Registered Number:04906396 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
D T Waller Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
D T Waller Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
601,707
128,612
2
601,707
128,612
45,715
32,048
3
Trade and other receivables |
88,427
60,509
4
10,231
Cash and cash equivalents |
3,549
96,106
144,373
Trade and other payables: amounts falling due within one |
year |
(227,741)
(310,002)
5
(83,368)
(213,896)
Net current liabilities
Total assets less current liabilities |
387,811
45,244
Trade and other payables: amounts falling due after more |
than one year |
(29,306)
(476,569)
6
(88,758)
Net assets/liabilities
15,938
100
100
(88,858)
15,838
(88,758)
15,938
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year 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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 December 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
D T Waller Limited
Notes to the Financial Statements
Statutory Information
D T Waller Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04906396. |
71 The Homend
Ledbury
Herefordshire
HR8 1BP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 March 2024
D T Waller Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
330,971
10,991
66,680
52,160
120,047
81,093
489,399
349
-
-
7,746
481,304
562,397
52,160
66,680
11,340
820,370
127,793
Provision for depreciation and impairment |
202,359
9,442
64,404
23,362
105,151
-
Charge for year
16,304
475
569
9,599
5,661
-
218,663
9,917
64,973
32,961
110,812
-
562,397
16,981
19,199
1,707
1,423
601,707
81,093
14,896
28,798
2,276
1,549
128,612
2023
2024
32,048
45,715
Stock is valued at the lower of cost and net realisable value.
4. Trade and other receivables |
2023
2024
41,860
53,401
18,649
35,026
88,427
60,509
5. Trade and other payables: amounts falling due within one year |
2023
2024
77,233
47,999
208,561
157,579
Taxation and social security |
7,998
9,956
16,210
12,207
310,002
227,741
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For the year ended 31 March 2024
D T Waller Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
476,569
21,686
-
7,620
476,569
29,306
7. Directors advances and guarantees |
The Company's ability to remain a going concern is dependent on the continued support of the unsecured loan |
providers. The Directors are confident this support will continue. |
9. Average number of persons employed |
During the year the average number of employees was 15 (2023 : 17)
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