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REGISTERED NUMBER: 02253599 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

W. A. DEACON AND SONS LIMITED

W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W. A. DEACON AND SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R W Deacon
Mrs J Deacon





REGISTERED OFFICE: 5 Norman Way
High Street
Lavenham
Suffolk
CO10 9PY





REGISTERED NUMBER: 02253599 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,879 72,202

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 684,421 392,307
Cash at bank and in hand 17,858 273,397
706,279 669,704
CREDITORS
Amounts falling due within one year 6 340,168 333,765
NET CURRENT ASSETS 366,111 335,939
TOTAL ASSETS LESS CURRENT LIABILITIES 454,990 408,141

CREDITORS
Amounts falling due after more than one
year

7

-

(7,557

)

PROVISIONS FOR LIABILITIES (21,626 ) (17,352 )
NET ASSETS 433,364 383,232

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Capital redemption reserve 10,000 10,000
Retained earnings 393,364 343,232
433,364 383,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)

BALANCE SHEET - continued
31 MAY 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 22 October 2024 and were signed on its behalf by:





R W Deacon - Director


W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)

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

1. STATUTORY INFORMATION

W. A. Deacon and Sons 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.

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 comprises the fair value if the consideration received or receivable for the provision of building services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Amounts recoverable on long term contracts, which are included in debtors, are stated at expected sales value and recognised on the stage completion of the contract.

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 - 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 158,889 21,971 127,092 307,952
Additions 1,750 976 34,350 37,076
Disposals - - (15,440 ) (15,440 )
At 31 May 2024 160,639 22,947 146,002 329,588
DEPRECIATION
At 1 June 2023 120,471 21,367 93,912 235,750
Charge for year 6,025 205 13,972 20,202
Eliminated on disposal - - (15,243 ) (15,243 )
At 31 May 2024 126,496 21,572 92,641 240,709
NET BOOK VALUE
At 31 May 2024 34,143 1,375 53,361 88,879
At 31 May 2023 38,418 604 33,180 72,202

W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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
At 1 June 2023
and 31 May 2024 32,500
DEPRECIATION
At 1 June 2023 10,157
Charge for year 5,586
At 31 May 2024 15,743
NET BOOK VALUE
At 31 May 2024 16,757
At 31 May 2023 22,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,061 161,842
Amounts recoverable on contract 607,428 227,762
Prepayments 4,932 2,703
684,421 392,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 7,557 9,908
Trade creditors 50,856 51,268
Tax 50,947 55,331
Social security and other taxes 15,399 10,466
VAT 76,911 8,788
Other creditors 5,366 4,278
Directors' current accounts 217 7
Accrued expenses 132,915 193,719
340,168 333,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 7,557

W. A. DEACON AND SONS LIMITED (REGISTERED NUMBER: 02253599)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 7,557 9,908
Between one and five years - 7,557
7,557 17,465

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 7,557 17,465