3 26/08/2022 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-08-26 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14319820 2022-08-26 2023-12-31 14319820 2023-12-31 14319820 2022-08-25 14319820 core:FurnitureFittingsToolsEquipment 2022-08-26 2023-12-31 14319820 core:MotorVehicles 2022-08-26 2023-12-31 14319820 bus:RegisteredOffice 2022-08-26 2023-12-31 14319820 bus:Director1 2022-08-26 2023-12-31 14319820 bus:Director2 2022-08-26 2023-12-31 14319820 core:WithinOneYear 2023-12-31 14319820 core:ShareCapital 2023-12-31 14319820 core:RetainedEarningsAccumulatedLosses 2023-12-31 14319820 bus:SmallEntities 2022-08-26 2023-12-31 14319820 bus:AuditExempt-NoAccountantsReport 2022-08-26 2023-12-31 14319820 bus:SmallCompaniesRegimeForAccounts 2022-08-26 2023-12-31 14319820 bus:PrivateLimitedCompanyLtd 2022-08-26 2023-12-31 14319820 bus:AbridgedAccounts 2022-08-26 2023-12-31
Company registration number: 14319820
D W Shopfitting Limited
Unaudited filleted abridged financial statements
31 December 2023
D W Shopfitting Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
D W Shopfitting Limited
Directors and other information
Director Mr D Wilcox (Appointed 26 August 2022)
Mr D Rolfe (Appointed 1 May 2023)
Company number 14319820
Registered office 60 Wayfarers Way
Swinton
Manchester
M27 5UZ
D W Shopfitting Limited
Abridged statement of financial position
31 December 2023
31/12/23
Note £ £
Fixed assets
Tangible assets 5 51,051
_______
51,051
Current assets
Debtors 87
Cash at bank and in hand 166,070
_______
166,157
Creditors: amounts falling due
within one year ( 47,936)
_______
Net current assets 118,221
_______
Total assets less current liabilities 169,272
_______
Net assets 169,272
_______
Capital and reserves
Called up share capital 100
Profit and loss account 169,172
_______
Shareholders funds 169,272
_______
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current period ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 15 April 2024 , and are signed on behalf of the board by:
Mr D Wilcox Mr D Rolfe
Director Director
D W Shopfitting Limited
Notes to the financial statements
Period ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60 Wayfarers Way, Swinton, Manchester, M27 5UZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3
5. Tangible assets
£
Cost
At 26 August 2022 -
Additions 53,323
_______
At 31 December 2023 53,323
_______
Depreciation
At 26 August 2022 -
Charge for the year 2,272
_______
At 31 December 2023 2,272
_______
Carrying amount
At 31 December 2023 51,051
_______
6. Controlling party
The company is controlled by D Wilcox, a director and shareholder.