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REGISTERED NUMBER: 04466597 (England and Wales)












WOLVERSON CARPENTRY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






WOLVERSON CARPENTRY SERVICES LIMITED (REGISTERED NUMBER: 04466597)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLVERSON CARPENTRY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mr R A Wolverson





SECRETARY: Mrs K L Wolverson





REGISTERED OFFICE: 93 Wimborne Road
Fallings Park
Wolverhampton
West Midlands
WV10 0NR





REGISTERED NUMBER: 04466597 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

WOLVERSON CARPENTRY SERVICES LIMITED (REGISTERED NUMBER: 04466597)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 750 1,500
Tangible assets 5 5,917 8,820
6,667 10,320

CURRENT ASSETS
Debtors 6 28,424 24,478
Cash at bank 39,387 44,406
67,811 68,884
CREDITORS
Amounts falling due within one year 7 18,951 12,878
NET CURRENT ASSETS 48,860 56,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,527

66,326

CREDITORS
Amounts falling due after more than one
year

8

9,750

12,500
NET ASSETS 45,777 53,826

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 45,775 53,824
SHAREHOLDERS' FUNDS 45,777 53,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WOLVERSON CARPENTRY SERVICES LIMITED (REGISTERED NUMBER: 04466597)

BALANCE SHEET - continued
31 MARCH 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2022 and were signed by:





Mr R A Wolverson - Director


WOLVERSON CARPENTRY SERVICES LIMITED (REGISTERED NUMBER: 04466597)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Wolverson Carpentry Services 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

WOLVERSON CARPENTRY SERVICES LIMITED (REGISTERED NUMBER: 04466597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 7,500
AMORTISATION
At 1 April 2021 6,000
Amortisation for year 750
At 31 March 2022 6,750
NET BOOK VALUE
At 31 March 2022 750
At 31 March 2021 1,500

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 4,235 11,490 2,710 18,435
Additions 147 - - 147
At 31 March 2022 4,382 11,490 2,710 18,582
DEPRECIATION
At 1 April 2021 4,235 2,873 2,507 9,615
Charge for year 37 2,872 141 3,050
At 31 March 2022 4,272 5,745 2,648 12,665
NET BOOK VALUE
At 31 March 2022 110 5,745 62 5,917
At 31 March 2021 - 8,617 203 8,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 4,194
Other debtors 28,424 20,284
28,424 24,478

WOLVERSON CARPENTRY SERVICES LIMITED (REGISTERED NUMBER: 04466597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 3,000 2,500
Trade creditors 286 -
Taxation and social security 11,030 6,128
Other creditors 4,635 4,250
18,951 12,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 9,750 12,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 500

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2