D Wilkinson Builders Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04701185 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

D Wilkinson Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Wilkinson

Mrs A J Wilkinson

SECRETARY:

Mrs A J Wilkinson

REGISTERED OFFICE:

The Bungalow

Daisy Bank

Boundary

Stoke-on-Trent

Staffordshire

ST10 2NU

REGISTERED NUMBER:

04701185 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

4

482,868

485,986

CURRENT ASSETS

Stocks

317,645

174,389

Debtors

5

9,477

26,487

Cash at bank

24,792

25,447

351,914

226,323

CREDITORS

Amounts falling due within one year

6

531,746

364,331

NET CURRENT LIABILITIES

(179,832

)

(138,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

303,036

347,978

CREDITORS

Amounts falling due after more than one year

7

236,482

239,964

NET ASSETS

66,554

108,014

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

66,454

107,914

SHAREHOLDERS' FUNDS

66,554

108,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 8 October 2020 and were signed on its behalf by:

Mrs A J Wilkinson - Director

1.	STATUTORY INFORMATION

D Wilkinson Builders 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2019

and 31 March 2020

473,518

23,422

28,919

1,070

526,929

DEPRECIATION

At 1 April 2019

-

22,964

16,909

1,070

40,943

Charge for year

-

115

3,003

-

3,118

At 31 March 2020

-

23,079

19,912

1,070

44,061

NET BOOK VALUE

At 31 March 2020

473,518

343

9,007

-

482,868

At 31 March 2019

473,518

458

12,010

-

485,986

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

24,010

VAT

6,823

-

Prepayments and accrued income

2,654

2,477

9,477

26,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

355,236

204,387

Hire purchase contracts

3,482

3,482

Tax

-

10,931

Social security and other taxes

694

286

VAT

-

5,584

Other creditors

3,696

3,493

Directors' current accounts

166,360

133,938

Accrued expenses

2,278

2,230

531,746

364,331

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other loans more 5yrs non-inst

233,000

233,000

Hire purchase contracts

3,482

6,964

236,482

239,964

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

233,000

233,000

8.	RELATED PARTY DISCLOSURES

At the year end the directors were owed £166,360 (2019 £133,938) on their current account and £233,000 in

loans.

9.	ULTIMATE CONTROLLING PARTY

The company is owned jointly by Mr and Mrs D Wilkinson.