Company Registration No. 00403265 (England and Wales)
G.W.DAWES & SON (HEATING & PLUMBING) LIMITED
Unaudited accounts
for the year ended 31 March 2023
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 2023
Directors
Michael Thew
James Thew
Leanne Thew
Jason Parkinson
Company Number
00403265 (England and Wales)
Registered Office
DANNEMORA DRIVE
SHEFFIELD
S9 5DF
Accountants
Neil Walker Accountancy Ltd
Khepera Business Centre
9 Orgreave Road
Sheffield
S13 9LQ
G.W.DAWES & SON (HEATING & PLUMBING) LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
369,607
360,678
Cash at bank and in hand
893,651
626,723
Creditors: amounts falling due within one year
(891,248)
(867,073)
Net current assets
556,744
494,752
Total assets less current liabilities
936,351
865,430
Creditors: amounts falling due after more than one year
(10,686)
-
Provisions for liabilities
Deferred tax
(11,818)
(5,546)
Net assets
913,847
859,884
Called up share capital
1,303
1,300
Revaluation reserve
114,489
114,489
Capital redemption reserve
2,700
2,700
Profit and loss account
795,355
741,395
Shareholders' funds
913,847
859,884
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 6 June 2023 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 2023
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 2023
The amount recoverable on each long term contract is based on stage of completion by calculating costs incurred to date as a percentage of total costs less any provision for known or anticipated losses. Progress payments received and receivable where the outcome of incomplete contracts can be assessed with reasonable certainty, the attributable profit is recognised in the profit and loss account as an appropriate proportion of the estimated profit for that contract. The amounts by which turnover is in excess of progress payments received and receivable is classified as amounts recoverable on contracts and disclosed in debtors.
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 2022
255,000
32,912
158,548
32,234
478,694
Additions
-
1,423
46,489
1,055
48,967
Disposals
-
-
(25,150)
-
(25,150)
At 31 March 2023
255,000
34,335
179,887
33,289
502,511
At 1 April 2022
24,000
16,033
49,196
28,787
118,016
Charge for the year
3,000
1,754
28,827
412
33,993
On disposals
-
-
(19,105)
-
(19,105)
At 31 March 2023
27,000
17,787
58,918
29,199
132,904
At 31 March 2023
228,000
16,548
120,969
4,090
369,607
At 31 March 2022
231,000
16,879
109,352
3,447
360,678
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.
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Investments
Subsidiary undertakings
Valuation at 1 April 2022
10,000
Valuation at 31 March 2023
10,000
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.
G.W.DAWES & SON (HEATING & PLUMBING) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
497,277
714,651
Other debtors
11,826
12,101
8
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,660
3,694
Trade creditors
759,708
576,307
Taxes and social security
33,136
62,194
Loans from directors
307
-
Deferred income
85,200
200,191
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
10,686
-
10
Average number of employees
During the year the average number of employees was 14 (2022: 15).
