Registration number: 02595679

Dodman Ltd

Contents

Company Information	1
Statement of financial position	2 to 3
Notes to the Unaudited Financial Statements	4 to 12

Dodman Ltd

Company Information

Directors

Mrs MA Skerritt Mrs SM Skerritt Mr TF Skerritt Mr AF Skerritt

Registered office

Hamburg Way North Lynn Industrial Estate King's Lynn Norfolk PE30 2ND

Accountants

Hayhow & Co Chartered Certified Accountants & Business AdvisersUnit 21 Horsley's Fields Kings Lynn Norfolk PE30 5DD

Dodman Ltd

(Registration number: 02595679)
Statement of financial position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	1,071,687	1,179,971
Investment property	6	250,000	250,000
		1,321,687	1,429,971
Current assets
Stocks	7	350,142	238,449
Debtors	8	1,832,728	1,652,384
Cash at bank and in hand		1,988,688	1,213,101
		4,171,558	3,103,934
Creditors: Amounts falling due within one year	9	(1,409,795)	(834,849)
Net current assets		2,761,763	2,269,085
Total assets less current liabilities		4,083,450	3,699,056
Creditors: Amounts falling due after more than one year	9	-	(125,000)
Provisions for liabilities		(228,004)	(243,600)
Net assets		3,855,446	3,330,456
Capital and reserves
Called up share capital	10	2,000	2,000
Retained earnings		3,853,446	3,328,456
Shareholders' funds		3,855,446	3,330,456

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 28 August 2026 and signed on its behalf by:
 

Dodman Ltd

(Registration number: 02595679)
Statement of financial position as at 31 March 2026

......................................... Mr TF Skerritt Director

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hamburg Way
North Lynn Industrial Estate
King's Lynn
Norfolk
PE30 2ND

These financial statements were authorised for issue by the Board on 28 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Straightline
Freehold Property	2% Straightline
Small Tools	25% Straightline
Fixtures, fittings and equipment	25% Straightline
Plant and Machinery	25% Straightline

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	10% Straightline

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 76 (2025 - 63).

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 April 2025	888	888
At 31 March 2026	888	888
Amortisation
At 1 April 2025	888	888
At 31 March 2026	888	888
Carrying amount
At 31 March 2026	-	-

The aggregate amount of research and development expenditure recognised as an expense during the period is £10,618 (2025 - £5,581).

There is additional research and development expenditure totalling £711,558 recognised as an expense within wages, consumables and sub contract labour.

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	787,308	1,159,494	155,880	2,102,682
Additions	6,255	50,239	31,751	88,245
Disposals	-	(37,364)	(36,125)	(73,489)
At 31 March 2026	793,563	1,172,369	151,506	2,117,438
Depreciation
At 1 April 2025	370,054	485,720	66,937	922,711
Charge for the year	19,691	142,268	34,569	196,528
Eliminated on disposal	-	(37,363)	(36,125)	(73,488)
At 31 March 2026	389,745	590,625	65,381	1,045,751
Carrying amount
At 31 March 2026	403,818	581,744	86,125	1,071,687
At 31 March 2025	417,254	673,774	88,943	1,179,971

Included within the net book value of land and buildings above is £403,818 (2025 - £417,254) in respect of freehold land and buildings.
 

6	Investment properties

	2026 £
At 1 April	250,000
At 31 March	250,000

There has been no valuation of investment property by an independent valuer. The directors of the company confirm there has been no change in the value of the investment property during the year, therefore no revaluation is required.

7

Stocks

	2026 £	2025 £
Work in progress	350,142	238,449

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8

debtors

	2026 £	2025 £
Trade debtors	1,587,383	1,467,511
Prepayments	154,341	147,445
Other debtors	91,004	37,428
	1,832,728	1,652,384

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		-	100,000
Trade creditors		723,937	301,163
Social security and other taxes		293,897	322,027
Other payables		49,755	36,191
Accruals		81,452	75,468
Tax liability		9,725	-
Gross amount due to customers for contract work		251,029	-
		1,409,795	834,849
Due after one year
Loans and borrowings		-	125,000

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		-	125,000

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	501	501	501	501
Ordinary B of £1 each	500	500	500	500
Ordinary C of £1 each	500	500	500	500
Ordinary D of £1 each	499	499	499	499
	2,000	2,000	2,000	2,000

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

11	Related party transactions

Dodman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Summary of transactions with all entities with joint control or significant interest

Dodfrey Engineering A Skerritt and S Skerritt are shareholders

Summary of transactions with other related parties

Dodman Retirement Benefit Scheme Three of the directors of the company are trustees

Loans to related parties

2026	Entities with joint control or significant influence £	Total £
At start of period	30,000	30,000
Advanced	50,833	50,833
At end of period	80,833	80,833

2025	Entities with joint control or significant influence £	Total £
At start of period	50,000	50,000
Repaid	(20,000)	(20,000)
At end of period	30,000	30,000