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Registration number: 06418741

W.H. Tarmacadam Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

W.H. Tarmacadam Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 11

 

W.H. Tarmacadam Limited

Company Information

Directors

Mr J Hill

Mr WF Hill

Mr WS Hill

Mrs NV Hill

Company secretary

Mrs NV Hill

Registered office

Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
W.H. Tarmacadam Limited
for the Year Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W.H. Tarmacadam Limited for the year ended 31 December 2022 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of W.H. Tarmacadam Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of W.H. Tarmacadam Limited and state those matters that we have agreed to state to the Board of Directors of W.H. Tarmacadam Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.H. Tarmacadam Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that W.H. Tarmacadam Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W.H. Tarmacadam Limited. You consider that W.H. Tarmacadam Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of W.H. Tarmacadam Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

26 October 2023

 

W.H. Tarmacadam Limited

Profit and Loss Account for the Year Ended 31 December 2022

Note

2022
£

2021
£

Turnover

 

798,966

673,707

Cost of sales

 

(296,204)

(249,179)

Gross profit

 

502,762

424,528

Distribution costs

 

-

(650)

Administrative expenses

 

(109,630)

(185,535)

Other operating income

 

203

604

Operating profit

 

393,335

238,947

Other interest receivable and similar income

 

695

132

Interest payable and similar expenses

 

(192)

-

   

503

132

Profit before tax

393,838

239,079

Tax on profit

 

(81,116)

(58,807)

Profit for the financial year

 

312,722

180,272

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

W.H. Tarmacadam Limited

(Registration number: 06418741)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

199,783

93,122

Current assets

 

Debtors

5

588,203

602,716

Cash at bank and in hand

 

328,685

351,491

 

916,888

954,207

Creditors: Amounts falling due within one year

6

(93,569)

(209,201)

Net current assets

 

823,319

745,006

Total assets less current liabilities

 

1,023,102

838,128

Provisions for liabilities

(49,946)

(17,694)

Net assets

 

973,156

820,434

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

973,056

820,334

Shareholders' funds

 

973,156

820,434

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2023 and signed on its behalf by:
 

 

W.H. Tarmacadam Limited

(Registration number: 06418741)
Balance Sheet as at 31 December 2022

.........................................
Mrs NV Hill
Company secretary and director

 

W.H. Tarmacadam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF
England

These financial statements were authorised for issue by the Board on 26 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

W.H. Tarmacadam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Straight Line

Motor Vehicles

25% Reducing Balance

Fixtures & Fittings

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

W.H. Tarmacadam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2021 - 4).

 

W.H. Tarmacadam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 January 2022

10,000

115,217

225,609

350,826

Additions

5,000

104,917

61,400

171,317

Disposals

-

-

(73,100)

(73,100)

At 31 December 2022

15,000

220,134

213,909

449,043

Depreciation

At 1 January 2022

9,141

63,745

184,818

257,704

Charge for the year

588

24,206

9,749

34,543

Eliminated on disposal

-

-

(42,987)

(42,987)

At 31 December 2022

9,729

87,951

151,580

249,260

Carrying amount

At 31 December 2022

5,271

132,183

62,329

199,783

At 31 December 2021

859

51,472

40,791

93,122

5

Debtors

Current

Note

2022
£

2021
£

Trade debtors

 

31,849

31,441

Amounts owed by related parties

8

502,360

502,360

Prepayments

 

1,401

1,129

Other debtors

 

52,593

67,786

   

588,203

602,716

 

W.H. Tarmacadam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

18,567

28,043

Taxation and social security

56,502

86,348

Accruals and deferred income

18,500

94,810

93,569

209,201

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Related party transactions

Loans to related parties

2022

Key management
£

Total
£

At start of period

14,568

14,568

Advanced

17,355

17,355

Repaid

(14,568)

(14,568)

At end of period

17,355

17,355

2021

Key management
£

Total
£

At start of period

21,047

21,047

Advanced

14,568

14,568

Repaid

(21,047)

(21,047)

At end of period

14,568

14,568

Terms of loans to related parties

 

W.H. Tarmacadam Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Loans to directors are unsecured, repayable on demand, and interest is charged at the official rate on any balance that exceeds £10,000 throughout the year.