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REGISTERED NUMBER: 04685321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

D W REFRIGERATION LIMITED

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D W REFRIGERATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: D J Whitcombe





SECRETARY: A Whitcombe





REGISTERED OFFICE: 82 Severn Road
Canton
Cardiff
CF11 9EA





REGISTERED NUMBER: 04685321 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,081 7,079

CURRENT ASSETS
Debtors 5 385,011 196,882

CREDITORS
Amounts falling due within one year 6 245,701 131,247
NET CURRENT ASSETS 139,310 65,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,391

72,714

CREDITORS
Amounts falling due after more than one
year

7

(21,652

)

(31,867

)

PROVISIONS FOR LIABILITIES (965 ) (1,162 )
NET ASSETS 121,774 39,685

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 121,770 39,681
SHAREHOLDERS' FUNDS 121,774 39,685

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 25 October 2023 and were signed by:





D J Whitcombe - Director


D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

D W Refrigeration 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.

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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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.

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 pays into a personal pension scheme of the directors. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 9,992 47,648 57,640
DEPRECIATION
At 1 April 2022 2,913 47,648 50,561
Charge for year 1,998 - 1,998
At 31 March 2023 4,911 47,648 52,559
NET BOOK VALUE
At 31 March 2023 5,081 - 5,081
At 31 March 2022 7,079 - 7,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 356,170 166,970
Other debtors 11,487 13,467
Directors' current accounts 17,354 11,406
Tax - 5,039
385,011 196,882

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,090 48,954
Trade creditors 120,017 26,223
Tax 13,017 -
Social security and other taxes 7,711 -
VAT 63,037 44,033
Other creditors 1,973 1,103
Credit card 9,865 4,174
Accruals and deferred income 7,991 6,760
245,701 131,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 21,652 31,867

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D J Whitcombe
Balance outstanding at start of year 11,406 5,647
Amounts advanced 17,354 11,406
Amounts repaid (11,406 ) (5,647 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,354 11,406

The loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £11,487 owed by a shareholder. Interest has been charged on the loan and the loan is repayable on demand.