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Company Registration No. 03850827 (England and Wales)
David Wells Organ Builders Limited Unaudited accounts for the year ended 31 December 2021
David Wells Organ Builders Limited Unaudited accounts Contents
Page
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David Wells Organ Builders Limited Company Information for the year ended 31 December 2021
Director
David Harvey Wells
Company Number
03850827 (England and Wales)
Registered Office
CATHEDRAL WORKS 52 WESTMINSTER ROAD KIRKDALE LIVERPOOL L4 4LT
Accountants
HER Accountants Ltd 3 Desford Road Liverpool L19 3RB
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David Wells Organ Builders Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,740 
25,925 
Current assets
Inventories
57,994 
44,435 
Debtors
16,677 
15,899 
Cash at bank and in hand
102,620 
146,630 
177,291 
206,964 
Creditors: amounts falling due within one year
(34,291)
(48,469)
Net current assets
143,000 
158,495 
Total assets less current liabilities
163,740 
184,420 
Provisions for liabilities
Deferred tax
(3,806)
(5,090)
Net assets
159,934 
179,330 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
159,932 
179,328 
Shareholders' funds
159,934 
179,330 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2022 and were signed on its behalf by
David Harvey Wells Director Company Registration No. 03850827
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David Wells Organ Builders Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
David Wells Organ Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 03850827. The registered office is CATHEDRAL WORKS, 52 WESTMINSTER ROAD, KIRKDALE, LIVERPOOL, L4 4LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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David Wells Organ Builders Limited Notes to the Accounts for the year ended 31 December 2021
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
6,674 
65,931 
51,010 
123,615 
At 31 December 2021
6,674 
65,931 
51,010 
123,615 
Depreciation
At 1 January 2021
6,301 
42,725 
48,664 
97,690 
Charge for the year
75 
4,641 
469 
5,185 
At 31 December 2021
6,376 
47,366 
49,133 
102,875 
Net book value
At 31 December 2021
298 
18,565 
1,877 
20,740 
At 31 December 2020
373 
23,206 
2,346 
25,925 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
14,820 
14,042 
Other debtors
1,857 
1,857 
16,677 
15,899 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
17,758 
11,329 
Trade creditors
3,412 
(747)
Taxes and social security
1,066 
8,053 
Other creditors
- 
1,000 
Deferred income
12,055 
28,834 
34,291 
48,469 
7
Transactions with related parties
The director received a salary of £6,220 during the year (2020: £8,480)
8
Average number of employees
During the year the average number of employees was 9 (2020: 9).
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