Registered number
10398168
DAW Bathrooms and Kitchens Ltd
Filleted Accounts
31 March 2024
DAW Bathrooms and Kitchens Ltd
Registered number: 10398168
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 15,445 19,761
Current assets
Stocks 1,000 1,000
Debtors 5 6,798 562
Cash at bank and in hand 31,556 39,706
39,354 41,268
Creditors: amounts falling due within one year 6 (24,284) (18,714)
Net current assets 15,070 22,554
Total assets less current liabilities 30,515 42,315
Creditors: amounts falling due after more than one year 7 (13,347) (19,280)
Net assets 17,168 23,035
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,068 22,935
Shareholders' funds 17,168 23,035
The director is 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 director acknowledges his 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.
Duncan White
Director
Approved by the board on 24 July 2024
DAW Bathrooms and Kitchens Ltd
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles 25% reducing balance
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 7,000
At 31 March 2024 7,000
Amortisation
At 1 April 2023 7,000
At 31 March 2024 7,000
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 Motor vehicles Total
£ £ £
Cost
At 1 April 2023 3,497 33,433 36,930
Additions 1,190 - 1,190
At 31 March 2024 4,687 33,433 38,120
Depreciation
At 1 April 2023 2,328 14,841 17,169
Charge for the year 858 4,648 5,506
At 31 March 2024 3,186 19,489 22,675
Net book value
At 31 March 2024 1,501 13,944 15,445
At 31 March 2023 1,169 18,592 19,761
5 Debtors 2024 2023
£ £
Trade debtors 6,096 -
Other debtors 702 562
6,798 562
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,253 6,832
Taxation and social security costs 6,149 10,896
Other creditors 882 986
24,284 18,714
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,347 19,280
8 Other information
DAW Bathrooms and Kitchens Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Glebe House
Church Street
Morchard Bishop
Devon
EX17 6PJ
DAW Bathrooms and Kitchens Ltd 10398168 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Duncan White No description of principal activity 10398168 2022-04-01 2023-03-31 10398168 core:WithinOneYear 2023-03-31 10398168 core:AfterOneYear 2023-03-31 10398168 core:ShareCapital 2023-03-31 10398168 core:RetainedEarningsAccumulatedLosses 2023-03-31 10398168 2023-04-01 2024-03-31 10398168 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10398168 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10398168 bus:Director40 2023-04-01 2024-03-31 10398168 1 2023-04-01 2024-03-31 10398168 2 2023-04-01 2024-03-31 10398168 core:PlantMachinery 2023-04-01 2024-03-31 10398168 core:Vehicles 2023-04-01 2024-03-31 10398168 countries:England 2023-04-01 2024-03-31 10398168 bus:FRS102 2023-04-01 2024-03-31 10398168 bus:FilletedAccounts 2023-04-01 2024-03-31 10398168 2024-03-31 10398168 core:WithinOneYear 2024-03-31 10398168 core:AfterOneYear 2024-03-31 10398168 core:ShareCapital 2024-03-31 10398168 core:RetainedEarningsAccumulatedLosses 2024-03-31 10398168 core:Goodwill 2024-03-31 10398168 core:PlantMachinery 2024-03-31 10398168 core:Vehicles 2024-03-31 10398168 2023-03-31 10398168 core:Goodwill 2023-03-31 10398168 core:PlantMachinery 2023-03-31 10398168 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure