Registration number: 04934504

Dominion Woodworking Machinery Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Dominion Woodworking Machinery Ltd

(Registration number: 04934504)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	49,543	66,056
Current assets
Debtors	5	19	-
Cash at bank and in hand		214,081	111,261
		214,100	111,261
Creditors: Amounts falling due within one year	6	(223,609)	(162,511)
Net current liabilities		(9,509)	(51,250)
Net assets		40,034	14,806
Capital and reserves
Called up share capital	7	19	19
Retained earnings		40,015	14,787
Shareholders' funds		40,034	14,806

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 November 2025 and signed on its behalf by:
 

......................................... Mr J Varey Director

Dominion Woodworking Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lodge Holme
Skipton Road
Trawden
Colne
Lancashire
BB8 8RA

These financial statements were authorised for issue by the Board on 27 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

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.

Dominion Woodworking Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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
Motor vehicles	25% per annum reducing balance basis
Plant and machinery	25% per annum reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors 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 debtors 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.

Trade creditors

Trade creditors 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.

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

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 profit and loss account 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.

Dominion Woodworking Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Motor vehicles  £	Plant and machinery £	Total £
Cost
At 1 April 2024	-	81,300	81,300
Transfers	47,100	(47,100)	-
At 31 March 2025	47,100	34,200	81,300
Depreciation
At 1 April 2024	-	15,244	15,244
Charge for the year	9,567	6,946	16,513
Transfers	8,831	(8,831)	-
At 31 March 2025	18,398	13,359	31,757
Carrying amount
At 31 March 2025	28,702	20,841	49,543
At 31 March 2024	-	66,056	66,056

5

Debtors

	2025 £	2024 £
Other debtors	19	-
	19	-

Dominion Woodworking Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	-	82
Amounts owed to group undertakings	9	210,840	156,760
Taxation and social security		12,269	5,169
Accruals and deferred income		500	500
		223,609	162,511

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	-	-	19	19
Ordinary A shares of £1 each	10	10	-	-
Ordinary B shares of £1 each	9	9	-	-
	19	19	19	19

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	-	82

Dominion Woodworking Machinery Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Related party transactions

Summary of transactions with subsidiaries

V.W.M. Limited

Income and receivables from related parties

2025	Subsidiary £
Sale of goods	52,350

2024	Subsidiary £
Sale of goods	34,100
Sale of property or other assets	81,300
	115,400

Expenditure with and payables to related parties

2025	Subsidiary £
Amounts payable to related party	210,840

2024	Subsidiary £
Amounts payable to related party	156,760