REGISTERED NUMBER: 03368195 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mike Dowson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K M Dowson

Mr R Dowson

SECRETARY:

Mrs E L Dowson

REGISTERED OFFICE:

Lumley House

Danby

Whitby

North Yorkshire

YO21 2NH

REGISTERED NUMBER:

03368195 (England and Wales)

ACCOUNTANTS:

Wasley Chapman LLP

Chartered Accountants

5 Bobbies Bank

Whitby

North Yorkshire

YO21 1EF

FIXED ASSETS

Tangible assets

4

532,307

461,372

CURRENT ASSETS

Stocks

123,769

206,676

Debtors

5

148,714

81,210

Cash at bank

351,448

286,552

623,931

574,438

CREDITORS

Amounts falling due within one year

6

198,014

174,031

NET CURRENT ASSETS

425,917

400,407

TOTAL ASSETS LESS CURRENT LIABILITIES

958,224

861,779

CREDITORS

Amounts falling due after more than one year

7

-

(4,641

)

PROVISIONS FOR LIABILITIES

(115,343

)

(115,343

)

NET ASSETS

842,881

741,795

CAPITAL AND RESERVES

Called up share capital

3

2

Retained earnings

842,878

741,793

SHAREHOLDERS' FUNDS

842,881

741,795

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr K M Dowson - Director

1.	STATUTORY INFORMATION

Mike Dowson Limited 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.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Storage

Plant and

property

building

machinery

£

£

£

COST

At 1 April 2024

4,966

44,621

1,271,960

Additions

-

-

114,823

Disposals

-

-

(17,500

)

At 31 March 2025

4,966

44,621

1,369,283

DEPRECIATION

At 1 April 2024

-

36,409

885,166

Charge for year

-

821

63,362

Eliminated on disposal

-

-

(9,735

)

At 31 March 2025

-

37,230

938,793

NET BOOK VALUE

At 31 March 2025

4,966

7,391

430,490

At 31 March 2024

4,966

8,212

386,794

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

70,408

10,234

1,402,189

Additions

51,439

-

166,262

Disposals

-

-

(17,500

)

At 31 March 2025

121,847

10,234

1,550,951

DEPRECIATION

At 1 April 2024

11,007

8,235

940,817

Charge for year

22,879

500

87,562

Eliminated on disposal

-

-

(9,735

)

At 31 March 2025

33,886

8,735

1,018,644

NET BOOK VALUE

At 31 March 2025

87,961

1,499

532,307

At 31 March 2024

59,401

1,999

461,372

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,667

12,856

Other debtors

49,047

68,354

148,714

81,210

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,652

10,885

Trade creditors

43,552

22,779

Taxation and social security

96,649

72,679

Other creditors

53,161

67,688

198,014

174,031

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

4,641