Company Registration No. 11651845 (England and Wales)
Davids Timber Ltd
Unaudited accounts
for the year ended 31 October 2023
Davids Timber Ltd
Unaudited accounts
Contents
Davids Timber Ltd
Company Information
for the year ended 31 October 2023
Directors
DAMIAN WOJCIK
DAWID WOJCIK
Company Number
11651845 (England and Wales)
Registered Office
UNIT 9
PACKHORSE INDUSTRIAL ESTATE
DUNSTABLE
LU6 3QL
United Kingdom
Davids Timber Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
98,034
102,133
Cash at bank and in hand
105,952
37,447
Creditors: amounts falling due within one year
(53,075)
(73,768)
Net current assets/(liabilities)
52,877
(35,972)
Total assets less current liabilities
150,911
66,161
Creditors: amounts falling due after more than one year
(83,995)
(99,564)
Net assets/(liabilities)
66,916
(33,403)
Called up share capital
2
2
Revaluation reserve
(58,119)
(58,119)
Profit and loss account
125,033
24,714
Shareholders' funds
66,916
(33,403)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by
DAMIAN WOJCIK
Director
Company Registration No. 11651845
Davids Timber Ltd
Notes to the Accounts
for the year ended 31 October 2023
Davids Timber Ltd is a private company, limited by shares, registered in England and Wales, registration number 11651845. The registered office is UNIT 9, PACKHORSE INDUSTRIAL ESTATE, DUNSTABLE, LU6 3QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
76,827
34,845
111,672
At 31 October 2023
76,827
34,845
111,672
At 1 November 2022
7,300
2,239
9,539
Charge for the year
3,025
1,074
4,099
At 31 October 2023
10,325
3,313
13,638
At 31 October 2023
66,502
31,532
98,034
At 31 October 2022
69,527
32,606
102,133
Amounts falling due within one year
Davids Timber Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
24,455
36,307
Taxes and social security
-
23,841
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
39,487
39,487
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).