Registered number
05054074
D.W.A Appliance Repairs Limited
Filleted Accounts
31 March 2024
D.W.A Appliance Repairs Limited
Registered number: 05054074
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 215
Current assets
Stocks - 1,500
Debtors 5 15 404
Cash at bank and in hand 228 337
243 2,241
Creditors: amounts falling due within one year 6 (4,208) (7,127)
Net current liabilities (3,965) (4,886)
Net liabilities (3,965) (4,671)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,065) (4,771)
Shareholders' funds (3,965) (4,671)
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.
D W Askew
Director
Approved by the board on 15 August 2024
D.W.A Appliance Repairs Limited
Notes to the Accounts
for the year ended 31 March 2024
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). The company ceased to trade 31 March 2024. The directors have no further use for the company and are making steps to have it struck off the company register.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 the following rates:-
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).
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 5,000
Disposals (5,000)
At 31 March 2024 -
Amortisation
At 1 April 2023 5,000
On disposals (5,000)
At 31 March 2024 -
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,146
Disposals (1,146)
At 31 March 2024 -
Depreciation
At 1 April 2023 931
On disposals (931)
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 215
5 Debtors 2024 2023
£ £
Other debtors 15 404
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 362 601
Other creditors 3,846 6,526
4,208 7,127
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D W Askew
Directors loan account 6,526 (19,603) 16,923 3,846
6,526 (19,603) 16,923 3,846
8 Controlling party
The company was controlled by the director.
9 Other information
D.W.A Appliance Repairs Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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