IRIS Accounts Production v24.3.0.553 SC278769 Board of Directors Board of Directors 1.3.23 28.2.24 28.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2787692023-02-28SC2787692024-02-28SC2787692023-03-012024-02-28SC2787692022-02-28SC2787692022-03-012023-02-28SC2787692023-02-28SC278769ns15:Scotland2023-03-012024-02-28SC278769ns14:PoundSterling2023-03-012024-02-28SC278769ns10:Director12023-03-012024-02-28SC278769ns10:Director22023-03-012024-02-28SC278769ns10:PrivateLimitedCompanyLtd2023-03-012024-02-28SC278769ns10:SmallEntities2023-03-012024-02-28SC278769ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-28SC278769ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-28SC278769ns10:FullAccounts2023-03-012024-02-28SC278769ns10:OrdinaryShareClass12023-03-012024-02-28SC278769ns10:Director32023-03-012024-02-28SC278769ns10:Director42023-03-012024-02-28SC278769ns10:RegisteredOffice2023-03-012024-02-28SC278769ns5:CurrentFinancialInstruments2024-02-28SC278769ns5:CurrentFinancialInstruments2023-02-28SC278769ns5:Non-currentFinancialInstruments2024-02-28SC278769ns5:Non-currentFinancialInstruments2023-02-28SC278769ns5:ShareCapital2024-02-28SC278769ns5:ShareCapital2023-02-28SC278769ns5:RetainedEarningsAccumulatedLosses2024-02-28SC278769ns5:RetainedEarningsAccumulatedLosses2023-02-28SC278769ns5:PlantMachinery2023-03-012024-02-28SC278769ns5:PlantMachinery2023-02-28SC278769ns5:PlantMachinery2024-02-28SC278769ns5:PlantMachinery2023-02-28SC278769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-28SC278769ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC278769ns10:OrdinaryShareClass12024-02-28
REGISTERED NUMBER: SC278769 (Scotland)













Unaudited Financial Statements

for the Year Ended 28 February 2024

for

D R W LTD.

D R W LTD. (REGISTERED NUMBER: SC278769)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R W LTD.

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: D White
R White
C White
K A Bell





REGISTERED OFFICE: Unit 2
1 Annan Business Park
Annan
DG12 6TZ





REGISTERED NUMBER: SC278769 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

D R W LTD. (REGISTERED NUMBER: SC278769)

Balance Sheet
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,817 90,415

CURRENT ASSETS
Stocks 56,750 37,471
Debtors 5 297,410 201,676
Cash at bank and in hand 34,783 56,993
388,943 296,140
CREDITORS
Amounts falling due within one year 6 321,147 229,488
NET CURRENT ASSETS 67,796 66,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,613

157,067

CREDITORS
Amounts falling due after more than one
year

7

(88,033

)

(82,359

)

PROVISIONS FOR LIABILITIES (19,432 ) (17,853 )
NET ASSETS 67,148 56,855

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 67,048 56,755
SHAREHOLDERS' FUNDS 67,148 56,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 R W LTD. (REGISTERED NUMBER: SC278769)

Balance Sheet - continued
28 FEBRUARY 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 Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:




C White - Director



K A Bell - Director


D R W LTD. (REGISTERED NUMBER: SC278769)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

D R W Ltd. is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 33% on a straight line basis, 25% on a straight line basis, 20% on a reducing balance basis and 15% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 R W LTD. (REGISTERED NUMBER: SC278769)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 181,534
Additions 43,195
Disposals (14,750 )
At 28 February 2024 209,979
DEPRECIATION
At 1 March 2023 91,119
Charge for year 17,578
Eliminated on disposal (5,535 )
At 28 February 2024 103,162
NET BOOK VALUE
At 28 February 2024 106,817
At 28 February 2023 90,415


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 248,984 183,515
Other debtors 48,426 18,161
297,410 201,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,317 9,316
Hire purchase contracts 22,283 15,666
Trade creditors 184,920 111,195
Taxation and social security 87,796 72,651
Other creditors 16,831 20,660
321,147 229,488

D R W LTD. (REGISTERED NUMBER: SC278769)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 13,186 20,371
Hire purchase contracts 74,847 61,988
88,033 82,359

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100