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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
Page
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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
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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
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Wilson-Stone Contracting Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,939 
46,020 
Current assets
Debtors
198,806 
12,701 
Cash at bank and in hand
57,117 
267,635 
255,923 
280,336 
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)
Net assets
56,030 
169,826 
Capital and reserves
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
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Wilson-Stone Contracting Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 October 2023
35,339 
4,600 
39,939 
At 31 October 2022
46,020 
- 
46,020 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,348 
3,117 
Trade debtors
11,914 
9,584 
Other debtors
183,544 
- 
198,806 
12,701 
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 
Other creditors
- 
3,706 
Accruals
1,300 
1,500 
26,016 
102,808 
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 
208,241 
47,120 
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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 
2023 
2022 
£ 
£ 
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 
9
Share capital
2023 
2022 
£ 
£ 
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.
11
Controlling party
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).
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