REGISTERED NUMBER: 05365493 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

DYER & SCOTT LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

N C Dyer

J A Dyer

J Bradley

G C Bradley

P F Compton

SECRETARY:

J A Dyer

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

05365493 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dyer & Scott Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dyer & Scott Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dyer & Scott Ltd and state those matters that we have agreed to state to the Board of Directors of Dyer & Scott Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dyer & Scott Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dyer & Scott Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dyer & Scott Ltd. You consider that Dyer & Scott Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dyer & Scott Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

4 November 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

116,860

111,227

116,860

111,227

CURRENT ASSETS

Stocks

93,226

101,704

Debtors

6

29,000

204,771

Cash at bank and in hand

68,342

85,835

190,568

392,310

CREDITORS

Amounts falling due within one year

7

162,651

160,354

NET CURRENT ASSETS

27,917

231,956

TOTAL ASSETS LESS CURRENT LIABILITIES

144,777

343,183

CREDITORS

Amounts falling due after more than one year

8

(51,071

)

(40,300

)

PROVISIONS FOR LIABILITIES

11

(17,800

)

(19,443

)

NET ASSETS

75,906

283,440

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

75,806

283,340

SHAREHOLDERS' FUNDS

75,906

283,440

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 Income Statement has not been delivered.

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

J Bradley - Director

1.	STATUTORY INFORMATION

Dyer & Scott 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.

Critical accounting estimates and uncertainties

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover

Turnover represents net sales of goods and services excluding value added tax. Turnover is recognised when the service is rendered or the goods are sold.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contract or finance contract are capitalised in the balance sheet. Those held under hire purchase contract 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

420,000

AMORTISATION

At 1 April 2024

and 31 March 2025

420,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

164,383

84,399

14,245

15,690

278,717

Additions

18,852

267

13,691

932

33,742

Disposals

(1,517

)

-

(14,245

)

-

(15,762

)

At 31 March 2025

181,718

84,666

13,691

16,622

296,697

DEPRECIATION

At 1 April 2024

65,168

76,745

13,643

11,934

167,490

Charge for year

20,796

1,170

2,852

1,172

25,990

Eliminated on disposal

-

-

(13,643

)

-

(13,643

)

At 31 March 2025

85,964

77,915

2,852

13,106

179,837

NET BOOK VALUE

At 31 March 2025

95,754

6,751

10,839

3,516

116,860

At 31 March 2024

99,215

7,654

602

3,756

111,227

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

29,000

204,771

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,313

10,000

Hire purchase contracts (see note 9)

15,503

8,400

Trade creditors

58,748

54,832

Taxation and social security

56,119

81,298

Other creditors

12,968

5,824

162,651

160,354

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

27,113

20,000

Hire purchase contracts (see note 9)

23,958

20,300

51,071

40,300

Included within bank loans is a government supported bounceback loan of £20,000.

9.	LEASING AGREEMENTS

At the balance sheet date the company had lease commitments totalling £210,750 (2024: £255,750).

Of this total £174,000 relates to a lease due to be paid over the next eight years.

10.	SECURED DEBTS

The Hire Purchase is secured on the related asset.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

17,800

19,443

Deferred

tax

£

Balance at 1 April 2024

19,443

Movement

(1,643

)

Balance at 31 March 2025

17,800

The provision for deferred tax relates wholly to timing differences on capital allowances.

12.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid

Nominal

2025

2024

Number:

Class:

Value:

£

£

25

A Ordinary

£1

20

25

25

B Ordinary

£1

20

25

13

C Ordinary

£1

17

13

12

D Ordinary

£1

18

12

13

E Ordinary

£1

13

13

12

F Ordinary

£1

12

12

100

100

During the year on 19 April 2024, five £1 A ordinary shares were reclassified into four £1 C ordinary shares and one £1 D ordinary share, and five £1 B ordinary shares were reclassified into five £1 D ordinary shares.

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, a director owed the company £13,615 (2024: £187,537). During the year £164,352 (2024: £203,304) was advanced and £338,274 (2024: £143,336) was repaid.