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REGISTERED NUMBER: SC142689 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

D. Welsh Builders Limited

D. Welsh Builders Limited (Registered number: SC142689)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. Welsh Builders Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Ms Frances Gillian Paton
Ms Susan Henderson Welsh
Mr Duncan James Welsh





REGISTERED OFFICE: 1 Neilston Road
Uplawmoor
East Renfrewshire
Glasgow
G78 4AB





REGISTERED NUMBER: SC142689 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Unit 1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

D. Welsh Builders Limited (Registered number: SC142689)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,398 144,133

CURRENT ASSETS
Stocks 30,994 41,501
Debtors 5 9,175 25,280
Cash at bank and in hand 375,068 601,612
415,237 668,393
CREDITORS
Amounts falling due within one year 6 203,105 250,203
NET CURRENT ASSETS 212,132 418,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,530

562,323

PROVISIONS FOR LIABILITIES 19,699 24,333
NET ASSETS 316,831 537,990

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 286,831 507,990
316,831 537,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

D. Welsh Builders Limited (Registered number: SC142689)

Balance Sheet - continued
31 July 2023


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 18 October 2023 and were signed on its behalf by:





Mr Duncan James Welsh - Director


D. Welsh Builders Limited (Registered number: SC142689)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

D. Welsh Builders Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

D. Welsh Builders Limited (Registered number: SC142689)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
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 8 (2022 - 11 ) .

D. Welsh Builders Limited (Registered number: SC142689)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 60,000 40,783 22,639 277,574 400,996
Additions - 500 1,025 28,970 30,495
Disposals - - - (66,402 ) (66,402 )
At 31 July 2023 60,000 41,283 23,664 240,142 365,089
DEPRECIATION
At 1 August 2022 13,198 38,936 20,343 184,386 256,863
Charge for year 1,200 1,093 774 38,864 41,931
Eliminated on disposal - - - (58,103 ) (58,103 )
At 31 July 2023 14,398 40,029 21,117 165,147 240,691
NET BOOK VALUE
At 31 July 2023 45,602 1,254 2,547 74,995 124,398
At 31 July 2022 46,802 1,847 2,296 93,188 144,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 7,968 24,073
Prepayments and accrued income 1,207 1,207
9,175 25,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 66,831 129,161
Corporation tax 38,545 43,527
Social security and other taxes 6,547 8,714
VAT 39,365 22,643
Other creditors 2,144 2,105
Accrued expenses 49,673 44,053
203,105 250,203