Registered number
03674393
DJ Waring Limited
Filleted Accounts
30 November 2023
DJ Waring Limited
Registered number: 03674393
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16,794 17,094
Current assets
Stocks 113,530 95,333
Debtors 4 631,417 650,403
Cash at bank and in hand 550,098 323,406
1,295,045 1,069,142
Creditors: amounts falling due within one year 5 (107,171) (62,703)
Net current assets 1,187,874 1,006,439
Total assets less current liabilities 1,204,668 1,023,533
Creditors: amounts falling due after more than one year 6 (1,663) (4,773)
Net assets 1,203,005 1,018,760
Capital and reserves
Called up share capital 100,100 100,100
Profit and loss account 1,102,905 918,660
Shareholders' funds 1,203,005 1,018,760
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.
Mrs L.J.Waring
Director
Approved by the board on 10 April 2024
DJ Waring Limited
Notes to the Accounts
for the year ended 30 November 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:
Motor vehicles 25% reducing balance
Plant and machinery 15% reducing balance
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 29,576 58,517 88,093
Additions 3,950 - 3,950
At 30 November 2023 33,526 58,517 92,043
Depreciation
At 1 December 2022 23,408 47,591 70,999
Charge for the year 1,518 2,732 4,250
At 30 November 2023 24,926 50,323 75,249
Net book value
At 30 November 2023 8,600 8,194 16,794
At 30 November 2022 6,168 10,926 17,094
4 Debtors 2023 2022
£ £
Trade debtors 397,780 426,551
Other debtors 233,637 223,852
631,417 650,403
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 3,110 3,110
Trade creditors 43,854 42,432
Taxation and social security costs 56,295 13,249
Other creditors 3,912 3,912
107,171 62,703
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,663 4,773
7 Other information
DJ Waring Limited is a private company limited by shares and incorporated in England. Its registered office is:
Doncaster Road
South Elmsall
Pontefract
West Yorkshire
WF9 2HX
DJ Waring Limited 03674393 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 Mrs L.J.Waring No description of principal activity 03674393 2021-12-01 2022-11-30 03674393 core:WithinOneYear 2022-11-30 03674393 core:AfterOneYear 2022-11-30 03674393 core:ShareCapital 2022-11-30 03674393 core:RetainedEarningsAccumulatedLosses 2022-11-30 03674393 2022-12-01 2023-11-30 03674393 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03674393 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 03674393 bus:Director40 2022-12-01 2023-11-30 03674393 1 2022-12-01 2023-11-30 03674393 2 2022-12-01 2023-11-30 03674393 core:PlantMachinery 2022-12-01 2023-11-30 03674393 core:Vehicles 2022-12-01 2023-11-30 03674393 countries:England 2022-12-01 2023-11-30 03674393 bus:FRS102 2022-12-01 2023-11-30 03674393 bus:FullAccounts 2022-12-01 2023-11-30 03674393 2023-11-30 03674393 core:WithinOneYear 2023-11-30 03674393 core:AfterOneYear 2023-11-30 03674393 core:ShareCapital 2023-11-30 03674393 core:RetainedEarningsAccumulatedLosses 2023-11-30 03674393 core:PlantMachinery 2023-11-30 03674393 core:Vehicles 2023-11-30 03674393 2022-11-30 03674393 core:PlantMachinery 2022-11-30 03674393 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure