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REGISTERED NUMBER: 04904335 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st January 2024

for

DWB Boston Ltd

DWB Boston Ltd (Registered number: 04904335)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

DWB Boston Ltd

Company Information
for the year ended 31st January 2024







DIRECTORS: D Bell
D Atkins
N J Kelly
P J Daniels
Mrs E Watson



SECRETARY: Mrs E Watson



REGISTERED OFFICE: Unit C2 C4 C5
Boston Industrial Estate
Norfolk Street
Boston
Lincolnshire
PE21 9HG



REGISTERED NUMBER: 04904335 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Barclays Bank plc
P O Box 11
Trinity House Lane
Hull
HU1 2JB

DWB Boston Ltd (Registered number: 04904335)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 398,030 424,881

CURRENT ASSETS
Stocks 270,506 290,105
Debtors 5 625,334 659,968
Cash at bank 1,484,655 1,679,209
2,380,495 2,629,282
CREDITORS
Amounts falling due within one year 6 1,083,691 1,408,933
NET CURRENT ASSETS 1,296,804 1,220,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,694,834

1,645,230

CREDITORS
Amounts falling due after more than one
year

7

(25,905

)

(70,314

)

PROVISIONS FOR LIABILITIES (83,011 ) (91,975 )
NET ASSETS 1,585,918 1,482,941

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Retained earnings 1,485,918 1,382,941
SHAREHOLDERS' FUNDS 1,585,918 1,482,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

DWB Boston Ltd (Registered number: 04904335)

Balance Sheet - continued
31st January 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2024 and were signed on its behalf by:





N J Kelly - Director


DWB Boston Ltd (Registered number: 04904335)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

DWB Boston Ltd 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 (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and straight line over 7 years

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 year 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 year 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.

DWB Boston Ltd (Registered number: 04904335)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 660,915
Additions 41,549
Disposals (3,750 )
At 31st January 2024 698,714
DEPRECIATION
At 1st February 2023 236,034
Charge for year 67,049
Eliminated on disposal (2,399 )
At 31st January 2024 300,684
NET BOOK VALUE
At 31st January 2024 398,030
At 31st January 2023 424,881

The net book value of tangible fixed assets includes £ 74,627 (2023 - £ 87,796 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 557,857 592,905
Prepayments 67,477 67,063
625,334 659,968

DWB Boston Ltd (Registered number: 04904335)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 44,409 44,409
Trade creditors 275,525 178,326
Amounts owed to group undertakings 30 30
Taxation 168,975 215,084
Social security and other taxes 117,017 128,373
Other creditors 3,513 3,438
Directors' current accounts 9,000 138,000
Accrued expenses 74,222 39,273
Shareholders loans 391,000 662,000
1,083,691 1,408,933

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 25,905 70,314

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 70,314 114,723

All hire purchases are secured against the individual assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

10. RELATED PARTY DISCLOSURES

D. Bell and P.J. Daniels are directors of D.W.B. Roof Truss Limited. Any transactions undertaken with this company were done so at commercial rates.

D. Bell and P.J.Daniels are directors of D.W.B. Anglia Limited. Any transactions undertaken with this company were done so at commercial rates.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DWB Boston Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DWB Boston Ltd for the year ended 31st January 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of DWB Boston Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DWB Boston Ltd and state those matters that we have agreed to state to the Board of Directors of DWB Boston Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DWB Boston Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DWB Boston Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DWB Boston Ltd. You consider that DWB Boston Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DWB Boston Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


28th March 2024