Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-302021-12-01falseConstruction of other civil engineering projects not elsewhere classified11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01435397 2021-12-01 2022-11-30 01435397 2020-12-01 2021-11-30 01435397 2022-11-30 01435397 2021-11-30 01435397 c:Director1 2021-12-01 2022-11-30 01435397 d:Buildings 2022-11-30 01435397 d:Buildings 2021-11-30 01435397 d:Buildings d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 01435397 d:FurnitureFittings 2021-12-01 2022-11-30 01435397 d:FurnitureFittings 2022-11-30 01435397 d:FurnitureFittings 2021-11-30 01435397 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 01435397 d:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 01435397 d:CurrentFinancialInstruments 2022-11-30 01435397 d:CurrentFinancialInstruments 2021-11-30 01435397 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 01435397 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 01435397 d:ShareCapital 2022-11-30 01435397 d:ShareCapital 2021-11-30 01435397 d:CapitalRedemptionReserve 2022-11-30 01435397 d:CapitalRedemptionReserve 2021-11-30 01435397 d:RevaluationReserve 2022-11-30 01435397 d:RevaluationReserve 2021-11-30 01435397 d:RetainedEarningsAccumulatedLosses 2022-11-30 01435397 d:RetainedEarningsAccumulatedLosses 2021-11-30 01435397 c:OrdinaryShareClass1 2021-12-01 2022-11-30 01435397 c:OrdinaryShareClass1 2022-11-30 01435397 c:OrdinaryShareClass1 2021-11-30 01435397 c:OrdinaryShareClass2 2021-12-01 2022-11-30 01435397 c:OrdinaryShareClass2 2022-11-30 01435397 c:OrdinaryShareClass2 2021-11-30 01435397 c:FRS102 2021-12-01 2022-11-30 01435397 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 01435397 c:FullAccounts 2021-12-01 2022-11-30 01435397 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 01435397 2 2021-12-01 2022-11-30 01435397 5 2021-12-01 2022-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01435397









B. WAHL & CO. CONTRACTORS (KENT) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
REGISTERED NUMBER: 01435397

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

TANGIBLE FIXED ASSETS
  
315,695
315,926

FIXED ASSET INVESTMENTS
  
291,955
291,955

  
607,650
607,881

Current assets
  

Debtors: amounts falling due within one year
 6 
229
220

Cash at bank and in hand
 7 
258,268
274,433

  
258,497
274,653

Creditors: amounts falling due within one year
 8 
(66,364)
(56,061)

Net current assets
  
 
 
192,133
 
 
218,592

Total assets less current liabilities
  
799,783
826,473

  

Net assets
  
799,783
826,473


Capital and reserves
  

Called up share capital 
 9 
60
60

Revaluation reserve
  
194,117
194,117

Capital redemption reserve
  
40
40

Profit and loss account
  
605,566
632,256

  
799,783
826,473


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
Page 1

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
REGISTERED NUMBER: 01435397
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2023.




B Wahl Esq
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

B Wahl & Co. Contractors (Kent) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is on the company information page. The principal activity of the company during the year has been that of property construction, development and lettings. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the rental consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 5

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Tangible fixed assets





Freehold property
Fixtures & Fittings
Total

£
£
£



Cost or valuation


At 1 December 2021
315,000
25,231
340,231



At 30 November 2022

315,000
25,231
340,231



Depreciation


At 1 December 2021
-
24,305
24,305


Charge for the year on owned assets
-
231
231



At 30 November 2022

-
24,536
24,536



Net book value



At 30 November 2022
315,000
695
315,695



At 30 November 2021
315,000
926
315,926

Cost or valuation at 30 November 2022 is as follows:

Land and buildings
£


At cost
120,883
At valuation:

30 November 2020 at open market value
194,117



315,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2022
2021
£
£



Cost
120,883
120,883

Net book value
120,883
120,883

Page 6

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

5.


Fixed asset investments





Other Fixed Asset Investments

£



Cost or valuation


At 1 December 2021
291,955



At 30 November 2022
291,955





6.


Debtors

2022
2021
£
£


Prepayments
229
220

229
220



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
258,268
274,433

258,268
274,433



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
4,013
3,404

Other taxation and social security
8,588
8,588

Other creditors
46,213
40,294

Accruals
7,550
3,775

66,364
56,061


Page 7

 
B. WAHL & CO. CONTRACTORS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



57 (2021 - 57) Ordinary shares of £1.00 each
57
57
3 (2021 - 3) Ordinary A shares of £1.00 each
3
3

60

60


 
Page 8