Dowling Blunt Limited

Notes to the Financial Statements
for the Year Ended 31 July 2025

1	General information

Dowling Blunt Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1.

2	Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Judgements and key sources of estimation uncertainties

There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants of a revenue nature are credited to the income statement so as to match them with the expenditure to which they relate and are included in other operating income.

Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

Dowling Blunt Limited

Notes to the Financial Statements
for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and cash in hand.

Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dowling Blunt Limited

Notes to the Financial Statements
for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 14).

Dowling Blunt Limited

Notes to the Financial Statements
for the Year Ended 31 July 2025 (continued)

4	Property, plant and equipment

	Fixtures and fittings £
Cost or valuation
At 1 August 2024	27,431
Additions	20,469
At 31 July 2025	47,900
Depreciation
At 1 August 2024	15,039
Charge for the year	6,493
At 31 July 2025	21,532
Carrying amount
At 31 July 2025	26,368
At 31 July 2024	12,392

5	Receivables

	2025 £	2024 £
Trade receivables	544,366	503,835
Other receivables	35,780	20,180
Prepayments	75,271	59,895
	655,417	583,910

Dowling Blunt Limited

Notes to the Financial Statements
for the Year Ended 31 July 2025 (continued)

6

Payables

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,000	10,000
Trade payables		146,163	117,144
Corporation tax		47,188	24,928
Social security and other taxes		88,136	87,334
Other payables		120	50
Accruals		223,915	144,680
		515,522	384,136
Due after one year
Loans and borrowings	8	-	10,000

7	Share capital and reserves

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	998	998	998	998
'A' Ordinary shares of £1 each	2	2	2	2
	1,000	1,000	1,000	1,000

The Ordinary shares and 'A' Ordinary shares of £1 each rank equally in all respects as regards to voting and the right to participate in the distribution of assets in the dissolution, winding-up or liquidation of the company as if they were one category of share. Dividends may be decalred on both classes of share or on one or other class as determined by the directors.

Reserves
The retained earnings reserve represents cumulative profits or losses net of dividends paid and other adjustments.

Dowling Blunt Limited

Notes to the Financial Statements
for the Year Ended 31 July 2025 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	10,000

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000

9	Commitments under operating leases

At 31 July, 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

	2025 £	2024 £
Not later than one year	52,000	-
Later than one year and not later than five years	195,000	-
	247,000	-

10	Parent undertaking

The company's immediate parent is Dowling Blunt EOT Limited, incorporated in England and Wales. These financial statements are available upon request from Salatin House, 19 Cedar Road, Sutton, Surrey SM2 5DA

The ultimate controlling party is Dowling Blunt EOT Limited.