for the year on financed assets
-
-
15,633
15,633


Disposals
-
-
(3,558)
(3,558)



At 31 March 2025

564,412
2,340,934
384,774
3,290,120



NET BOOK VALUE



At 31 March 2025
1,017,456
1,207,819
284,526
2,509,801



At 31 March 2024
1,095,142
1,099,913
319,943
2,514,998

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Motor vehicles
46,899
62,532

Page 20

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

15.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 April 2024
2,175,000


Additions at cost
145,132


Surplus on revaluation
64,868


Transfers between classes
35,000



AT 31 MARCH 2025
2,420,000

The 2025 valuations were made by the directors, on an open market value for existing use basis, based on professional advice received.




16.


STOCKS

2025
2024
£
£

Raw materials and consumables
142,440
126,684



17.


DEBTORS

2025
2024
£
£


Other debtors
6,740
25,353

Prepayments and accrued income
46,016
47,786

52,756
73,139



18.


CASH AND CASH EQUIVALENTS

2025
2024
£
£

Cash at bank and in hand
1,651,391
1,484,617


Page 21

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

19.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Trade creditors
515,576
310,027

Corporation tax
88,974
108,345

Other taxation and social security
102,645
82,595

Obligations under finance lease and hire purchase contracts
15,342
28,633

Other creditors
143,295
129,075

Accruals and deferred income
705,563
552,944

1,571,395
1,211,619


Disclosure of the terms and conditions attached to the non-equity shares is made in note 23.

Obligations under finance agreements are secured against the assets concerned.


20.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Net obligations under finance leases and hire purchase contracts
4,047
20,359

Share capital treated as debt
320,000
320,000

324,047
340,359


Obligations under finance agreements are secured against the assets concerned.
Disclosure of the terms and conditions attached to the non-equity shares is made in note 23.


21.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
15,342
28,633

Between 1-5 years
4,047
20,359

19,389
48,992

Page 22

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

22.


DEFERRED TAXATION




2025
2024


£

£






At beginning of year
692,647
662,793


Charged to profit or loss
27,503
29,854



AT END OF YEAR
720,150
692,647

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
345,948
334,409

Short term timing differences
(1,403)
(1,151)

Capital gains
375,605
359,389

720,150
692,647


23.


SHARE CAPITAL

2025
2024
£
£
SHARES CLASSIFIED AS EQUITY

ALLOTTED, CALLED UP AND FULLY PAID



864 (2024 - 864) Ordinary shares of £1.00 each
864
864

2025
2024
£
£
SHARES CLASSIFIED AS DEBT

ALLOTTED, CALLED UP AND FULLY PAID



320,000 (2024 - 320,000) Preference shares of £1.00 each
320,000
320,000


Preference shares are not redeemable or repayable on demand and receive no voting rights. On cessation of trade the shares are repayable at par value. Holders of preference shares are entitled to a fixed annual dividend of 10% of the nominal value held.

Page 23

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

24.


RESERVES

Capital redemption reserve

Includes the nominal value of shares repurchased by the company in previous years.

Profit and loss account

This reserve includes all current and prior period retained profits and losses.

25.


ANALYSIS OF NET DEBT




At 1 April 2024
Cash flows
At 31 March 2025
£

£

£

Cash at bank and in hand

1,484,617

166,774

1,651,391

Debt due after 1 year

(320,000)

-

(320,000)

Finance leases

(48,992)

29,603

(19,389)



1,115,625
196,377
1,312,002


26.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £161,008 (2024 - £156,435). Contributions totalling £13,258 (2024 - £11,005) were payable to the fund at the balance sheet date and are included in creditors.


27.


COMMITMENTS UNDER OPERATING LEASES

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
118,361
106,069

Later than 1 year and not later than 5 years
339,341
346,680

Later than 5 years
109,000
170,688

566,702
623,437

Page 24

 
DORRINGTONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

28.


POST BALANCE SHEET EVENTS

On 30 May 2025, the company acquired commercial premises for consideration of £825,000 before, legal and professional fees. The acquisition was financed in part by a £500,000 mortgage loan, with the balance funded from internal resources. The mortgage is secured by a fixed and floating charge over the assets of the company. This event does not represent an adjusting balance sheet event and, accordingly, it has not been reflected in the financial statements for the year ended 31 March 2025.


29.


RELATED PARTY TRANSACTIONS

During the year, dividends on ordinary shares of £200,000 (2024 - £Nil) and preference shares of £24,000 (2024 - £24,000) were paid to the Directors.
 
The Company has taken advantage of the exemptions contained within FRS 102.33.7A not to disclose key management personnel compensation in total as the key management personnel and directors are considered to be the same. See note 9 for disclosure of directors' remuneration.


30.


CONTROLLING PARTY

The company is under the control of its shareholders and no single shareholder exercises overall control.

 
Page 25