Company Registration No. 06576920 (England and Wales)
Wilson-Stone Contracting Ltd
Unaudited accounts
for the year ended 31 October 2023
Wilson-Stone Contracting Ltd
Unaudited accounts
Contents
Wilson-Stone Contracting Ltd
Company Information
for the year ended 31 October 2023
Directors
Dean Hayman Stone
Lucy Jane Hadingham
Company Number
06576920 (England and Wales)
Registered Office
432
Gloucester Road
Bristol
BS7 8TX
United Kingdom
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Wilson-Stone Contracting Ltd
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wilson-Stone Contracting Ltd for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
28 February 2024
Wilson-Stone Contracting Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
39,939
46,020
Cash at bank and in hand
57,117
267,635
Creditors: amounts falling due within one year
(26,016)
(102,808)
Net current assets
229,907
177,528
Total assets less current liabilities
269,846
223,548
Creditors: amounts falling due after more than one year
(208,241)
(47,120)
Provisions for liabilities
Deferred tax
(5,575)
(6,602)
Called up share capital
100
100
Profit and loss account
55,930
169,726
Shareholders' funds
56,030
169,826
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
Dean Hayman Stone
Director
Company Registration No. 06576920
Wilson-Stone Contracting Ltd
Notes to the Accounts
for the year ended 31 October 2023
Wilson-Stone Contracting Ltd is a private company, limited by shares, registered in England and Wales, registration number 06576920. The registered office is 432, Gloucester Road, Bristol, BS7 8TX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
4 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Wilson-Stone Contracting Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
66,012
-
66,012
Additions
2,458
6,000
8,458
At 31 October 2023
68,470
6,000
74,470
At 1 November 2022
19,992
-
19,992
Charge for the year
13,139
1,400
14,539
At 31 October 2023
33,131
1,400
34,531
At 31 October 2023
35,339
4,600
39,939
At 31 October 2022
46,020
-
46,020
Amounts falling due within one year
Trade debtors
11,914
9,584
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,975
-
Trade creditors
7,822
44,795
Taxes and social security
11,919
52,807
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
208,241
-
Loans from directors
-
47,120
Wilson-Stone Contracting Ltd
Notes to the Accounts
for the year ended 31 October 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
5,575
6,602
Provision at start of year
6,602
14,357
Credited to the profit and loss account
(1,027)
(7,755)
Provision at end of year
5,575
6,602
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
At the balance sheet date:
- the company was due £53,544 from Wilson-Stone Group Ltd (14362393), a company under common control.
- the company owed £208,241 to Wilson-Stone Holdings Ltd (14359800), a group company.
The company is a wholly owned subsidiary of Wilson-Stone Group Ltd (14359800).
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).