N Dew Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10435045

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		595		720
Tangible Assets	5		465,648		488,287

			466,243		489,007
CURRENT ASSETS
Stocks	6	8,000		5,000
Debtors	7	132,182		133,868
Cash at bank and in hand		152,182		120,827

		292,364		259,695
Creditors: Amounts Falling Due Within One Year	8	(299,343 )		(294,167 )

NET CURRENT ASSETS (LIABILITIES)			(6,979 )		(34,472 )

TOTAL ASSETS LESS CURRENT LIABILITIES			459,264		454,535

Creditors: Amounts Falling Due After More Than One Year	9		(309,148 )		(377,171 )

NET ASSETS			150,116		77,364

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			150,016		77,264

SHAREHOLDERS' FUNDS			150,116		77,364

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N Dew Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nathan Dew

Director

30th July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

N Dew Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10435045 . The registered office is Pyramid House, St. Augustines Business Park, Estuary Close, Whitstable, CT5 2QJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover represents amounts receivable for MOT testing, vehicle repairs, servicing, parts and tyres, net of VAT and discounts.

Income is recognised when the work has been completed or the goods have been supplied to the customer.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are private registration plates. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	50 years, straight line excluding land
Plant & Machinery	25% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	35% straight line
Computer Equipment	25% - 35% straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value.

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N Dew Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 6)

4. Intangible Assets

	Other
	£
Cost
As at 1 November 2024	1,250

As at 31 October 2025	1,250

Amortisation
As at 1 November 2024	530
Provided during the period	125

As at 31 October 2025	655

Net Book Value
As at 31 October 2025	595

As at 1 November 2024	720

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 November 2024	413,785	140,614	44,557	2,446
Additions	-	4,753	-	1,750
Disposals	-	-	(16,458 )	-

As at 31 October 2025	413,785	145,367	28,099	4,196

Depreciation
As at 1 November 2024	6,276	81,694	23,652	1,507
Provided during the period	-	22,528	2,444	614
Disposals	-	-	(12,115 )	-

As at 31 October 2025	6,276	104,222	13,981	2,121

...CONTINUED

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N Dew Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	407,509	41,145	14,118	2,075

As at 1 November 2024	407,509	58,920	20,905	939


	Computer Equipment	Total
	£	£
Cost
As at 1 November 2024	1,408	602,810
Additions	975	7,478
Disposals	-	(16,458 )

As at 31 October 2025	2,383	593,830

Depreciation
As at 1 November 2024	1,394	114,523
Provided during the period	188	25,774
Disposals	-	(12,115 )

As at 31 October 2025	1,582	128,182

Net Book Value
As at 31 October 2025	801	465,648

As at 1 November 2024	14	488,287

6. Stocks

	2025	2024
	£	£
Stock	8,000	5,000

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,712	36,868
Amounts owed by participating interests	91,000	-
Other debtors	20,470	5,752

	132,182	42,620
Due after more than one year
Other debtors	-	91,248

	132,182	133,868

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N Dew Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	14,633	12,713
Trade creditors	9,788	7,790
Bank loans and overdrafts	44,389	25,164
Other creditors	138,721	134,060
Taxation and social security	91,812	114,440

	299,343	294,167

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,655	43,287
Bank loans	280,493	333,884

	309,148	377,171

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	14,633	12,713
Later than five years	28,655	43,287

	43,288	56,000

	43,288	56,000

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Related Party Transactions

Related party transactions

During the year, the company entered into the following related party transactions, all of which were interest free and repayable on demand.

The balance owing to Nathan Dew, a director, at the year end was £136,160 (2024: £134,068).

The company had loans receivable from GMM Kent Ltd of £90,000 (2024: £90,000) and GLMCD Ltd of £1,000 (2024: £nil). Both companies are related through common ownership and control.

13. Transition to FRS 102

During the year, the company adopted FRS 102 having previously prepared its financial statements under FRS 105.

As part of the transition, the directors reviewed the accounting policies applied to freehold property and concluded that depreciation should be recognised on the building element over its estimated useful economic life.

The comparative information has therefore been restated to recognise depreciation of £6,276 in the comparative period. This has reduced profit after taxation for the year ended 31 October 2024 and reduced shareholders’ funds at 31 October 2024 by £6,276.

The adjustment arises from the adoption of FRS 102 and does not represent the correction of a prior period error.

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