David Wade Limited - Filleted accounts

Registered number

01127663

David Wade Limited

Unaudited Filleted Accounts

31 December 2025

David Wade Limited
Registered number:		01127663
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		619			610

Current assets
Stocks		5,312			15,922
Debtors	4	20,092			15,065
Cash at bank and in hand		158,657			188,109
		184,061			219,096

Creditors: amounts falling due within one year	5	(11,759)			(13,268)

Net current assets			172,302			205,828

Total assets less current liabilities			172,921			206,438


Provisions for liabilities			(118)			(116)


Net assets			172,803			206,322

Capital and reserves
Called up share capital			19,000			19,000
Profit and loss account			153,803			187,322

Shareholders' funds			172,803			206,322

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr David Wade
Director
Approved by the board on 5 May 2026

David Wade Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2025				2,547
	Additions				374
	Disposals				(229)
	At 31 December 2025				2,692

	Depreciation
	At 1 January 2025				1,937
	Charge for the year				353
	On disposals				(217)
	At 31 December 2025				2,073

	Net book value
	At 31 December 2025				619
	At 31 December 2024				610


4	Debtors		2025		2024
£				£

	Trade debtors		16,953		9,103
	Trip Expenses Paid in Advance		-		4,475
	Other debtors		3,139		1,487
			20,092		15,065


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		600		1,374
	Taxation and social security costs		7,000		1,329
	Other creditors		4,159		10,565
			11,759		13,268


6	Related party transactions

	Suffolk Digital Ltd
	The Managing Director of Suffolk Digital Ltd, Stuart Wade, is the son of company director, David Wade. During the year, David Wade Limited used services totalling £6,129.19 (2024:£7,837.35 ) from Suffolk Digital Ltd and rented office space from the company which were at an arms length market value £2,160 (2024:£2,160). As at 31st December 2025, £NIL (2024: £NIL) monies were owed to Suffolk Digital Ltd.

7	Transactions with Directors

	During the year, Mr David Wade used a current account with the company to record amounts due to him and amounts drawn by him. The amount owed to Mr David Wade and included in other creditors as at 31st December 2025 was £2,035.07 (2024: £8,824.45 ). The amount is repayable on demand and does not carry interest.


8	Controlling party

	David Wade owns 100% of the share capital and is the sole director of David Wade Limited, he is therefore also the ultimate controlling party of David Wade Limited.

9	Other information

	David Wade Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	The Old Bank
	Beaufort Street
	Crickhowell
	Powys
	NP8 1AD