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REGISTERED NUMBER: 11209714 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 28 February 2023

for

Wolf Building and Construction Ltd

Wolf Building and Construction Ltd (Registered number: 11209714)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wolf Building and Construction Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr T Warner





REGISTERED OFFICE: 26 Sansome Walk
Worcester
Worcestershire
WR1 1LX





REGISTERED NUMBER: 11209714 (England and Wales)





ACCOUNTANTS: Smart Accountancy Solutions Limited
26 Sansome Walk
Worcester
WR1 1LX

Wolf Building and Construction Ltd (Registered number: 11209714)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,547 131,699

CURRENT ASSETS
Debtors 101,355 91,596
Cash at bank 80,242 40,167
181,597 131,763
CREDITORS
Amounts falling due within one year 169,163 108,310
NET CURRENT ASSETS 12,434 23,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,981

155,152

CREDITORS
Amounts falling due after more than
one year

(131,348

)

(129,199

)

PROVISIONS FOR LIABILITIES (40,137 ) (25,023 )
NET ASSETS 1,496 930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,396 830
1,496 930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wolf Building and Construction Ltd (Registered number: 11209714)

Abridged Balance Sheet - continued
28 February 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:





Mr T Warner - Director


Wolf Building and Construction Ltd (Registered number: 11209714)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Wolf Building and Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, adjusted for transactions costs. Debt instruments are a subsequently carried at amortised cost, using the effective interest method. Where the arrangement constitutes a financing transaction, the debt instrument is measured at present value of future receipts, discounted at a market rate of interest.


Wolf Building and Construction Ltd (Registered number: 11209714)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2022 - 1 ) .

Wolf Building and Construction Ltd (Registered number: 11209714)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 159,970
Additions 69,895
Disposals (12,097 )
At 28 February 2023 217,768
DEPRECIATION
At 1 March 2022 28,271
Charge for year 32,667
Eliminated on disposal (3,717 )
At 28 February 2023 57,221
NET BOOK VALUE
At 28 February 2023 160,547
At 28 February 2022 131,699

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

Totals
£   
COST
At 1 March 2022 139,640
Additions 59,160
Disposals (12,097 )
At 28 February 2023 186,703
DEPRECIATION
At 1 March 2022 22,297
Charge for year 28,612
Eliminated on disposal (3,717 )
At 28 February 2023 47,192
NET BOOK VALUE
At 28 February 2023 139,511
At 28 February 2022 117,343

Wolf Building and Construction Ltd (Registered number: 11209714)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr T Warner
Balance outstanding at start of year 30,192 16,911
Amounts advanced 30,217 30,192
Amounts repaid (30,192 ) (16,911 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,217 30,192

The directors loan was repaid within 9 months of the year end.

Loan interest has been charged at 2% (2022 - 2.5%).