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REGISTERED NUMBER: 06599706 (England and Wales)











Financial Statements

for the Year Ended 31 May 2023

for

WAVERLEY CONSTRUCTION SERVICES LTD

WAVERLEY CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 06599706)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAVERLEY CONSTRUCTION SERVICES LTD

Company Information
for the Year Ended 31 May 2023







DIRECTOR: A R Perrett





SECRETARY:





REGISTERED OFFICE: Brook House
Mint Street
Godalming
Surrey
GU7 1HE





REGISTERED NUMBER: 06599706 (England and Wales)





ACCOUNTANTS: Churchmill Partnership Limited
Brook House
Mint Street
Godalming
Surrey
GU7 1HE

WAVERLEY CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 06599706)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252 449

CURRENT ASSETS
Stocks 300,000 290,000
Debtors 5 99,043 188,847
Cash in hand 4,140 4,140
403,183 482,987
CREDITORS
Amounts falling due within one year 6 359,301 438,195
NET CURRENT ASSETS 43,882 44,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,134

45,241

CREDITORS
Amounts falling due after more than one
year

7

29,963

50,594
NET ASSETS/(LIABILITIES) 14,171 (5,353 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,071 (5,453 )
SHAREHOLDERS' FUNDS 14,171 (5,353 )

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

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

WAVERLEY CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 06599706)

Balance Sheet - continued
31 May 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 director and authorised for issue on 15 February 2024 and were signed by:





A R Perrett - Director


WAVERLEY CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 06599706)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Waverley Construction Services 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.

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.

The financial statements have been drawn up on a going concern basis notwithstanding the losses made in the financial year. The director considers that the company has the funds available to meet its liabilities as they fall due and, on the basis of projections prepared for twelve months from the date of these accounts, that the going concern basis of preparing the accounts remains appropriate.

Turnover
Turnover represents net invoiced sales of building and construction services, excluding value added tax, and are recognised in the month to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


WAVERLEY CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 06599706)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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
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.

Hire purchase and leasing
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under finance leases 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 the profit and loss account over the relevant period. The capital element of the future obligations is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

WAVERLEY CONSTRUCTION SERVICES LTD (REGISTERED NUMBER: 06599706)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 8,770 2,642 11,412
Disposals - (114 ) (114 )
At 31 May 2023 8,770 2,528 11,298
DEPRECIATION
At 1 June 2022 8,495 2,468 10,963
Charge for year 68 15 83
At 31 May 2023 8,563 2,483 11,046
NET BOOK VALUE
At 31 May 2023 207 45 252
At 31 May 2022 275 174 449

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 8,020
Other debtors 99,043 180,827
99,043 188,847

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 28,449 10,401
Trade creditors 101,990 141,798
Taxation and social security 213,856 260,192
Other creditors 15,006 25,804
359,301 438,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 29,963 50,594