Drewery and Wheeldon Auctioneers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09916245 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

DREWERY AND WHEELDON AUCTIONEERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K Taylor

Mr S Carrick

REGISTERED OFFICE:

Unitarian Chapel

Trinity Street

GAINSBOROUGH

Lincolnshire

DN21 1JD

REGISTERED NUMBER:

09916245 (England and Wales)

ACCOUNTANTS:

Shucksmith Accountants (Gainsborough) Limited

Orion House

28a Spital Terrace

GAINSBOROUGH

Lincolnshire

DN21 2HQ

FIXED ASSETS

Tangible assets

4

3,217

4,265

CURRENT ASSETS

Debtors

5

3,697

5,911

Cash at bank and in hand

34,238

23,891

37,935

29,802

CREDITORS

Amounts falling due within one year

6

30,825

22,179

NET CURRENT ASSETS

7,110

7,623

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,327

11,888

PROVISIONS FOR LIABILITIES

8

611

810

NET ASSETS

9,716

11,078

CAPITAL AND RESERVES

Called up share capital

9

510

Retained earnings

10

9,206

10,568

SHAREHOLDERS' FUNDS

9,716

11,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 20 July 2026 and were signed on its behalf by:

Mr S Carrick - Director

1.	STATUTORY INFORMATION

Drewery and Wheeldon Auctioneers 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.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2025

and 31 December 2025

5,400

481

5,881

DEPRECIATION

At 1 January 2025

1,500

116

1,616

Charge for year

975

73

1,048

At 31 December 2025

2,475

189

2,664

NET BOOK VALUE

At 31 December 2025

2,925

292

3,217

At 31 December 2024

3,900

365

4,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

3,000

5,028

Other debtors

628

Prepayments and accrued income

69

255

3,697

5,911

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

3,494

2,597

Tax

114

1,903

VAT

6,196

4,425

Other creditors

17,320

8,444

Directors' current accounts

2,700

3,963

Accruals and deferred income

1,001

847

30,825

22,179

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

Within one year

-

4,250

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

611

810

Deferred

tax

£

Balance at 1 January 2025

810

Accelerated capital allowances

(199

)

Balance at 31 December 2025

611

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

510

Ordinary

£1

510

10.

RESERVES

Retained

earnings

£

At 1 January 2025

10,568

Deficit for the year

(362

)

Dividends

(1,000

)

At 31 December 2025

9,206

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr S Carrick and Mrs K Taylor, directors and 50% shareholders, both charged the company £312 (2024 -£312) for use of home as office.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the directors .

At 31 December 2025 there was a balance owed by the company to Mr S Carrick, director and 50% shareholder, of £1,650 (2024 - £2,285) and to Mrs K Taylor, director and 50% shareholder, of £1050 ((2024 - £1,678). Both these balances have been shown in Creditors.

13.	ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the two directors who between them hold 100% of the issued share capital.