Company No: 02302529 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	364,004		397,386
		364,004		397,386
Current assets
Stocks	4	543,161		1,188,303
Debtors	5	363,800		323,352
Cash at bank and in hand		1,845,750		980,612
		2,752,711		2,492,267
Creditors: amounts falling due within one year	6	( 790,915)		( 713,124)
Net current assets		1,961,796		1,779,143
Total assets less current liabilities		2,325,800		2,176,529
Provision for liabilities		( 71,940)		( 79,639)
Net assets		2,253,860		2,096,890
Capital and reserves
Called-up share capital		4		4
Profit and loss account		2,253,856		2,096,886
Total shareholders' funds		2,253,860		2,096,890

For the financial year ending 28 February 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of R.O. Dando & Sons (Builders Merchants) Ltd (registered number: 02302529) were approved and authorised for issue by the Board of Directors on 15 September 2025. They were signed on its behalf by:

C M Dando Director

R A Dando Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R.O. Dando & Sons (Builders Merchants) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Bungalow, Moorledge Road, Chew Magna, BS40 8TA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and materials provided in the normal course of business, turnover also includes the sale of properties in the year, and is shown net of VAT and other sales-related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	50 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Computer equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stock includes work in progress on a property building project and the cost of materials held for the business, which are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. The cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	9		9

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 March 2024	148,531		475,281		457,369		16,786		1,097,967
Additions	0		0		38,767		0		38,767
Disposals	0		0		( 42,174)		0		( 42,174)
At 28 February 2025	148,531		475,281		453,962		16,786		1,094,560
Accumulated depreciation
At 01 March 2024	39,544		350,844		298,211		11,982		700,581
Charge for the financial year	2,971		18,666		41,841		721		64,199
Disposals	0		0		( 34,224)		0		( 34,224)
At 28 February 2025	42,515		369,510		305,828		12,703		730,556
Net book value
At 28 February 2025	106,016		105,771		148,134		4,083		364,004
At 29 February 2024	108,987		124,437		159,158		4,804		397,386

4. Stocks

	2025		2024
	£		£
Stocks	276,003		259,669
Work in progress	267,158		928,634
	543,161		1,188,303

5. Debtors

	2025		2024
	£		£
Trade debtors	343,868		300,885
Amounts owed by directors	648		652
Prepayments	19,284		21,815
	363,800		323,352

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	363,102		197,771
Amounts owed to connected companies	278,999		418,092
Taxation and social security	119,392		69,949
Other creditors	29,422		27,312
	790,915		713,124

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to connected companies are repayable on demand and do not bear interest.

7. Related party transactions

Transactions with the entity's directors

Director 1

At 1 March 2024 the balance owed from the director was £nil. During the year, the company made advances to the director amounting to £5,863 and received repayments of £5,863 leaving a balance due from the director of £nil.

At 1 March 2023 the balance owed from the director was £nil. During the year, the company made advances to the director amounting to £5,874 and received repayments of £5,874 leaving a balance due from the director of £nil.

Director 2

At 1 March 2024 the balance owed from the director was £652. During the year, the company made advances to the director amounting to £7,850 and received repayments of £7,854 leaving a balance due from the director of £648.

At 1 March 2023 the balance owed from the director was £634. During the year, the company made advances to the director amounting to £7,852 and received repayments of £7,834 leaving a balance due from the director of £652.

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.