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REGISTERED NUMBER: 10563240 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

W P DESIGN AND BUILD LIMITED

W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W P DESIGN AND BUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: P A Evans
W Farish





REGISTERED OFFICE: 15 Cordell Close
St Ives
Cambridgeshire
PE27 6UL





REGISTERED NUMBER: 10563240 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,492 17,990

CURRENT ASSETS
Debtors 5 512 7,703
Cash at bank 6 23,741 21,799
24,253 29,502
CREDITORS
Amounts falling due within one year 7 48,841 48,840
NET CURRENT LIABILITIES (24,588 ) (19,338 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,096 ) (1,348 )

CREDITORS
Amounts falling due after more than
one year

8

-

(2,194

)

PROVISIONS FOR LIABILITIES 9 (2,563 ) (3,418 )
NET LIABILITIES (13,659 ) (6,960 )

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings (13,679 ) (6,980 )
SHAREHOLDERS' FUNDS (13,659 ) (6,960 )

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

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

W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

BALANCE SHEET - continued
31 JANUARY 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 November 2023 and were signed on its behalf by:





P A Evans - Director


W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

W P Design and Build 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
The principle accounting polices adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have consistently been applied within the same accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Going concern
The accounts have been prepared on a going concern basis. In making this assessment the directors have considered the foreseeable cash flows and liability of the company.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 17,990 19,745 37,735
DEPRECIATION
At 1 February 2022 11,107 8,638 19,745
Charge for year 1,721 2,777 4,498
At 31 January 2023 12,828 11,415 24,243
NET BOOK VALUE
At 31 January 2023 5,162 8,330 13,492
At 31 January 2022 6,883 11,107 17,990

W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2022
and 31 January 2023 16,250
DEPRECIATION
At 1 February 2022 9,966
Charge for year 1,571
At 31 January 2023 11,537
NET BOOK VALUE
At 31 January 2023 4,713
At 31 January 2022 6,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax - 5,947
VAT 512 304
Prepayments - 1,452
512 7,703

6. CASH AT BANK
2023 2022
£    £   
Bank account 23,741 21,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,194 2,925
Trade creditors 912 50
PAYE 1,357 1,357
Directors' current accounts 43,643 43,808
Accrued expenses 735 700
48,841 48,840

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,194

W P DESIGN AND BUILD LIMITED (REGISTERED NUMBER: 10563240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,563 3,418

Deferred
tax
£   
Balance at 1 February 2022 3,418
Provided during year (855 )
Balance at 31 January 2023 2,563

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary shares £1 20 20

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end included in other creditors is a loan from P Evans to the company of £13,197 (2022 : £13,375) and loan from W Farish to the company of £30,446 (2022 : £30,433). Both loans are interest free and payable on demand.

12. RELATED PARTY DISCLOSURES

At Companies House a charge is registered over the following land and buildings:

Freehold land and buildings on the southside of Townsend Road, Needingworth, St Ives as registered with title absolute at HM land Registry under title number CB17310.

The freehold land lying to the south of Townsend Road, Needingworth, St Ives as registered with title absolute at HM land Registry under title number CB81104.

The freehold land at Alabama Way, St Ives as registered with title absolute at HM land Registry under title number CB415398.

13. ULTIMATE CONTROLLING PARTY

By virtue of W Farish and P Evans both having a 50% share holding in the company. There is no ultimate controlling party.