Registered number
09512647
DWP Stores Ltd
Unaudited Filleted Accounts
31 October 2023
DWP Stores Ltd
Registered number: 09512647
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,505 11,360
Current assets
Stocks 13,650 13,650
Debtors 4 3,580 7,925
Cash at bank and in hand 804 5,512
18,034 27,087
Creditors: amounts falling due within one year 5 (23,777) (25,299)
Net current (liabilities)/assets (5,743) 1,788
Total assets less current liabilities 2,762 13,148
Creditors: amounts falling due after more than one year 6 (54,365) (57,865)
Net liabilities (51,603) (44,717)
Capital and reserves
Called up share capital 100 100
Profit and loss account (51,703) (44,817)
Shareholders' funds (51,603) (44,717)
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 Craig Rogers
Director
Approved by the board on 11 March 2024
DWP Stores Ltd
Notes to the Accounts
for the year ended 31 October 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:
Fixtures, fittings, tools and equipment 25% straight line method
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Equipment etc
£
Cost
At 1 November 2022 35,254
At 31 October 2023 35,254
Depreciation
At 1 November 2022 23,894
Charge for the year 2,855
At 31 October 2023 26,749
Net book value
At 31 October 2023 8,505
At 31 October 2022 11,360
4 Debtors 2023 2022
£ £
Trade debtors 2,501 1,850
Other debtors 1,079 6,075
3,580 7,925
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 13,154 9,739
Trade creditors 8,035 5,756
Other taxes and social security costs 14 523
Other creditors 2,574 9,281
23,777 25,299
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,045 19,045
Obligations due to related third party 35,320 38,820
54,365 57,865
7 Related party transactions
At the balance sheet date - £35,320 was due to Mr David Porter.
8 Controlling party
At the balance sheet date, Mr Craig Rogers is the controlling party by virtue of his shareholding.
9 Other information
DWP Stores Ltd is a private company limited by shares and incorporated in England. Its registered office is:
385 Chester Road
Little Sutton
Ellesmere Port
Cheshire
CH66 3RQ
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