G. C. Dewey & Son Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00826542

G. C. Dewey & Son Limited

Filleted Unaudited Financial Statements

31 October 2025

G. C. Dewey & Son Limited

Financial Statements

Year ended 31 October 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

G. C. Dewey & Son Limited

Balance Sheet

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,001	2,578

Current assets

Stocks		17,081	18,194
Debtors	6	10,289	6,097
Cash at bank and in hand		12,399	30,193
		--------	--------
		39,769	54,484

Creditors: amounts falling due within one year	7	13,122	12,198
		--------	--------
Net current assets		26,647	42,286
		--------	--------
Total assets less current liabilities		28,648	44,864

Creditors: amounts falling due after more than one year	8	19,728	25,424
		--------	--------
Net assets		8,920	19,440
		--------	--------

Capital and reserves

Called up share capital	5,000	5,000
Profit and loss account	3,920	14,440
	-------	--------
Shareholders funds	8,920	19,440
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

G. C. Dewey & Son Limited

Balance Sheet (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

Mr N M Dewey
Director

Company registration number: 00826542

G. C. Dewey & Son Limited

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales registration number 00826542 . The address of the registered office is 29 King Street, Newcastle Under Lyme, Staffordshire, ST5 1JE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales (exclusive of VAT) of goods and services provided in the normal course of business. Revenue is recognised when goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	15% reducing balance
Fixtures, Fittings and Equipment	-	15% reducing balance and 20% on cost
Motor Vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost represents the last purchase price for the stock. Net realisable value is the estimated proceeds from the sale of stock items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal values. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and cash in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value. Loans Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 November 2024 and 31 October 2025	1,096	22,392	23,488
	-------	--------	--------
Depreciation
At 1 November 2024	423	20,487	20,910
Charge for the year	101	476	577
	-------	--------	--------
At 31 October 2025	524	20,963	21,487
	-------	--------	--------
Carrying amount
At 31 October 2025	572	1,429	2,001
	-------	--------	--------
At 31 October 2024	673	1,905	2,578
	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	4,878	2,781
Other debtors	5,411	3,316
	--------	-------
	10,289	6,097
	--------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,735	5,595
Trade creditors	3,407	2,721
Social security and other taxes	249	226
Other creditors	3,731	3,656
	--------	--------
	13,122	12,198
	--------	--------

Lloyds Bank Plc hold a fixed and floating charge over the undertaking and all property and assets present and future of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	19,728	25,424
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £1,594) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.