Dave Wales Builders & Plumbers Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05096877 (England and Wales)

DAVE WALES BUILDERS & PLUMBERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Wales

Mr R D G Wales

Mrs L A Wales

Mrs D Wales

SECRETARY:

Mrs L A Wales

REGISTERED OFFICE:

Ricanda,98a King Edward Road

Thorne

Doncaster

South Yorkshire

DN8 4BS

REGISTERED NUMBER:

05096877 (England and Wales)

ACCOUNTANTS:

KTC

Chartered Certified Accountants

80 West View

Barlby Road

Selby

North Yorkshire

YO8 5BD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

34,920

17,536

Investment property

6

140,000

174,920

157,536

CURRENT ASSETS

Stocks

59,205

212,647

Debtors

7

35,895

20,523

Cash at bank

110,733

9,689

205,833

242,859

CREDITORS

Amounts falling due within one year

8

(253,234

)

(325,527

)

NET CURRENT LIABILITIES

(47,401

)

(82,668

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

127,519

74,868

CREDITORS

Amounts falling due after more than one
year

9

-

(10,000

)

PROVISIONS FOR LIABILITIES

(20,312

)

(17,009

)

NET ASSETS

107,207

47,859

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

41,030

Retained earnings

66,077

6,729

SHAREHOLDERS' FUNDS

107,207

47,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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.

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 17th November 2025 and were signed on its behalf by:

Mr D J Wales - Director

Mr R D G Wales - Director

Mrs L A Wales - Director

Mrs D Wales - Director

1.	STATUTORY INFORMATION

Dave Wales Builders & Plumbers 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

5.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Computer

& equipment

vehicles

equipment

Totals

£

COST

At 1st May 2024

35,692

40,146

1,342

77,180

Additions

2,865

18,000

965

21,830

At 30th April 2025

38,557

58,146

2,307

99,010

DEPRECIATION

At 1st May 2024

26,433

32,286

925

59,644

Charge for year

1,998

2,337

111

4,446

At 30th April 2025

28,431

34,623

1,036

64,090

NET BOOK VALUE

At 30th April 2025

10,126

23,523

1,271

34,920

At 30th April 2024

9,259

7,860

417

17,536

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

and 30th April 2025

140,000

NET BOOK VALUE

At 30th April 2025

140,000

At 30th April 2024

140,000

Fair value at 30th April 2025 is represented by:

£

Valuation in 2022

4,707

Valuation in 2024

50,000

Cost

85,293

140,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

85,293

Investment property was valued on an open market basis on 30th April 2025 by Mr R Wales, a director of the company .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

30,325

12,836

Tax

1,273

4,645

VAT

735

-

Prepayments and accrued income

3,562

3,042

35,895

20,523

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

2,822

4,987

Tax

19,211

2,475

Social security and other taxes

532

482

VAT

-

708

Directors' current accounts

225,895

308,050

Accruals and deferred income

4,774

8,825

253,234

325,527

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Loans

-

10,000

10.

RESERVES

Revaluation

reserve

£

At 1st May 2024

and 30th April 2025

41,030