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REGISTERED NUMBER: 06796320 (England and Wales)













D H WADSWORTH & SONS (MALTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024






D H WADSWORTH & SONS (MALTON) LIMITED (REGISTERED NUMBER: 06796320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D H WADSWORTH & SONS (MALTON) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024







DIRECTORS: Mr M Wadsworth
Mr S Wadsworth



REGISTERED OFFICE: 204 Barnsley Road
Flockton
Wakefield
West Yorkshire
WF4 4AB



REGISTERED NUMBER: 06796320 (England and Wales)



ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



BANKERS: The Co-operative Bank
11 Peel Square
Barnsley
South Yorkshire
S70 2QT

D H WADSWORTH & SONS (MALTON) LIMITED (REGISTERED NUMBER: 06796320)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,066 20,328
12,066 20,328

CURRENT ASSETS
Stocks 125,617 118,332
Debtors 578,221 548,245
Cash at bank and in hand 122,198 102,435
826,036 769,012
CREDITORS
Amounts falling due within one year 210,615 186,803
NET CURRENT ASSETS 615,421 582,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,487

602,537

CREDITORS
Amounts falling due after more than one year (18,333 ) (27,500 )

PROVISIONS FOR LIABILITIES (2,292 ) (3,862 )
NET ASSETS 606,862 571,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 606,762 571,075
SHAREHOLDERS' FUNDS 606,862 571,175

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 H WADSWORTH & SONS (MALTON) LIMITED (REGISTERED NUMBER: 06796320)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:




Mr M Wadsworth - Director



Mr S Wadsworth - Director


D H WADSWORTH & SONS (MALTON) LIMITED (REGISTERED NUMBER: 06796320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

D H Wadsworth & Sons (Malton) 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 value of sales (net of value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Turnover is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is ascertained by the user of the first-in first-out method of cost calculation. Net realisable value is based on an estimated selling price, less further costs to be incurred to completion and disposal. Provision is also made for obsolete, slow-moving and defective items, where appropriate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


D H WADSWORTH & SONS (MALTON) LIMITED (REGISTERED NUMBER: 06796320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 31 March 2024 100,000
AMORTISATION
At 1 May 2023
and 31 March 2024 100,000
NET BOOK VALUE

At 31 March 2024 -
At 30 April 2023 -

D H WADSWORTH & SONS (MALTON) LIMITED (REGISTERED NUMBER: 06796320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 12,378 35,545 2,175 50,098
Disposals - (15,750 ) - (15,750 )
At 31 March 2024 12,378 19,795 2,175 34,348
DEPRECIATION
At 1 May 2023 7,916 20,475 1,379 29,770
Charge for period 1,115 2,729 265 4,109
Eliminated on disposal - (11,597 ) - (11,597 )
At 31 March 2024 9,031 11,607 1,644 22,282
NET BOOK VALUE
At 31 March 2024 3,347 8,188 531 12,066
At 30 April 2023 4,462 15,070 796 20,328

6. RELATED PARTY DISCLOSURES

The directors, Mr M Wadsworth and Mr S Wadsworth are partners in D H Wadsworth & Sons which traded with the company on a normal commercial basis during the year.

At the year end the company was owed £541.611 (2023 : £466,111) by the Partnership

During the year the company made sales of £41,063 (2023 : £17,973) to the Partnership for goods and services and bought from them in the sum of £11,928 (2023 : £2,248).

7. ULTIMATE CONTROLLING PARTY

The directors, Mr S Wadsworth and Mr M Wadsworth are considered to be the ultimate controlling parties by
virtue of their interest in the issued share capital of the company, and their ability to act in concert in respect of the financial and operating policies of the company.