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S.Walsh Contractors & Plant Hire Limited
Registered Number:05727543
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
S.Walsh Contractors & Plant Hire Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05727543
As at 31 March 2023
S.Walsh Contractors & Plant Hire Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
117,952
71,575
2
117,952
71,575
Current assets
Trade and other receivables
17,763
40,782
3
56,087
Cash and cash equivalents
10,931
51,713
73,850
Trade and other payables: amounts falling due within one
year
(5,166)
(7,851)
4
68,684
43,862
Net current assets
Total assets less current liabilities
161,814
140,259
Trade and other payables: amounts falling due after more
than one year
(41,126)
(21,775)
5
2,156
2,156
Provisions for liabilities
142,195
Net assets
101,289
Capital and reserves
Called up share capital
1
1
Retained earnings
142,194
101,288
142,195
101,289
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Shaun Walsh Director
These financial statements were approved and authorised for issue by the Board on 24 November 2023 and were signed by:
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4
Registered Number :
05727543
For the year ended 31 March 2023
S.Walsh Contractors & Plant Hire Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
S.Walsh Contractors & Plant Hire Limited
Notes to the Financial Statements
Statutory Information
S.Walsh Contractors & Plant Hire Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05727543.
Registered address:
Town Hill Farm
Bush Lane
Freckleton
Preston
PR4 1UH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 March 2023
S.Walsh Contractors & Plant Hire Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2022
183,740
69,666
Additions
At 31 March 2023
253,406
Provision for depreciation and impairment
At 01 April 2022
112,165
Charge for year
23,289
At 31 March 2023
135,454
At 31 March 2023
Net book value
117,952
At 31 March 2022
71,575
3. Trade and other receivables
2022
2023
£
£
Trade debtors
27,441
16,662
Other debtors
13,341
1,101
17,763
40,782
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
7,138
4,473
Other creditors
713
693
7,851
5,166
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
21,775
41,126
6. Average number of persons employed
During the year the average number of employees was 0
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7
For the year ended 31 March 2023
S.Walsh Contractors & Plant Hire Limited
Notes to the Financial Statements Continued
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