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REGISTERED NUMBER: 02199959 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

WARNER CONTRACTING LIMITED

WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARNER CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTORS: A James
Mrs L James





SECRETARY: Mrs L James





REGISTERED OFFICE: Unit 2
Sunset Business Park
Brunel Road
Totton
Hampshire
SO40 3WX





REGISTERED NUMBER: 02199959 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,605 72,713

CURRENT ASSETS
Stocks 26,200 25,800
Debtors 5 420,809 235,774
Cash at bank 70,057 383,190
517,066 644,764
CREDITORS
Amounts falling due within one year 6 449,389 361,073
NET CURRENT ASSETS 67,677 283,691
TOTAL ASSETS LESS CURRENT LIABILITIES 140,282 356,404

CREDITORS
Amounts falling due after more than one
year

7

(4,218

)

(236,744

)

PROVISIONS FOR LIABILITIES (5,333 ) (4,813 )
NET ASSETS 130,731 114,847

CAPITAL AND RESERVES
Called up share capital 9 160 160
Capital redemption reserve 40 40
Retained earnings 130,531 114,647
SHAREHOLDERS' FUNDS 130,731 114,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:





A James - Director


WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022


1. STATUTORY INFORMATION

Warner Contracting 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 financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Government grants and covid-19
The company has received support from the UK Government as part of a package of measures introduced to support businesses during the coronavirus pandemic. Government grants are recognised in the financial statements in the period in which they become receivable.

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

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.

WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 14 ) .

WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021 148,382
Additions 23,213
Disposals (14,999 )
At 30 April 2022 156,596
DEPRECIATION
At 1 May 2021 75,669
Charge for year 23,321
Eliminated on disposal (14,999 )
At 30 April 2022 83,991
NET BOOK VALUE
At 30 April 2022 72,605
At 30 April 2021 72,713

Included in the total net book value of fixed assets held at 30 April 2021 was £39,482 (2020 - £56,847) in respect of assets held under hire purchase and leasing agreements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 372,505 225,763
Other debtors 48,304 10,011
420,809 235,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 12,526 12,526
Trade creditors 325,823 198,690
Taxation and social security 39,381 86,552
Other creditors 71,659 63,305
449,389 361,073

WARNER CONTRACTING LIMITED (REGISTERED NUMBER: 02199959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 220,000
Hire purchase contracts 4,218 16,744
4,218 236,744

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 16,744 29,270

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
160 Ordinary £1 160 160

10. RELATED PARTY DISCLOSURES

Creditors due within one year include £60,965 (2021 - £55,913) which is owed to the directors of the company.