REGISTERED NUMBER: 00797767 (England and Wales)

A.E.DENNETT & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R E Dennett

Mrs K R Dennett-Melson

SECRETARY:

Mrs C E Dennett

REGISTERED OFFICE:

Boston Road

Spilsby

Lincolnshire

PE23 3HG

REGISTERED NUMBER:

00797767 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

127,892

127,627

Investments

6

3,296

3,296

131,188

130,923

CURRENT ASSETS

Inventories

31,236

23,851

Debtors

7,310

11,534

Cash at bank

1,305

10,570

39,851

45,955

CREDITORS

Amounts falling due within one year

47,148

34,592

NET CURRENT (LIABILITIES)/ASSETS

(7,297

)

11,363

TOTAL ASSETS LESS CURRENT LIABILITIES

123,891

142,286

CREDITORS

Amounts falling due after more than one year

150,000

150,000

NET LIABILITIES

(26,109

)

(7,714

)

CAPITAL AND RESERVES

Called up share capital

1,300

1,300

Revaluation reserve

7

98,716

98,716

Retained earnings

(126,125

)

(107,730

)

SHAREHOLDERS' FUNDS

(26,109

)

(7,714

)

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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:

R E Dennett - Director

1.	STATUTORY INFORMATION

A.E.Dennett & Son 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.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill represents the amount paid in connection with the acquisition of the business in 1964. Following a review by the directors in the year ended 31 March 2017, the first year under FRS 102, the estimated remaining useful life was revised to five years.

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.

Property, plant and equipment

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

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Farming implements

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equipment

-

15% on reducing balance

Depreciation has not been accounted for on freehold property on the basis that it would not be material, considering the level of the residual value currently estimated.

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow-moving items.

Taxation

Taxation for the year comprises current. 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 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.

Leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance lease are depreciated over their estimated useful lives or lease terms, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Research and development

The amounts are received in the following year into which the claim was made.

Investments

Unlisted investments are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,733

AMORTISATION

At 1 April 2024

and 31 March 2025

1,733

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2024

300,944

Additions

4,633

At 31 March 2025

305,577

DEPRECIATION

At 1 April 2024

173,317

Charge for year

4,368

At 31 March 2025

177,685

NET BOOK VALUE

At 31 March 2025

127,892

At 31 March 2024

127,627

If freehold property had not been revalued it would have been included at a historical cost of £12,255, with no depreciation provided for. The company elected to apply the election on transition to FRS 102 whereby a previous valuation, £105,000, may be used as deemed cost.

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

3,296

NET BOOK VALUE

At 31 March 2025

3,296

At 31 March 2024

3,296

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

98,716