trueD P Williams Holdings Limited005535482015-03-314621851787104562650188756910000010000046546556265018875691065541582881745268052158437302851072-552786-8265931756426289642112036402069828118707019032211429516394722752660139651636776651396417367756599100Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the invoice value of merchanted stone/concrete/ceramic goods sold and haulage/tipping services provided, net of value added tax.
Depreciation
Freehold and Short Leasehold Property is depreciated at 20% on cost. Land is not depreciated until operational, once in use it will be depreciated at a rate of 0-2% on cost.
Costs relating to Plant and Machinery are not depreciated until they are fully operational.
Fixed Asset Investments
Shares in subsidiary companies are held at cost.Stocks
Stocks, consisting of fuel/processed stone/un-processed stone, have been valued at the lower of cost and net realisable value. Cost is determined on a first-in, first-out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at net cost. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss accounts on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Exemption from preparing consolidated financial statements
The financial statements contain information about D P Williams Holdings Limited as an individual company and do not contain consolidated financial information as the parent of D P Williams Limited or as a subsidiary of D P Williams Group Limited. The company is exempt under section 399 of the Companies Act 2006 from the requirements to prepare consolidated financial statements under the basis as being classified as a small group.Land & Buildingson cost. Land is depreciated at 0-2% on cost once operational0.2000Plant & Machineryon cost, 10% on cost, 20% on cost and straight line over 6 years0.0500Fixtures & Fittingson cost0.2000MotorVehicleson cost0.20002742823580903737993-31042071346406213147292690-877756Freehold and Short Leasehold properties consist of land and buildings. This includes non-depreciable assets at a cost of £4,016 (2014 £518,306). 99100-12742922580913737993-310420813464062131472-87775692690
Freehold and Short Leasehold properties consist of land and buildings. This includes non-depreciable assets at a cost of £4,016 (2014 £518,306).
174526805215Ordinary1000001100000100000Ordinary11000001000001000002015-12-10Mr D P Williamstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureD P Williams Holdings Limited2014-04-012015-03-31D P Williams Holdings Limited2013-04-012014-03-31D P Williams Holdings Limited2013-03-31D P Williams Holdings Limited2014-03-31D P Williams Holdings Limited2014-03-31D P Williams Holdings Limited2015-03-31 2015-12-11