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REGISTERED NUMBER: 01845419 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023

FOR

D.S. WILLETTS (STAINLESS) LIMITED

D.S. WILLETTS (STAINLESS) LIMITED (REGISTERED NUMBER: 01845419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.S. WILLETTS (STAINLESS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023







DIRECTORS: A P Adams
D C Bradley





REGISTERED OFFICE: Murdoch Road
Bilston
West Midlands
WV14 7HG





REGISTERED NUMBER: 01845419 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

D.S. WILLETTS (STAINLESS) LIMITED (REGISTERED NUMBER: 01845419)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,369 92,969

CURRENT ASSETS
Stocks 173,965 213,897
Debtors 5 2,014,941 501,148
Cash at bank and in hand 46,053 591,296
2,234,959 1,306,341
CREDITORS
Amounts falling due within one year 6 329,066 313,625
NET CURRENT ASSETS 1,905,893 992,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,931,262

1,085,685

PROVISIONS FOR LIABILITIES 2,920 -
NET ASSETS 1,928,342 1,085,685

CAPITAL AND RESERVES
Called up share capital 47,500 47,500
Capital redemption reserve 2,500 2,500
Retained earnings 1,878,342 1,035,685
1,928,342 1,085,685

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.S. WILLETTS (STAINLESS) LIMITED (REGISTERED NUMBER: 01845419)

BALANCE SHEET - continued
31 AUGUST 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 10 January 2024 and were signed on its behalf by:





A P Adams - Director


D.S. WILLETTS (STAINLESS) LIMITED (REGISTERED NUMBER: 01845419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

D.s. Willetts (Stainless) 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 (£).


The financial statements are rounded to the nearest £.

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.
Land and buildings - 10% on cost and Straight line over 40 years
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

D.S. WILLETTS (STAINLESS) LIMITED (REGISTERED NUMBER: 01845419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 193,623 650,242 843,865
Additions - 5,237 5,237
Disposals (193,623 ) (26,700 ) (220,323 )
At 31 August 2023 - 628,779 628,779
DEPRECIATION
At 1 April 2022 133,615 617,281 750,896
Charge for period 8,824 12,829 21,653
Eliminated on disposal (142,439 ) (26,700 ) (169,139 )
At 31 August 2023 - 603,410 603,410
NET BOOK VALUE
At 31 August 2023 - 25,369 25,369
At 31 March 2022 60,008 32,961 92,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 381,496 483,624
Amounts owed by group undertakings 1,602,298 -
Other debtors 31,147 17,524
2,014,941 501,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 150,244 244,521
Amounts owed to group undertakings 39,311 -
Taxation and social security 128,273 69,104
Other creditors 11,238 -
329,066 313,625