Company Registration No. 02280213 (England and Wales)
David Walker Holdings Limited
Unaudited accounts
for the year ended 30 November 2023
David Walker Holdings Limited
Unaudited accounts
Contents
David Walker Holdings Limited
Company Information
for the year ended 30 November 2023
Company Number
02280213 (England and Wales)
Registered Office
Stoneferry Bridge
Clough Road
Hull
HU6 7QN
Accountants
J W Smith & Co Ltd
Oberon House
Ferries Street
Hull
HU9 1RL
David Walker Holdings Limited
Statement of financial position
as at 30 November 2023
Tangible assets
434,051
498,739
Investment property
140,704
140,704
Investments
100,102
100,102
Debtors
1,599,421
1,378,917
Cash at bank and in hand
-
17
Creditors: amounts falling due within one year
(479,901)
(220,930)
Net current assets
1,119,520
1,158,004
Total assets less current liabilities
1,794,377
1,897,549
Provisions for liabilities
Other provisions
(36,077)
(36,077)
Net assets
1,758,300
1,861,472
Called up share capital
50,002
50,002
Profit and loss account
1,708,298
1,811,470
Shareholders' funds
1,758,300
1,861,472
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 8 August 2024 and were signed on its behalf by
D H Walker
Director
Company Registration No. 02280213
David Walker Holdings Limited
Notes to the Accounts
for the year ended 30 November 2023
David Walker Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 02280213. The registered office is Stoneferry Bridge, Clough Road, Hull, HU6 7QN.
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:
Land & buildings
2% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
David Walker Holdings Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2022
402,906
1,285,278
625,572
5,513
44,398
2,363,667
Disposals
-
-
(12,900)
-
-
(12,900)
At 30 November 2023
402,906
1,285,278
612,672
5,513
44,398
2,350,767
At 1 December 2022
169,050
1,095,234
557,492
5,323
37,829
1,864,928
Charge for the year
7,549
28,507
20,988
29
4,356
61,429
On disposals
-
-
(9,641)
-
-
(9,641)
At 30 November 2023
176,599
1,123,741
568,839
5,352
42,185
1,916,716
At 30 November 2023
226,307
161,537
43,833
161
2,213
434,051
At 30 November 2022
233,856
190,044
68,080
190
6,569
498,739
Fair value at 1 December 2022
140,704
At 30 November 2023
140,704
6
Investments
Other investments
Valuation at 1 December 2022
100,102
Valuation at 30 November 2023
100,102
Amounts falling due within one year
Amounts due from group undertakings etc.
1,599,421
1,378,917
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
184,088
-
Trade creditors
1,486
2,189
Taxes and social security
146,327
3,570
Loans from directors
148,000
200,000
9
Average number of employees
During the year the average number of employees was 5 (2022: 6).