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Registered number: 14091500
Dan Wilson Builds Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14091500
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,258 50,632
66,258 50,632
CURRENT ASSETS
Stocks 5 25,000 -
Debtors 6 95,277 3,476
Cash at bank and in hand 153,310 151,358
273,587 154,834
Creditors: Amounts Falling Due Within One Year 7 (83,900 ) (7,641 )
NET CURRENT ASSETS (LIABILITIES) 189,687 147,193
TOTAL ASSETS LESS CURRENT LIABILITIES 255,945 197,825
NET ASSETS 255,945 197,825
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 255,845 197,725
SHAREHOLDERS' FUNDS 255,945 197,825
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For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Wilson
Director
20/01/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dan Wilson Builds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14091500 . The registered office is 125 Valley Drive, Kendal, Cumbria, LA9 7SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 11,152 41,725 52,877
Additions 32,108 - 32,108
As at 31 May 2024 43,260 41,725 84,985
Depreciation
As at 1 June 2023 1,978 267 2,245
Provided during the period 6,118 10,364 16,482
As at 31 May 2024 8,096 10,631 18,727
Net Book Value
As at 31 May 2024 35,164 31,094 66,258
As at 1 June 2023 9,174 41,458 50,632
5. Stocks
31 May 2024 31 May 2023
£ £
Stock 25,000 -
6. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Trade debtors 15,777 -
Amounts recoverable on contracts 79,500 -
Other debtors - 3,476
95,277 3,476
7. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 20,220 (1 )
Other creditors 5,438 5,589
Taxation and social security 58,242 2,053
83,900 7,641
8. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
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