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REGISTERED NUMBER: 10305370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

D & J Wellby Limited
Trading as
Creative Storage & Kitchens

D & J Wellby Limited (Registered number: 10305370)
Trading as Creative Storage & Kitchens






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & J Wellby Limited
Trading as Creative Storage & Kitchens

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D Wellby
Mrs A M Wellby





REGISTERED OFFICE: Unit 8 Marsh Industrial Estate
Marsh Lane
Easton-In-Gordano
Bristol
BS20 0NH





REGISTERED NUMBER: 10305370 (England and Wales)





ACCOUNTANTS: ABW Accountants Limited
Mr Alasdair Watson
Raw Space
111 Gloucester Road
Bishopston
Bristol
BS7 8AT

D & J Wellby Limited (Registered number: 10305370)
Trading as Creative Storage & Kitchens

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,266 91,714

CURRENT ASSETS
Stocks 24,000 21,000
Debtors 5 1,677 3,625
Cash at bank 35,112 21,489
60,789 46,114
CREDITORS
Amounts falling due within one year 6 68,180 33,420
NET CURRENT (LIABILITIES)/ASSETS (7,391 ) 12,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,875

104,408

CREDITORS
Amounts falling due after more than
one year

7

(49,344

)

(62,939

)

PROVISIONS FOR LIABILITIES (13,190 ) (16,335 )
NET ASSETS 1,341 25,134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,241 25,034
SHAREHOLDERS' FUNDS 1,341 25,134

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

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

D & J Wellby Limited (Registered number: 10305370)
Trading as Creative Storage & Kitchens

Balance Sheet - continued
31 August 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mr D Wellby - Director


D & J Wellby Limited (Registered number: 10305370)
Trading as Creative Storage & Kitchens

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

1. STATUTORY INFORMATION

D & J Wellby 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Computer equipment - straight line over 3 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 Statement of Income and Retained Earnings, 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.

D & J Wellby Limited (Registered number: 10305370)
Trading as Creative Storage & Kitchens

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 10,714 111,909 62,290 10,232 195,145
Additions - 2,121 - 2,467 4,588
At 31 August 2024 10,714 114,030 62,290 12,699 199,733
DEPRECIATION
At 1 September 2023 4,975 85,974 5,954 6,528 103,431
Charge for year 1,072 12,105 9,344 2,515 25,036
At 31 August 2024 6,047 98,079 15,298 9,043 128,467
NET BOOK VALUE
At 31 August 2024 4,667 15,951 46,992 3,656 71,266
At 31 August 2023 5,739 25,935 56,336 3,704 91,714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 834
Other debtors - 1,210
Prepayments and accrued income 1,677 1,581
1,677 3,625

D & J Wellby Limited (Registered number: 10305370)
Trading as Creative Storage & Kitchens

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,230 11,160
Hire purchase contracts 7,681 7,681
Trade creditors 3,815 1,361
Tax 6,852 2,859
Social security and other taxes 11,363 8,196
Other creditors 461 377
Accruals and deferred income 27,778 1,786
68,180 33,420

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 18,828 26,509
Bank Loan 14,233 19,903
Directors' loan accounts 16,283 16,527
49,344 62,939

8. RESERVES
Retained
earnings
£   

At 1 September 2023 25,034
Profit for the year 11,907
Dividends (35,700 )
At 31 August 2024 1,241

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr D Wellby was owed £16,283 (2023: £16,527) at the 31 August 2022. The loan was made on an interest free basis and the full sum will be repaid within 5 years from the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Wellby.