REGISTERED NUMBER: 10762377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

WE Dawson Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

W E Dawson

C S Marsh

Registered office:

114-120 Northgate Street

Chester

CH1 2HT

Registered number:

10762377 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Intangible assets

4

416

483

Tangible assets

5

898,686

412,534

899,102

413,017

Current assets

Stocks

48,130

26,550

Debtors

6

308,769

131,342

Cash at bank and in hand

33,186

60,954

390,085

218,846

Creditors

Amounts falling due within one year

7

337,987

216,593

Net current assets

52,098

2,253

Total assets less current liabilities

951,200

415,270

Creditors

Amounts falling due after more than one year

8

(522,123

)

(204,613

)

Provisions for liabilities

10

(110,997

)

(51,893

)

Net assets

318,080

158,764

Capital and reserves

Called up share capital

1

1

Retained earnings

318,079

158,763

318,080

158,764

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 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 15 December 2025 and were signed on its behalf by:

W E Dawson - Director

1.	Statutory information

WE Dawson 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Leasehold improvements

-

10% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Intangible fixed assets

Patents

and

licences

£

Cost

At 1 April 2024

and 31 March 2025

673

Amortisation

At 1 April 2024

190

Amortisation for year

67

At 31 March 2025

257

Net book value

At 31 March 2025

416

At 31 March 2024

483

5.	Tangible fixed assets

Leasehold

Plant and

Motor

Computer

improvements

machinery

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

81,486

349,689

145,505

874

577,554

Additions

44,346

559,389

94,478

999

699,212

Disposals

-

(56,550

)

(40,958

)

-

(97,508

)

At 31 March 2025

125,832

852,528

199,025

1,873

1,179,258

Depreciation

At 1 April 2024

14,183

60,618

89,394

825

165,020

Charge for year

12,583

85,264

36,405

382

134,634

Eliminated on disposal

-

(10,368

)

(8,714

)

-

(19,082

)

At 31 March 2025

26,766

135,514

117,085

1,207

280,572

Net book value

At 31 March 2025

99,066

717,014

81,940

666

898,686

At 31 March 2024

67,303

289,071

56,111

49

412,534

6.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

125,024

117,335

Other debtors

183,745

14,007

308,769

131,342

7.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Bank loans and overdrafts

5,909

5,909

Hire purchase contracts

187,939

59,404

Trade creditors

38,828

62,979

Taxation and social security

12,125

-

Other creditors

93,186

88,301

337,987

216,593

8.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans

1,934

8,040

Hire purchase contracts

499,411

175,462

Other creditors

20,778

21,111

522,123

204,613

9.	Secured debts

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

687,350

234,866

Hire purchase contracts are secured on the underlying assets.

10.	Provisions for liabilities

31/3/25

31/3/24

£

£

Deferred tax

110,997

51,893

Deferred

tax

£

Balance at 1 April 2024

51,893

Charge to Statement of Income and Retained Earnings during year

59,104

Balance at 31 March 2025

110,997

11.	Related party disclosures

A director has made loans to the company. The balance on these loans at 31 March 2025 was £77,574 (2024 - £79,307). These loans are interest free, unsecured and repayable on demand.