IRIS Accounts Production v23.3.0.418 SC278769 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2787692022-02-28SC2787692023-02-28SC2787692022-03-012023-02-28SC2787692021-02-28SC2787692021-03-012022-02-28SC2787692022-02-28SC278769ns16:Scotland2022-03-012023-02-28SC278769ns15:PoundSterling2022-03-012023-02-28SC278769ns11:Director12022-03-012023-02-28SC278769ns11:PrivateLimitedCompanyLtd2022-03-012023-02-28SC278769ns11:SmallEntities2022-03-012023-02-28SC278769ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC278769ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28SC278769ns11:FullAccounts2022-03-012023-02-28SC278769ns11:OrdinaryShareClass12022-03-012023-02-28SC278769ns11:Director22022-03-012023-02-28SC278769ns11:Director32022-03-012023-02-28SC278769ns11:Director42022-03-012023-02-28SC278769ns11:RegisteredOffice2022-03-012023-02-28SC278769ns6:CurrentFinancialInstruments2023-02-28SC278769ns6:CurrentFinancialInstruments2022-02-28SC278769ns6:Non-currentFinancialInstruments2023-02-28SC278769ns6:Non-currentFinancialInstruments2022-02-28SC278769ns6:ShareCapital2023-02-28SC278769ns6:ShareCapital2022-02-28SC278769ns6:RetainedEarningsAccumulatedLosses2023-02-28SC278769ns6:RetainedEarningsAccumulatedLosses2022-02-28SC278769ns6:PlantMachinery2022-03-012023-02-28SC278769ns6:PlantMachinery2022-02-28SC278769ns6:PlantMachinery2023-02-28SC278769ns6:PlantMachinery2022-02-28SC278769ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28SC278769ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28SC278769ns11:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: SC278769 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

D R W LTD.

D R W LTD. (REGISTERED NUMBER: SC278769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R W LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: D White
R White
C White
K A Bell





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC278769 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

D R W LTD. (REGISTERED NUMBER: SC278769)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,415 18,790

CURRENT ASSETS
Stocks 37,471 25,705
Debtors 5 201,676 144,832
Cash at bank and in hand 56,993 41,400
296,140 211,937
CREDITORS
Amounts falling due within one year 6 229,488 134,532
NET CURRENT ASSETS 66,652 77,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,067

96,195

CREDITORS
Amounts falling due after more than one
year

7

(82,359

)

(32,261

)

PROVISIONS FOR LIABILITIES (17,853 ) -
NET ASSETS 56,855 63,934

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 56,755 63,834
SHAREHOLDERS' FUNDS 56,855 63,934

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.

D R W LTD. (REGISTERED NUMBER: SC278769)

BALANCE SHEET - continued
28 FEBRUARY 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 20 September 2023 and were signed on its behalf by:





D White - Director


D R W LTD. (REGISTERED NUMBER: SC278769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

D R W Ltd. 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.

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.
Plant and machinery etc - 33% on a straight line basis, 25% on a straight line basis, 20% on a reducing balance basis and 15% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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 21 (2022 - 14 ) .

D R W LTD. (REGISTERED NUMBER: SC278769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 102,293
Additions 88,236
Disposals (8,995 )
At 28 February 2023 181,534
DEPRECIATION
At 1 March 2022 83,503
Charge for year 16,610
Eliminated on disposal (8,994 )
At 28 February 2023 91,119
NET BOOK VALUE
At 28 February 2023 90,415
At 28 February 2022 18,790


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 183,515 132,739
Other debtors 18,161 12,093
201,676 144,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,316 9,317
Hire purchase contracts 15,666 2,703
Trade creditors 111,195 77,176
Taxation and social security 72,651 39,431
Other creditors 20,660 5,905
229,488 134,532

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,371 27,306
Hire purchase contracts 61,988 4,955
82,359 32,261

D R W LTD. (REGISTERED NUMBER: SC278769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100