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REGISTERED NUMBER: 03033642 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

David Wilson's Trailers Limited

David Wilson's Trailers Limited (Registered number: 03033642)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Wilson's Trailers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms P J Gibbs
D L Wilson





SECRETARY: Mrs J Wilson





REGISTERED OFFICE: Jubilee Park
Honeypot Lane
Colsterworth
Lincolnshire
NG33 5LZ





REGISTERED NUMBER: 03033642 (England and Wales)





ACCOUNTANTS: EQ Accountants (Trading name)
Douglas Home & Co Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

David Wilson's Trailers Limited (Registered number: 03033642)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782,376 820,832

CURRENT ASSETS
Debtors 5 17,291 147,169
Cash at bank 221,870 153,398
239,161 300,567
CREDITORS
Amounts falling due within one year 6 152,637 110,133
NET CURRENT ASSETS 86,524 190,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,900

1,011,266

PROVISIONS FOR LIABILITIES 62,500 94,000
NET ASSETS 806,400 917,266

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Revaluation reserve 8,211 47,430
Retained earnings 548,189 619,836
806,400 917,266

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

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

David Wilson's Trailers Limited (Registered number: 03033642)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




Ms P J Gibbs - Director



D L Wilson - Director


David Wilson's Trailers Limited (Registered number: 03033642)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

David Wilson's Trailers Limited 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.

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.
Long leasehold - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance

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.

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 8 (2023 - 8 ) .

David Wilson's Trailers Limited (Registered number: 03033642)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 785,911 788,170 1,574,081
Additions - 60,632 60,632
Disposals - (94,000 ) (94,000 )
At 31 March 2024 785,911 754,802 1,540,713
DEPRECIATION
At 1 April 2023 342,044 411,205 753,249
Charge for year 15,719 42,906 58,625
Eliminated on disposal - (53,537 ) (53,537 )
At 31 March 2024 357,763 400,574 758,337
NET BOOK VALUE
At 31 March 2024 428,148 354,228 782,376
At 31 March 2023 443,867 376,965 820,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 14,672 144,965
Other debtors 2,619 2,204
17,291 147,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 25,047 30,839
Taxation and social security 12,085 32,936
Other creditors 115,505 46,358
152,637 110,133