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Registration number: 04304090

DE & K Lister & Son Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

DE & K Lister & Son Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

DE & K Lister & Son Limited

Company Information

Directors

Mrs CK Baldwin

Mr DJ Lister

Company secretary

Mr DJ Lister

Registered office

104 Parkway
Westhoughton
Bolton
Lancashire
BL5 2RZ

Accountants

EKWilliams Accountants Limited
1 Pavilion Square
Westhoughton
Bolton
BL5 3AJ

 

DE & K Lister & Son Limited

(Registration number: 04304090)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

94,566

85,927

Current assets

 

Stocks

6

2,500

2,500

Debtors

7

6,251

15,569

Cash at bank and in hand

 

29,338

20,276

 

38,089

38,345

Creditors: Amounts falling due within one year

8

(17,162)

(16,444)

Net current assets

 

20,927

21,901

Total assets less current liabilities

 

115,493

107,828

Provisions for liabilities

(3,581)

(1,421)

Net assets

 

111,912

106,407

Capital and reserves

 

Called up share capital

100

-

Revaluation reserve

-

100

Retained earnings

111,812

106,307

Shareholders' funds

 

111,912

106,407

 

DE & K Lister & Son Limited

(Registration number: 04304090)
Balance Sheet as at 30 September 2023

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2024 and signed on its behalf by:
 

.........................................
Mr DJ Lister
Company secretary and director

   
     
 

DE & K Lister & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
104 Parkway
Westhoughton
Bolton
Lancashire
BL5 2RZ

These financial statements were authorised for issue by the Board on 26 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

DE & K Lister & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Office equipment

20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

DE & K Lister & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2022

3,000

3,000

At 30 September 2023

3,000

3,000

Amortisation

At 1 October 2022

3,000

3,000

At 30 September 2023

3,000

3,000

Carrying amount

At 30 September 2023

-

-

 

DE & K Lister & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 October 2022

80,244

16,850

44,024

141,118

Additions

-

-

10,000

10,000

Disposals

-

-

(5,279)

(5,279)

At 30 September 2023

80,244

16,850

48,745

145,839

Depreciation

At 1 October 2022

-

16,850

38,341

55,191

Charge for the year

-

-

1,081

1,081

Eliminated on disposal

-

-

(4,999)

(4,999)

At 30 September 2023

-

16,850

34,423

51,273

Carrying amount

At 30 September 2023

80,244

-

14,322

94,566

At 30 September 2022

80,244

-

5,683

85,927

6

Stocks

2023
£

2022
£

Finished goods and goods for resale

2,500

2,500

7

Debtors

Current

2023
£

2022
£

Prepayments

1,124

1,065

Other debtors

5,127

14,504

 

6,251

15,569

 

DE & K Lister & Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

12,903

12,288

Accruals and deferred income

3,946

3,351

Other creditors

313

805

17,162

16,444