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REGISTERED NUMBER: 02695327 (England and Wales)

























Financial Statements

for the Year Ended 31 March 2023

for

Wilkins Builders Ltd

Wilkins Builders Ltd (Registered number: 02695327)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wilkins Builders Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: K White
D Wilkins





REGISTERED OFFICE: Unit 10
Fourbrooks Business Park
Stanier Road
Calne
Wiltshire
SN11 9PP





REGISTERED NUMBER: 02695327 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Wilkins Builders Ltd (Registered number: 02695327)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 450,694 444,618

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 745,110 455,562
Cash at bank and in hand 265,434 228,255
1,013,044 686,317
CREDITORS
Amounts falling due within one year 6 873,252 616,440
NET CURRENT ASSETS 139,792 69,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,486

514,495

CREDITORS
Amounts falling due after more than one
year

7

(24,111

)

(37,794

)

PROVISIONS FOR LIABILITIES (29,403 ) (6,151 )
NET ASSETS 536,972 470,550

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 536,872 470,450
SHAREHOLDERS' FUNDS 536,972 470,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Wilkins Builders Ltd (Registered number: 02695327)

Balance Sheet - continued
31 March 2023


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 10 October 2023 and were signed on its behalf by:





K White - Director


Wilkins Builders Ltd (Registered number: 02695327)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wilkins Builders Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance, 20% on cost and 15% on reducing balance

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

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Wilkins Builders Ltd (Registered number: 02695327)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Leasing agreements
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Minimum lease payments under non-cancellable operating leases fall due as follows:

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 376,694 354,307 731,001
Additions - 41,682 41,682
Disposals - (28,892 ) (28,892 )
At 31 March 2023 376,694 367,097 743,791
DEPRECIATION
At 1 April 2022 41,436 244,947 286,383
Charge for year 7,534 26,472 34,006
Eliminated on disposal - (27,292 ) (27,292 )
At 31 March 2023 48,970 244,127 293,097
NET BOOK VALUE
At 31 March 2023 327,724 122,970 450,694
At 31 March 2022 335,258 109,360 444,618

Wilkins Builders Ltd (Registered number: 02695327)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 46,664
Transfer to ownership (21,500 )
At 31 March 2023 25,164
DEPRECIATION
At 1 April 2022 17,787
Charge for year 4,332
Transfer to ownership (8,400 )
At 31 March 2023 13,719
NET BOOK VALUE
At 31 March 2023 11,445
At 31 March 2022 28,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 523,929 239,085
Amounts recoverable on long
term contracts 174,739 209,170
Other debtors 40,000 -
Prepayments 6,442 7,307
745,110 455,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 432,030 252,197
Other creditors 441,222 364,243
873,252 616,440

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 24,111 37,794

8. ULTIMATE CONTROLLING PARTY

The controlling party is Wilkins Builders Topco Limited.