Registered number
05657786
DWD Enviroclean Industrial Services Limited
Filleted Accounts
31 August 2023
DWD Enviroclean Industrial Services Limited
Registered number: 05657786
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 218,594 197,636
Current assets
Stocks 1,520 1,035
Debtors 4 714,390 300,588
Cash at bank and in hand 389,024 191,990
1,104,934 493,613
Creditors: amounts falling due within one year 5 (566,709) (172,030)
Net current assets 538,225 321,583
Total assets less current liabilities 756,819 519,219
Creditors: amounts falling due after more than one year 6 (23,300) (37,927)
Net assets 733,519 481,292
Capital and reserves
Called up share capital 2 2
Profit and loss account 733,517 481,290
Shareholders' funds 733,519 481,292
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D W Donworth
Director
Approved by the board on 14 December 2023
DWD Enviroclean Industrial Services Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Motor vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2022 172,812 17,251 99,791 289,854
Additions - 38,521 - 38,521
Disposals - (10,000) - (10,000)
At 31 August 2023 172,812 45,772 99,791 318,375
Depreciation
At 1 September 2022 - 15,419 76,799 92,218
Charge for the year - 10,302 7,261 17,563
On disposals - (10,000) - (10,000)
At 31 August 2023 - 15,721 84,060 99,781
Net book value
At 31 August 2023 172,812 30,051 15,731 218,594
At 31 August 2022 172,812 1,832 22,992 197,636
4 Debtors 2023 2022
£ £
Trade debtors 575,930 235,819
Other debtors 138,460 64,769
714,390 300,588
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,033 10,033
Obligations under finance lease and hire purchase contracts 4,593 4,593
Trade creditors 411,795 34,808
Taxation and social security costs 87,234 99,940
Other creditors 53,054 22,656
566,709 172,030
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,558 27,592
Obligations under finance lease and hire purchase contracts 5,742 10,335
23,300 37,927
7 Other information
DWD Enviroclean Industrial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Latimer Street
Romsey
Hampshire
SO51 8DF
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