Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-012023-07-01falseWholesale of furniture, carpets and lighting equipment61falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12688528 2023-07-01 2024-06-30 12688528 2022-07-01 2023-06-30 12688528 2024-06-30 12688528 2023-06-30 12688528 c:Director1 2023-07-01 2024-06-30 12688528 d:Buildings 2023-07-01 2024-06-30 12688528 d:Buildings 2024-06-30 12688528 d:Buildings 2023-06-30 12688528 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12688528 d:MotorVehicles 2023-07-01 2024-06-30 12688528 d:MotorVehicles 2024-06-30 12688528 d:MotorVehicles 2023-06-30 12688528 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12688528 d:FurnitureFittings 2023-07-01 2024-06-30 12688528 d:FurnitureFittings 2024-06-30 12688528 d:FurnitureFittings 2023-06-30 12688528 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12688528 d:OfficeEquipment 2023-07-01 2024-06-30 12688528 d:OfficeEquipment 2024-06-30 12688528 d:OfficeEquipment 2023-06-30 12688528 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12688528 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12688528 d:CurrentFinancialInstruments 2024-06-30 12688528 d:CurrentFinancialInstruments 2023-06-30 12688528 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12688528 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12688528 d:ShareCapital 2024-06-30 12688528 d:ShareCapital 2023-06-30 12688528 d:RetainedEarningsAccumulatedLosses 2024-06-30 12688528 d:RetainedEarningsAccumulatedLosses 2023-06-30 12688528 c:OrdinaryShareClass1 2023-07-01 2024-06-30 12688528 c:OrdinaryShareClass1 2024-06-30 12688528 c:FRS102 2023-07-01 2024-06-30 12688528 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12688528 c:FullAccounts 2023-07-01 2024-06-30 12688528 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12688528 e:PoundSterling 2023-07-01 2024-06-30 12688528 d:EntityControlledByKeyManagementPersonnel1 2023-07-01 2024-06-30 12688528 d:EntityControlledByKeyManagementPersonnel1 2024-06-30 12688528 d:EntityControlledByKeyManagementPersonnel2 2023-07-01 2024-06-30 12688528 d:EntityControlledByKeyManagementPersonnel2 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12688528









DWIR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
DWIR LIMITED
REGISTERED NUMBER: 12688528

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
56,167
13,375

  
56,167
13,375

Current assets
  

Stocks
 5 
871,948
1,048,420

Debtors: amounts falling due within one year
 6 
768,455
211,170

Cash at bank and in hand
 7 
412,161
133,797

  
2,052,564
1,393,387

Creditors: amounts falling due within one year
 8 
(1,959,418)
(1,342,268)

Net current assets
  
 
 
93,146
 
 
51,119

Total assets less current liabilities
  
149,313
64,494

  

Net assets
  
149,313
64,494


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
148,313
63,494

  
149,313
64,494

Page 1

 
DWIR LIMITED
REGISTERED NUMBER: 12688528
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 May 2025.




J Graham
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DWIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

DWIR Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.
The principal activity of the company is selling office furniture and fixtures.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Page 3

 
DWIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

Page 4

 
DWIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
25% Straight line
Motor vehicles
-
20% Straight line
Fixtures and fittings
-
25% Straight line
Office equipment
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
DWIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 1).


4.


Tangible fixed assets





Land and buildings
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 July 2023
10,295
-
3,138
8,969
22,402


Additions
14,985
31,948
329
2,406
49,668



At 30 June 2024

25,280
31,948
3,467
11,375
72,070



Depreciation


At 1 July 2023
3,861
-
2,078
3,088
9,027


Charge for the year
2,851
879
812
2,334
6,876



At 30 June 2024

6,712
879
2,890
5,422
15,903



Net book value



At 30 June 2024
18,568
31,069
577
5,953
56,167



At 30 June 2023
6,434
-
1,060
5,881
13,375

Page 6

 
DWIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
871,948
1,048,420

871,948
1,048,420



6.


Debtors

2024
2023
£
£


Trade debtors
345,611
61,770

Other debtors
352,844
149,400

Prepayments and accrued income
70,000
-

768,455
211,170



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
412,161
133,797

Less: bank overdrafts
(757)
(44,985)

411,404
88,812



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
757
44,985

Trade creditors
1,011,305
942,553

Corporation tax
49,526
15,886

Other taxation and social security
59,272
61,851

Other creditors
130,030
56,033

Accruals and deferred income
708,528
220,960

1,959,418
1,342,268


Page 7

 
DWIR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
1,000
1,000



10.


Transactions with directors

Included within other creditors is an amount due to the director of £15,045 (2023 - £106,625 due from). No interest is payable or accruing on the loan and the loan is repayable on demand. 


11.


Related party transactions


Included within other creditors is an amount of £113,445 (2023 - £20,773) due to companies under common control.
 
Included within other debtors is an amount of £338,950 (2023 - £Nil) due from companies under common control.


12.


Controlling party

The controlling party of the company is its director by virtue of his 100% shareholding.

 
Page 8