DOWSON BLADES LIMITED


Director	DUCKITT, Robin James


Company Secretary	DUCKITT, Robin James


Registered Address	Unit 6 West Cumbria Business Par
	Derwent Howe
	Workington
	CA14 3YW


Registered Number	01994721 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		308,113		363,085
			308,113		363,085
Current assets
Stocks	4	347,543		655,379
Debtors	5	1,677,837		1,592,027
Cash at bank and on hand		155,347		3,875
		2,180,727		2,251,281
Creditors amounts falling due within one year	6	(733,842)		(854,908)
Net current assets (liabilities)			1,446,885		1,396,373
Total assets less current liabilities			1,754,998		1,759,458
Creditors amounts falling due after one year	7		(348,439)		(288,544)
Provisions for liabilities	9		(29,328)		(49,839)
Net assets			1,377,231		1,421,075
Capital and reserves
Called up share capital			3,825		3,825
Share premium			146,225		146,225
Other reserves			50,050		50,050
Profit and loss account			1,177,131		1,220,975
Shareholders' funds			1,377,231		1,421,075

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 26 June 2025, and are signed on its behalf by:

DUCKITT, Robin James
Director
Registered Company No. 01994721

DOWSON BLADES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	10
	Vehicles	5

	Finance leases and hire purchase contracts
	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	22		24

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	60,000	1,184,111	72,161	1,316,272
At 31 March 25	60,000	1,184,111	72,161	1,316,272
Depreciation and impairment
At 01 April 24	-	939,957	13,230	953,187
Charge for year	-	40,540	14,432	54,972
At 31 March 25	-	980,497	27,662	1,008,159
Net book value
At 31 March 25	60,000	203,614	44,499	308,113
At 31 March 24	60,000	244,154	58,931	363,085

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	347,543	655,379
Total	347,543	655,379

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	281,594	217,621
Other debtors	1,375,023	1,349,714
Prepayments and accrued income	21,220	24,692
Total	1,677,837	1,592,027

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	81,236	183,249
Bank borrowings and overdrafts	213,657	242,929
Taxation and social security	98,594	138,975
Finance lease and HP contracts	17,256	17,256
Other creditors	273,414	206,566
Accrued liabilities and deferred income	49,685	65,933
Total	733,842	854,908


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included in creditors due within one year are bank loans amounting to £213,657 (2024 - £242,929) and net obligations under finance leases and hire purchase contracts amounting to £17,256 (2024 - £17,256) which are secured by the company.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Included in creditors due within one year are bank loans amounting to £213,657 (2024 - £242,929) and net obligations under finance leases and hire purchase contracts amounting to £17,256 (2024 - £17,256) which are secured by the company.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	312,490	235,339
Other creditors	35,949	53,205
Total	348,439	288,544


	Included in creditors due after more than one year are bank loans amounting to £312,490 (2024 - £235,339) and net obligations under finance leases and hire purchase contracts amounting to £35,949 (2024 - £53,205) which are secured by the company.

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	35,949		53,205

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	29,328	49,839
Total	29,328	49,839

10.	Other commitments
	At 31 March the company had future minimum lease payments under non-cancellable operating leases of £70,000 (2024 - £70,000).

11.	Related party transactions
	On 1 April 2024 the Director owed the Company £995,000. During the period there were further advances of £25,000. At 31 March 2025 the Director owed the Company £1,020,000. The loan is repayable upon sale of the company or by the way of dividend.