D Unwin Limited


FINANCIAL STATEMENTS


for the year ended 31st July 2023



D Unwin Limited

CONTENTS

for the year ended 31st July 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

D Unwin Limited

Company No. 07534473

STATEMENT OF FINANCIAL POSITION

as at 31st July 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment4807321920
807321920
CURRENT ASSETS
Stocks59881093140
Debtors64326546878
Cash at bank and in hand7486748879
216942188897
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7134950138153
NET CURRENT ASSETS8199250744
TOTAL ASSETS LESS CURRENT LIABILITIES9006572664
 
Creditors: amounts falling due
after more than one year--
 
NET ASSETS9006572664
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings9006372662
SHAREHOLDERS FUNDS9006572664

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st July 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 20 February 2024


D Unwin

Director

Company Number 07534473 (England)

D Unwin Limited

NOTES TO THE ACCOUNTS

for the year ended 31st July 2023


1   Statutory information

D Unwin Limited is a private company limited by shares and registered under company number 07534473 in England. Its registered office address is 14, Ellingham Leas, Maidstone, Kent, ME15 9AQ.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles20-25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3   Employee information

The average number of employees during the accounting period was 1 (2022 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st August 2022 104615120161489118120
Disposals(46781)--(46781)
At 31st July 20235783412016148971339
 
Depreciation
At 1st August 2022 8436110499134096200
Charge for year1660379372076
On disposals(35010)--(35010)
At 31st July 20235101110878137763266
 
Net Book Value
At 31st July 2023682311381128073
At 31st July 202220254151714921920

5   Stocks20232022
££
 
Finished goods and goods for resale9881093140
9881093140

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20232022
££
 
Trade Debtors4326546878
4326546878

7   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts-803
Trade Creditors1255822873
Corporation tax182029798
Taxes and social security costs55785998
Other creditors9861298681
134950138153

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20232022
££
 
D Unwin8670286846
8670286846

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