Company No: 05755949 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C Kirby
	J Kirby

SECRETARY

J Kirby

REGISTERED OFFICE	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT
	United Kingdom

COMPANY NUMBER

05755949 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	29.03.2025		29.03.2024
		£		£
Fixed assets
Tangible assets	3	74,914		67,021
		74,914		67,021
Current assets
Stocks		10,280		18,388
Debtors	4	167,057		60,561
Cash at bank and in hand	5	80,287		85,740
		257,624		164,689
Creditors: amounts falling due within one year	6	( 217,024)		( 190,216)
Net current assets/(liabilities)		40,600		(25,527)
Total assets less current liabilities		115,514		41,494
Creditors: amounts falling due after more than one year	7	( 9,261)		( 19,990)
Provision for liabilities	8	( 3,069)		( 3,898)
Net assets		103,184		17,606
Capital and reserves
Called-up share capital	9	1,000		1,000
Profit and loss account		102,184		16,606
Total shareholders' funds		103,184		17,606

For the financial year ending 29 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Dovetail Workers in Wood Limited (registered number: 05755949) were approved and authorised for issue by the Board of Directors on 23 December 2025. They were signed on its behalf by:

J Kirby Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dovetail Workers in Wood Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom. The registered number is 05755949.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	4 years straight line
Office equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	29.03.2025		29.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		10

3. Tangible assets

	Land and buildings		Plant and machinery		Office equipment		Total
	£		£		£		£
Cost
At 30 March 2024	83,511		69,112		37,179		189,802
Additions	19,457		4,187		0		23,644
At 29 March 2025	102,968		73,299		37,179		213,446
Accumulated depreciation
At 30 March 2024	33,189		53,707		35,885		122,781
Charge for the financial year	8,224		6,791		736		15,751
At 29 March 2025	41,413		60,498		36,621		138,532
Net book value
At 29 March 2025	61,555		12,801		558		74,914
At 29 March 2024	50,322		15,405		1,294		67,021

4. Debtors

	29.03.2025		29.03.2024
	£		£
Trade debtors	159,905		49,808
Prepayments and accrued income	4,528		1,055
CIS suffered	2,124		3,450
Other debtors	500		6,248
	167,057		60,561

5. Cash and cash equivalents

	29.03.2025		29.03.2024
	£		£
Cash at bank and in hand	80,287		85,740

6. Creditors: amounts falling due within one year

	29.03.2025		29.03.2024
	£		£
Bank loans	10,648		9,928
Trade creditors	22,849		14,717
Amounts owed to directors	73,253		87,707
Accruals and deferred income	43,040		47,242
Corporation tax	35,538		17,424
Other taxation and social security	27,102		8,169
Other creditors	4,594		5,029
	217,024		190,216

7. Creditors: amounts falling due after more than one year

	29.03.2025		29.03.2024
	£		£
Bank loans	9,261		19,990

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	29.03.2025		29.03.2024
	£		£
At the beginning of financial year	( 3,898)		( 3,014)
Credited/(charged) to the Statement of Income and Retained Earnings	829		( 884)
At the end of financial year	( 3,069)		( 3,898)

The deferred taxation balance is made up as follows:

	29.03.2025		29.03.2024
	£		£
Accelerated capital allowances	( 3,342)		( 4,175)
Other timing differences	273		277
	( 3,069)		( 3,898)

9. Called-up share capital

	29.03.2025		29.03.2024
	£		£
Allotted, called-up and fully-paid
200 A Ordinary shares of £ 1.00 each	200		200
800 Ordinary shares of £ 1.00 each	800		800
	1,000		1,000

10. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,501 (2024 - £12,201). Contributions totalling £2,377 (2024 - £2,342) were payable to the fund at the reporting date and are included in creditors.