Company Registration No. 00403265 (England and Wales)
G.W.Dawes & Son (Heating & Plumbing) Limited
Unaudited accounts
for the year ended 31 March 2020
G.W.Dawes & Son (Heating & Plumbing) Limited
Unaudited accounts
Contents
G.W.Dawes & Son (Heating & Plumbing) Limited
Company Information
for the year ended 31 March 2020
Company Number
00403265 (England and Wales)
Registered Office
DANNEMORA DRIVE
SHEFFIELD
S9 5DF
G.W.Dawes & Son (Heating & Plumbing) Limited
Statement of financial position
as at 31 March 2020
Tangible assets
315,697
317,215
Cash at bank and in hand
497,203
481,962
Creditors: amounts falling due within one year
(582,869)
(749,952)
Net current assets
279,641
231,099
Total assets less current liabilities
645,338
598,314
Creditors: amounts falling due after more than one year
(9,234)
(15,236)
Provisions for liabilities
Deferred tax
(5,902)
(3,176)
Net assets
630,202
579,902
Called up share capital
1,300
1,300
Revaluation reserve
114,489
114,489
Capital redemption reserve
2,700
2,700
Profit and loss account
511,713
461,413
Shareholders' funds
630,202
579,902
For the year ending 31 March 2020 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 June 2020 and were signed on its behalf by
Michael Thew
Director
Company Registration No. 00403265
G.W.Dawes & Son (Heating & Plumbing) Limited
Notes to the Accounts
for the year ended 31 March 2020
G.W.Dawes & Son (Heating & Plumbing) Limited is a private company, limited by shares, registered in England and Wales, registration number 00403265. The registered office is DANNEMORA DRIVE, SHEFFIELD, S9 5DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
10% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
10% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
G.W.Dawes & Son (Heating & Plumbing) Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2019
255,000
20,758
98,303
29,403
403,464
Additions
-
1,691
43,318
-
45,009
Disposals
-
-
(45,604)
-
(45,604)
At 31 March 2020
255,000
22,449
96,017
29,403
402,869
At 1 April 2019
15,000
12,269
30,959
28,021
86,249
Charge for the year
3,000
935
14,690
138
18,763
On disposals
-
-
(17,840)
-
(17,840)
At 31 March 2020
18,000
13,204
27,809
28,159
87,172
At 31 March 2020
237,000
9,245
68,208
1,244
315,697
At 31 March 2019
240,000
8,489
67,344
1,382
317,215
Freehold land and buildings were revalued on an open market basis by Fernie Greaves Chartered Surveyors on 23rd June 2010. The director feels the value at the Balance Sheet date is reasonable.
Buildings valued at cost price was £146,270.
5
Investments
Subsidiary undertakings
Valuation at 1 April 2019
50,000
Valuation at 31 March 2020
50,000
The company's investment relates to a loan made to G W Dawes (Espana) Limited. The company owns the whole of the issued share capital of G W Dawes (Espana) Limited.
Raw materials
13,404
13,404
Trade debtors
337,297
469,146
Accrued income and prepayments
9,606
11,539
G.W.Dawes & Son (Heating & Plumbing) Limited
Notes to the Accounts
for the year ended 31 March 2020
8
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
5,541
5,541
Trade creditors
504,970
650,953
Taxes and social security
65,595
85,583
Other creditors
6,763
7,875
9
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
9,234
15,236
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
11
Average number of employees
During the year the average number of employees was 13 (2019: 10).
