Dewco Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01180463 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DEWCO SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R J Dunn

Mrs C M Dunn

Ms C J Dunn

SECRETARY:

Ms C J Dunn

REGISTERED OFFICE:

Pilotclass Building Windmills

Dane End

Ware

Hertfordshire

SG12 0NA

REGISTERED NUMBER:

01180463 (England and Wales)

ACCOUNTANTS:

Gary J Cansick & Co

Chartered Accountants

Janelle House

6 Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,142,178

1,120,894

1,142,178

1,120,894

CURRENT ASSETS

Debtors

6

85,777

26,300

Cash at bank

54,000

75,320

139,777

101,620

CREDITORS

Amounts falling due within one year

7

102,900

82,293

NET CURRENT ASSETS

36,877

19,327

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,179,055

1,140,221

PROVISIONS FOR LIABILITIES

80,608

76,564

NET ASSETS

1,098,447

1,063,657

CAPITAL AND RESERVES

Called up share capital

8

100,000

Non distributable reserves

856,508

824,917

Retained earnings

141,939

138,740

SHAREHOLDERS' FUNDS

1,098,447

1,063,657

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 22 December 2025 and were signed on its behalf by:

Mrs C M Dunn - Director

1.	STATUTORY INFORMATION

Dewco Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,493

2,489

4,982

DEPRECIATION

At 1 April 2024

and 31 March 2025

2,493

2,489

4,982

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,120,894

Revaluations

21,284

At 31 March 2025

1,142,178

NET BOOK VALUE

At 31 March 2025

1,142,178

At 31 March 2024

1,120,894

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

983,847

Valuation in 2017

49,191

Valuation in 2018

(10,840

)

Valuation in 2019

(39,420

)

Valuation in 2020

10,302

Valuation in 2021

48,136

Valuation in 2022

77,150

Valuation in 2023

(15,189

)

Valuation in 2024

17,717

Valuation in 2025

21,284

1,142,178

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

205,063

Investment properties were valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

85,777

26,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

38,413

31,440

Taxation and social security

13,984

13,531

Other creditors

50,503

37,322

102,900

82,293

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100,000

Ordinary

£1

100,000

9.	CONTINGENT LIABILITIES

The total amount of contingencies not included at the balance sheet date is £32,946 (2024:£43.926). Part of the company's investment property is on a long term lease. The tenant expended a capital sum of £219,606 plus interest on improving the premises and the lease contains provisions for repayment of this expenditure on a reducing scale should the lease be terminated early through no fault of the tenant.

If this were to be triggered in the year commencing 1st April 2024 the company would be liable to pay the tenant £32,946 if occurring up to 26th September 2024, or £21,966 if occurring thereafter.

10.	RELATED PARTY DISCLOSURES

Pilotclass (Kero) Limited

A company controlled by R Dunn, a shareholder of the company.

The related party supplied services to the company during the period of £6,000 + VAT. The related party owed £59,477 (2024 £25,000), this amount being seen in other debtors, to the company at the balance sheet date. The loan is interest free and repayable on demand.

The related party was also owed £30,000 (2024:£30,000) by the company, this amount being seen in trade creditors.

Mr R J Dunn

A shareholder of the company.

The related party was owed £1,644 (2024 £984) by the company at the balances sheet date in respect of purchases incurred on the company's behalf.

Carole Dunn Alpha B Limited

A company controlled by C Dunn, a shareholder of the company.

The related party was owed £477 (2024:£692) by the company at the balance sheet date.

Ms C J Dunn

Secretary and shareholder of the company.

The related party was owed £Nil (2024 £Nil) to the company at the balance sheet date.

Mr G F Dunn

Father of Mr R Dunn, and former director

At the balance sheet date the related party was owed £4,750 (2024:£2,750) by the company.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Dunn and Mrs C M Dunn by virtue of their shareholding..