REGISTERED NUMBER: 03114610 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LLOYD DOWSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Dowson FCA

S J Nuttall FCA, FCCA

T S Meredith-Baker FCA, FCCA

J E Manson FCA

C Dowson

SECRETARY:

C Dowson

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

03114610 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

140,565

411,077

140,565

411,077

CURRENT ASSETS

Stocks & work in progress

382,797

482,479

Debtors

6

951,083

908,943

Cash at bank and in hand

515,878

282,437

1,849,758

1,673,859

CREDITORS

Amounts falling due within one year

7

818,968

974,024

NET CURRENT ASSETS

1,030,790

699,835

TOTAL ASSETS LESS CURRENT LIABILITIES

1,171,355

1,110,912

PROVISIONS FOR LIABILITIES

34,698

43,870

NET ASSETS

1,136,657

1,067,042

CAPITAL AND RESERVES

Called up share capital

100,003

100,003

Revaluation reserve

-

69,251

Retained earnings

1,036,654

897,788

1,136,657

1,067,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

D W Dowson FCA - Director

S J Nuttall FCA, FCCA - Director

T S Meredith-Baker FCA, FCCA - Director

J E Manson FCA - Director

C Dowson - Director

1.	STATUTORY INFORMATION

Lloyd Dowson 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 represents professional fees provided during the year, adjusted for work-in-progress and excluding Value Added Tax.

Goodwill

Goodwill, being amounts paid in respect of business acquisitions, is written off over 10 years on a straight line basis.

Tangible fixed assets

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

Freehold property

-

2% to estimated residual value

Office equipment

-

20% on cost

Stocks & work in progress

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

Work in progress is valued at the recoverable amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 60 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

252,853

AMORTISATION

At 1 April 2024

and 31 March 2025

252,853

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

300,000

325,629

625,629

Additions

-

80,752

80,752

Disposals

(300,000

)

(18,659

)

(318,659

)

At 31 March 2025

-

387,722

387,722

DEPRECIATION

At 1 April 2024

7,333

207,219

214,552

Charge for year

-

58,597

58,597

Eliminated on disposal

(7,333

)

(18,659

)

(25,992

)

At 31 March 2025

-

247,157

247,157

NET BOOK VALUE

At 31 March 2025

-

140,565

140,565

At 31 March 2024

292,667

118,410

411,077

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

821,809

788,762

Other debtors

129,274

120,181

951,083

908,943

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

33,558

21,695

Taxation and social security

642,447

627,326

Other creditors

142,963

325,003

818,968

974,024