Davies Wilson Commercial Limited Company accounts
Davies Wilson Commercial Limited Company accounts
COMPANY REGISTRATION NUMBER:
03353926
|
|
|
|
Financial Statements |
Year ended 31 January 2022
Contents |
Page |
Director's report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
|
Director's Report |
Year ended 31 January 2022
The director presents his report and the unaudited financial statements of the company for the year ended
31 January 2022
.
Principal activities
Director
The director who served the company during the year was as follows:
|
|
Small company provisions
This report was approved by the board of directors on
22 April 2022
and signed on behalf of the board by:
|
|
Director |
|
Registered office: |
|
|
|
|
|
Statement of Income and Retained Earnings |
Year ended 31 January 2022
2022 |
2021 |
|
Note |
£ |
£ |
Turnover |
|
|
Cost of sales |
|
|
-------- |
-------- |
|
Gross profit |
|
|
Administrative expenses |
|
|
-------- |
-------- |
|
Operating profit |
|
|
Interest payable and similar expenses |
|
|
|
-------- |
-------- |
||
Profit before taxation |
5 |
|
|
Tax on profit |
|
|
-------- |
-------- |
|
Profit for the financial year and total comprehensive income |
|
|
-------- |
-------- |
|
Dividends paid and payable |
(
|
(
|
Retained earnings at the start of the year |
|
|
-------- |
-------- |
|
Retained earnings at the end of the year |
|
|
-------- |
-------- |
|
All the activities of the company are from continuing operations.
|
Statement of Financial Position |
2022 |
2021 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
|
|
Current assets
Stocks |
|
|
|
Debtors |
7 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
8 |
|
|
--------- |
--------- |
||
Net current assets |
|
|
|
-------- |
-------- |
||
Total assets less current liabilities |
|
|
|
-------- |
-------- |
||
Net assets |
|
|
|
-------- |
-------- |
||
Capital and reserves
Called up share capital |
|
|
Profit and loss account |
|
|
-------- |
-------- |
|
Shareholders funds |
|
|
-------- |
-------- |
|
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 April 2022
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
03353926
|
Notes to the Financial Statements |
Year ended 31 January 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18/19 Salmon Fields Buiness Village, Royton, Oldham, OL2 6HT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
|
|
Motor vehicles |
- |
|
|
Equipment |
- |
|
|
Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Profit before taxation
Profit before taxation is stated after charging:
2022 |
2021 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
------- |
------- |
|
6.
Tangible assets
Plant and machinery |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 February 2021 and 31 January 2022 |
|
|
|
|
------- |
-------- |
------- |
-------- |
|
Depreciation |
||||
At 1 February 2021 |
|
|
|
|
Charge for the year |
|
|
|
|
------- |
-------- |
------- |
-------- |
|
At 31 January 2022 |
|
|
|
|
------- |
-------- |
------- |
-------- |
|
Carrying amount |
||||
At 31 January 2022 |
|
|
|
|
------- |
-------- |
------- |
-------- |
|
At 31 January 2021 |
|
|
|
|
------- |
-------- |
------- |
-------- |
|
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles |
|
£ |
|
At 31 January 2022 |
– |
---- |
|
At 31 January 2021 |
|
------- |
|
7.
Debtors
2022 |
2021 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
8.
Creditors:
amounts falling due within one year
2022 |
2021 |
|
£ |
£ |
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
9.
Director's advances, credits and guarantees
Included within other creditors is a loan from the director totalling £4,537 (2021: £3,633) on which no interest is charged. The loan is repayable in full or in part on demand. Dividends totalling £25,000 (2021: £,8000) were paid in the year in respect of shares held by the company's directors.
10.
Related party transactions
There were no transactions with related parties undertaken such as are required to be disclosed under Financial Reporting Standard 8.