REGISTERED NUMBER: 06135179 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 July 2025

for

Gary Dykes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G K Dykes

REGISTERED OFFICE:

17-19 Main Street

Bulwell

Nottingham

Nottinghamshire

NG6 8QH

REGISTERED NUMBER:

06135179 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Intangible assets

4

-

108,000

Tangible assets

5

-

101,387

-

209,387

CURRENT ASSETS

Stocks

-

12,000

Debtors

6

4,085

4,177

Cash at bank and in hand

285,876

28,908

289,961

45,085

CREDITORS

Amounts falling due within one year

7

(289,924

)

(90,119

)

NET CURRENT ASSETS/(LIABILITIES)

37

(45,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37

164,353

CREDITORS

Amounts falling due after more than one year

8

-

(19,799

)

PROVISIONS FOR LIABILITIES

-

(6,840

)

NET ASSETS

37

137,714

CAPITAL AND RESERVES

Called up share capital

10

1

1

Revaluation reserve

11

-

108,000

Retained earnings

36

29,713

SHAREHOLDERS' FUNDS

37

137,714

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

G K Dykes - Director

1.	STATUTORY INFORMATION

Gary Dykes 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 the net invoiced value of goods and services provided, excluding value added tax.

Goodwill

Goodwill comprises of an amount paid in connection with the incorporation of a business in 2007 which had been amortised evenly over its estimated useful life of 10 years. However, the director now considers the goodwill to be in excess of the amount paid and it has subsequently been revalued as at 31 March 2019 to an amount deemed appropriate by the director. This value will be assessed by the director on an annual basis and any change in net book value will be adjusted accordingly.

This policy represents a departure from statutory accounting principles, which require amortisation to be provided on all intangible assets. By making the departure, the director considers the financial statements give a true and fair view.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

108,000

Disposals

(108,000

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 March 2024

108,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

264,278

Additions

1,408

Disposals

(265,686

)

At 31 July 2025

-

DEPRECIATION

At 1 April 2024

162,891

Charge for period

23,321

Eliminated on disposal

(186,212

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 March 2024

101,387

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

34,464

Disposals

(34,464

)

At 31 July 2025

-

DEPRECIATION

At 1 April 2024

17,905

Charge for period

4,485

Eliminated on disposal

(22,390

)

At 31 July 2025

-

NET BOOK VALUE

At 31 July 2025

-

At 31 March 2024

16,559

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.3.24

£

£

Other debtors

4,085

4,177

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.3.24

£

£

Hire purchase contracts

-

5,533

Trade creditors

(1

)

46,296

Taxation and social security

-

18,235

Other creditors

289,925

20,055

289,924

90,119

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.3.24

£

£

Hire purchase contracts

-

19,799

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.3.24

£

£

Hire purchase contracts

-

25,332

Obligations under hire purchase contracts are secured on the assets concerned.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.3.24

value:

£

£

1

Ordinary A

£1

1

1

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

108,000

Goodwill revaluation

(108,000

)

At 31 July 2025

-

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 July 2025 and the year ended 31 March 2024:

31.7.25

31.3.24

£

£

G K Dykes

Balance outstanding at start of period

(908

)

8,513

Amounts advanced

116,414

56,227

Amounts repaid

(332,789

)

(65,648

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(217,283

)

(908

)

The loan is unsecured, interest free and repayable on demand.