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REGISTERED NUMBER: 04685321 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

D W REFRIGERATION LIMITED

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

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


D W REFRIGERATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D J Whitcombe





SECRETARY: A Whitcombe





REGISTERED OFFICE: 82 Severn Road
Canton
Cardiff
CF11 9EA





REGISTERED NUMBER: 04685321 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,707 5,081

CURRENT ASSETS
Debtors 5 123,789 385,011
Cash at bank 30,929 -
154,718 385,011
CREDITORS
Amounts falling due within one year 6 101,227 245,701
NET CURRENT ASSETS 53,491 139,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,198

144,391

CREDITORS
Amounts falling due after more than one
year

7

(59,109

)

(21,652

)

PROVISIONS FOR LIABILITIES (1,475 ) (965 )
NET ASSETS 65,614 121,774

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 65,610 121,770
SHAREHOLDERS' FUNDS 65,614 121,774

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 director acknowledges his 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 W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

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 director and authorised for issue on 30 September 2024 and were signed by:





D J Whitcombe - Director


D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

D W Refrigeration 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% 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.

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 pays into a personal pension scheme of the directors. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 9,992 47,648 57,640
Additions 4,890 71,438 76,328
At 31 March 2024 14,882 119,086 133,968
DEPRECIATION
At 1 April 2023 4,911 47,648 52,559
Charge for year 2,206 6,496 8,702
At 31 March 2024 7,117 54,144 61,261
NET BOOK VALUE
At 31 March 2024 7,765 64,942 72,707
At 31 March 2023 5,081 - 5,081

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 71,438
At 31 March 2024 71,438
DEPRECIATION
Charge for year 6,496
At 31 March 2024 6,496
NET BOOK VALUE
At 31 March 2024 64,942

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 114,753 356,170
Other debtors 2,390 11,487
Directors' current accounts - 17,354
Tax 6,646 -
123,789 385,011

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 22,090
Hire purchase contracts 14,024 -
Trade creditors 5,928 120,017
Tax - 13,017
Social security and other taxes 7,864 7,711
VAT 43,609 63,037
Other creditors - 1,973
Credit card 9,529 9,865
Directors' current accounts 139 -
Accruals and deferred income 10,134 7,991
101,227 245,701

D W REFRIGERATION LIMITED (REGISTERED NUMBER: 04685321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,667 21,652
Hire purchase contracts 47,442 -
59,109 21,652

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D J Whitcombe
Balance outstanding at start of year 17,354 11,406
Amounts advanced - 17,354
Amounts repaid (17,354 ) (11,406 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,354

At the year end, the company owed a director £139. This amount is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £2,390 (2023: £11,487) owed by a shareholder. Interest has been charged on the loan and the loan is repayable on demand.