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REGISTERED NUMBER: 05153342 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

K D & Z Waller (Painters & Decorators)
Limited

K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K D & Z Waller (Painters & Decorators)
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: K D Waller
Mrs Z Waller
T Waller
Mrs H Waller





SECRETARY: Mrs Z Waller





REGISTERED OFFICE: Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ





REGISTERED NUMBER: 05153342 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 383,522 367,322
383,522 367,322

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 6 336,665 303,985
Prepayments and accrued income 11,357 12,832
Cash at bank 177,550 237,810
545,572 574,627
CREDITORS
Amounts falling due within one year 7 76,115 101,749
NET CURRENT ASSETS 469,457 472,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

852,979

840,200

PROVISIONS FOR LIABILITIES 78,333 68,931
NET ASSETS 774,646 771,269

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 774,642 771,265
SHAREHOLDERS' FUNDS 774,646 771,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)

Balance Sheet - continued
30 June 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 21 January 2025 and were signed on its behalf by:





T Waller - Director


K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

K D & Z Waller (Painters & Decorators) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 60,000
AMORTISATION
At 1 July 2023
and 30 June 2024 60,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 350,761 3,569 1,925
Additions - - -
Disposals - - -
At 30 June 2024 350,761 3,569 1,925
DEPRECIATION
At 1 July 2023 - 2,283 1,468
Charge for year - 193 69
Eliminated on disposal - - -
At 30 June 2024 - 2,476 1,537
NET BOOK VALUE
At 30 June 2024 350,761 1,093 388
At 30 June 2023 350,761 1,286 457

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 83,450 2,465 442,170
Additions 29,651 - 29,651
Disposals (21,296 ) - (21,296 )
At 30 June 2024 91,805 2,465 450,525
DEPRECIATION
At 1 July 2023 68,778 2,319 74,848
Charge for year 10,395 49 10,706
Eliminated on disposal (18,551 ) - (18,551 )
At 30 June 2024 60,622 2,368 67,003
NET BOOK VALUE
At 30 June 2024 31,183 97 383,522
At 30 June 2023 14,672 146 367,322

K D & Z Waller (Painters & Decorators)
Limited (Registered number: 05153342)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 331,633 303,985
Other debtors 5,032 -
336,665 303,985

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,391 29,868
Taxation and social security 50,208 63,638
Other creditors 4,516 8,243
76,115 101,749