Registered number
06805927
Darwill Limited
Filleted Accounts
31 January 2024
Darwill Limited
Registered number: 06805927
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,414 31,219
Current assets
Stocks 500 500
Debtors 4 176,059 170,506
Cash at bank and in hand 217,333 166,601
393,892 337,607
Creditors: amounts falling due within one year 5 (226,953) (242,850)
Net current assets 166,939 94,757
Net assets 190,353 125,976
Capital and reserves
Called up share capital 2 2
Profit and loss account 190,351 125,974
Shareholders' funds 190,353 125,976
The directors are 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 directors acknowledge their 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.
K L Allington
Director
Approved by the board on 2 October 2024
Darwill Limited
Notes to the Accounts
for the year ended 31 January 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.
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:
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 3,942 95,985 99,927
At 31 January 2024 3,942 95,985 99,927
Depreciation
At 1 February 2023 3,315 65,393 68,708
Charge for the year 157 7,648 7,805
At 31 January 2024 3,472 73,041 76,513
Net book value
At 31 January 2024 470 22,944 23,414
At 31 January 2023 627 30,592 31,219
4 Debtors 2024 2023
£ £
Trade debtors 176,059 166,582
Other debtors - 3,924
176,059 170,506
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 62,457 141,156
Taxation and social security costs 84,496 21,694
Other creditors 80,000 80,000
226,953 242,850
6 Related party transactions
Included in other creditors are amounts owed to directors of £80,000 (2023 : £80,000).
7 Controlling party
The company is controlled by Mr K Allington and Mrs W Allington.
8 Other information
Darwill Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 10 Rockingham Bus Park
Rockingham Row
Birdwell
Barnsley
S70 5TW
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