REGISTERED NUMBER: 13325316 (England and Wales)

Financial Statements for the Year Ended 31st October 2024

for

R G Dyer Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Woodhouse

Mrs L Woodhouse

REGISTERED OFFICE:

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

REGISTERED NUMBER:

13325316 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

CURRENT ASSETS

Stocks

885,499

867,297

Debtors

840

3,705

Cash at bank

1

89

886,340

871,091

CREDITORS

Amounts falling due within one year

266,176

186,679

NET CURRENT ASSETS

620,164

684,412

TOTAL ASSETS LESS CURRENT LIABILITIES

620,164

684,412

CREDITORS

Amounts falling due after more than one year

700,000

700,000

NET LIABILITIES

(79,836

)

(15,588

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(79,936

)

(15,688

)

(79,836

)

(15,588

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 31st October 2025 and were signed on its behalf by:

W Woodhouse - Director

1.	STATUTORY INFORMATION

R G Dyer Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 year 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

708,200

706,517

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

2024

2023

£

£

W Woodhouse

Balance outstanding at start of year

3,005

-

Amounts advanced

15,762

3,005

Amounts repaid

(29,384

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(10,617

)

3,005

Mrs L Woodhouse

Balance outstanding at start of year

600

-

Amounts advanced

140

600

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

740

600

6.	RELATED PARTY DISCLOSURES

As at 31 October 2024, the company owes £175,666.95 (2023 - £171,561.95) to Igloo Projects Ltd. £29,140 (2023 - £6,350) to Billiards Bar Ltd and £41,112.75 to R G Dyer Roofing Ltd, related companies.

7.	GOING CONCERN

At the year end, the company has a negative balance sheet of £79,836, the directors have agreed to support the company for the foreseeable future.