2023-04-01 04906396 2024-03-31 04906396 2023-04-01 2024-03-31 04906396 2023-03-31 04906396 2022-04-01 2023-03-31 04906396 uk-core:WithinOneYear 2023-03-31 04906396 uk-core:WithinOneYear 2024-03-31 04906396 uk-core:AfterOneYear 2023-03-31 04906396 uk-core:AfterOneYear 2024-03-31 04906396 uk-core:ShareCapital 2024-03-31 04906396 uk-core:ShareCapital 2023-03-31 04906396 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04906396 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04906396 uk-bus:Director1 2023-04-01 2024-03-31 04906396 uk-core:Buildings 2023-04-01 2024-03-31 04906396 uk-core:PlantMachinery 2023-04-01 2024-03-31 04906396 uk-core:ToolsEquipment 2023-04-01 2024-03-31 04906396 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 04906396 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04906396 uk-core:ToolsEquipment 2023-03-31 04906396 uk-core:FurnitureFittings 2023-03-31 04906396 uk-core:CommercialMotorVehicles 2023-03-31 04906396 uk-core:PlantMachinery 2023-03-31 04906396 uk-core:Buildings 2023-03-31 04906396 uk-core:Buildings 2024-03-31 04906396 uk-core:CommercialMotorVehicles 2024-03-31 04906396 uk-core:FurnitureFittings 2024-03-31 04906396 uk-core:ToolsEquipment 2024-03-31 04906396 uk-core:PlantMachinery 2024-03-31 04906396 uk-core:WithinOneYear 2024-03-31 04906396 uk-core:WithinOneYear 2023-03-31 04906396 uk-core:AfterOneYear uk-core:Secured 2024-03-31 04906396 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 04906396 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04906396 uk-bus:FRS102 2023-04-01 2024-03-31 04906396 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04906396 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
D T Waller Limited
Registered Number:04906396
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
04906396
As at 31 March 2024
D T Waller Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
601,707
128,612
2
601,707
128,612
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
(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.
Mr David Waller Director
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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4
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.
Registered address:
71 The Homend
Ledbury
Herefordshire
HR8 1BP
The presentation currency is £ sterling.
1. Accounting policies
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
0% Reducing balance
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
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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5
For the year ended 31 March 2024
D T Waller Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 April 2023
330,971
10,991
66,680
52,160
120,047
81,093
489,399
349
-
-
7,746
481,304
Additions
At 31 March 2024
562,397
52,160
66,680
11,340
820,370
127,793
Provision for depreciation and impairment
At 01 April 2023
202,359
9,442
64,404
23,362
105,151
-
Charge for year
16,304
475
569
9,599
5,661
-
At 31 March 2024
218,663
9,917
64,973
32,961
110,812
-
At 31 March 2024
Net book value
562,397
16,981
19,199
1,707
1,423
601,707
81,093
14,896
28,798
2,276
1,549
128,612
At 31 March 2023
3. Inventories
2023
2024
£
£
Stocks
32,048
45,715
Stock is valued at the lower of cost and net realisable value.
4. Trade and other receivables
2023
2024
£
£
Trade debtors
41,860
53,401
Other debtors
18,649
35,026
88,427
60,509
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
77,233
47,999
Trade creditors
208,561
157,579
Taxation and social security
7,998
9,956
Other creditors
16,210
12,207
310,002
227,741
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6
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
£
£
Bank loans and overdraft
476,569
21,686
Other creditors
-
7,620
476,569
29,306
7. Directors advances and guarantees
Going Concern
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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