The Dorset Cupboard Company Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

(Registration number: 08578253)
Statement of Financial Position as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	30,964	35,071
Current assets
Stocks	5	16,000	6,000
Debtors	6	18,572	15,813
Cash at bank and in hand		42,057	-
		76,629	21,813
Creditors: Amounts falling due within one year	7	(85,996)	(27,080)
Net current liabilities		(9,367)	(5,267)
Total assets less current liabilities		21,597	29,804
Creditors: Amounts falling due after more than one year	7	-	(6,021)
Provisions for liabilities		(7,741)	(8,768)
Net assets		13,856	15,015
Capital and reserves
Called up share capital		125	125
Profit and loss account		13,731	14,890
Shareholders' funds		13,856	15,015

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:

The Dorset Cupboard Company Limited

(Registration number: 08578253)
Statement of Financial Position as at 30 June 2025 (continued)

Mr J O'Leary
Director

Mr M O'Leary
Director

The Dorset Cupboard Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Timberly
South Street
Axminster
Devon
EX13 5AD

Principal activity
The principal activity of the company is that of making bespoke cupboards.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

The Dorset Cupboard Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Dorset Cupboard Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Dorset Cupboard Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
£

Total
£

Cost or valuation

At 1 July 2024

2,581

110,674

19,304

132,559

Additions

5,428

2,805

-

8,233

Disposals

(3,936)

(3,355)

-

(7,291)

At 30 June 2025

4,073

110,124

19,304

133,501

Depreciation

At 1 July 2024

2,149

77,369

17,970

97,488

Charge for the year

351

7,763

334

8,448

Eliminated on disposal

(420)

(2,979)

-

(3,399)

At 30 June 2025

2,080

82,153

18,304

102,537

Carrying amount

At 30 June 2025

1,993

27,971

1,000

30,964

At 30 June 2024

432

33,305

1,334

35,071

The Dorset Cupboard Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

5

Stocks

	2025 £	2024 £
Work in progress	10,000	-
Finished goods and goods for resale	6,000	6,000
	16,000	6,000

6

Debtors

	2025 £	2024 £
Trade debtors	-	7,962
Other debtors	18,572	7,851
	18,572	15,813

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	5,866	6,401
Trade creditors	8,041	261
Taxation and social security	17,800	10,926
Accruals and deferred income	2,083	1,962
Other creditors	52,206	7,530
	85,996	27,080

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	-	6,021

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

The Dorset Cupboard Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

9	Related party transactions

Transactions with directors

2025	At 1 July 2024 £	Advances to director £	Repayments by director £	At 30 June 2025 £
Director	7,328	18,572	(7,328)	18,572
Director	(6,299)	2,400	-	(3,899)
	1,029	20,972	(7,328)	14,673

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Director

1,546

7,328

(1,546)

7,328

Director

(8,699)

2,400

-

(6,299)

(7,153)

9,728

(1,546)

1,029

	Fixtures and fittings £	Plant and machinery £	Motor vehicles £	Total £
Cost or valuation
At 1 July 2024	2,581	110,674	19,304	132,559
Additions	5,428	2,805	-	8,233
Disposals	(3,936)	(3,355)	-	(7,291)
At 30 June 2025	4,073	110,124	19,304	133,501
Depreciation
At 1 July 2024	2,149	77,369	17,970	97,488
Charge for the year	351	7,763	334	8,448
Eliminated on disposal	(420)	(2,979)	-	(3,399)
At 30 June 2025	2,080	82,153	18,304	102,537
Carrying amount
At 30 June 2025	1,993	27,971	1,000	30,964
At 30 June 2024	432	33,305	1,334	35,071

2024	At 1 July 2023 £	Advances to director £	Repayments by director £	At 30 June 2024 £
Director	1,546	7,328	(1,546)	7,328
Director	(8,699)	2,400	-	(6,299)
	(7,153)	9,728	(1,546)	1,029