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Registered number: 03352890
D. WEBSTER LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Garveys Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03352890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 378,931 378,931
Tangible Assets 5 454,635 490,671
833,566 869,602
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 2,504 583
Cash at bank and in hand 100,554 132,262
108,058 137,845
Creditors: Amounts Falling Due Within One Year 8 (56,693 ) (68,056 )
NET CURRENT ASSETS (LIABILITIES) 51,365 69,789
TOTAL ASSETS LESS CURRENT LIABILITIES 884,931 939,391
NET ASSETS 884,931 939,391
CAPITAL AND RESERVES
Called up share capital 9 184 184
Profit and Loss Account 884,747 939,207
SHAREHOLDERS' FUNDS 884,931 939,391
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D WEBSTER
Director
16/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D. WEBSTER LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03352890 . The registered office is 84 HIGH STREET, HARLESDEN, LONDON, NW10 4SJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Leasehold 0%
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 378,931
As at 31 May 2024 378,931
Net Book Value
As at 31 May 2024 378,931
As at 1 June 2023 378,931
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 June 2023 450,440 177,128 627,568
Additions - 1,454 1,454
Disposals - (25,888 ) (25,888 )
As at 31 May 2024 450,440 152,694 603,134
Depreciation
As at 1 June 2023 - 136,897 136,897
Provided during the period - 1,400 1,400
On revaluations - 10,202 10,202
As at 31 May 2024 - 148,499 148,499
Net Book Value
As at 31 May 2024 450,440 4,195 454,635
As at 1 June 2023 450,440 40,231 490,671
6. Stocks
2024 2023
£ £
Materials 5,000 5,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,504 583
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,634 11,414
Other creditors 427 1,736
Director's loan account 54,632 54,906
56,693 68,056
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 184 184
Page 5