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REGISTERED NUMBER: 01270092 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

J. De Walleg Limited

J. De Walleg Limited (Registered number: 01270092)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

J. De Walleg Limited

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: Mr J N Whaley
Mrs A Whaley
Mr A Richardson
Ms M A Whaley





SECRETARY: Mrs A Whaley





REGISTERED OFFICE: Unit 1 Anglo Business Park
Smeaton Close
Aylesbury
Buckinghamshire
HP19 8UP





REGISTERED NUMBER: 01270092 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

J. De Walleg Limited (Registered number: 01270092)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 163,907 210,898

CURRENT ASSETS
Stocks 5 248,836 232,742
Debtors 6 452,267 516,999
Cash at bank and in hand 49,134 42,528
750,237 792,269
CREDITORS
Amounts falling due within one year 7 (515,437 ) (502,681 )
NET CURRENT ASSETS 234,800 289,588
TOTAL ASSETS LESS CURRENT LIABILITIES 398,707 500,486

CREDITORS
Amounts falling due after more than one year 8 (151,312 ) (216,945 )

PROVISIONS FOR LIABILITIES (30,161 ) (34,025 )
NET ASSETS 217,234 249,516

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 217,134 249,416
SHAREHOLDERS' FUNDS 217,234 249,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 9 October 2023 and were signed on its behalf by:





Mr J N Whaley - Director


J. De Walleg Limited (Registered number: 01270092)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

J. De Walleg Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other wholly owned subsidiaries and its holding company.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 1,054,010 166,112 152,240 69,359 1,441,721
Additions 940 10,498 - 1,452 12,890
At 28 February 2023 1,054,950 176,610 152,240 70,811 1,454,611
DEPRECIATION
At 1 March 2022 954,152 159,010 59,622 58,039 1,230,823
Charge for year 25,199 4,354 18,524 11,804 59,881
At 28 February 2023 979,351 163,364 78,146 69,843 1,290,704
NET BOOK VALUE
At 28 February 2023 75,599 13,246 74,094 968 163,907
At 28 February 2022 99,858 7,102 92,618 11,320 210,898

J. De Walleg Limited (Registered number: 01270092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 10,500 152,240 162,740
DEPRECIATION
At 1 March 2022 8,632 59,622 68,254
Charge for year 467 18,524 18,991
At 28 February 2023 9,099 78,146 87,245
NET BOOK VALUE
At 28 February 2023 1,401 74,094 75,495
At 28 February 2022 1,868 92,618 94,486

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 248,836 232,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 209,537 263,270
Other debtors 242,730 253,729
452,267 516,999

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 137,577 122,515
Hire purchase contracts 28,038 28,039
Trade creditors 151,070 147,584
Amounts owed to group undertakings 95,298 95,298
Taxation and social security 68,565 75,565
Other creditors 34,889 33,680
515,437 502,681

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 129,833 167,417
Hire purchase contracts 21,479 49,528
151,312 216,945

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,417

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

J. De Walleg Limited (Registered number: 01270092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr J N Whaley
Balance outstanding at start of year 172,071 180,529
Amounts repaid (1,611 ) (8,458 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 170,460 172,071

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J N Whaley.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J. DE WALLEG LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. De Walleg Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J. De Walleg Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. De Walleg Limited and state those matters that we have agreed to state to the Board of Directors of J. De Walleg Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. De Walleg Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J. De Walleg Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J. De Walleg Limited. You consider that J. De Walleg Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J. De Walleg Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ


9 October 2023