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REGISTERED NUMBER: 01943490 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

WHARTON CONSTRUCTION LIMITED

WHARTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 01943490)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WHARTON CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: P Wharton
Mrs S Wharton
M Wharton
C Lee



SECRETARY: Mrs S Wharton



REGISTERED OFFICE: Kellaw Road
Yarm Road Industrial Estate
Darlington
Co. Durham
DL1 4YA



REGISTERED NUMBER: 01943490 (England and Wales)



BANKERS: Barclays Bank Plc
Darlington & The Dales Corporate Suite
PO Box 31
27/31 High Row
Darlington
Co. Durham
DL3 7QS

WHARTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 01943490)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 364,086 336,850

CURRENT ASSETS
Stocks 118,486 121,928
Debtors 2,373,500 2,255,384
Cash at bank and in hand 1,626,789 1,571,098
4,118,775 3,948,410
CREDITORS
Amounts falling due within one year 3,404,607 3,640,532
NET CURRENT ASSETS 714,168 307,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,078,254

644,728

CREDITORS
Amounts falling due after more than one
year

55,594

41,409
NET ASSETS 1,022,660 603,319

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 5 217,011 220,993
Retained earnings 785,649 362,326
SHAREHOLDERS' FUNDS 1,022,660 603,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WHARTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 01943490)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





M Wharton - Director


WHARTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 01943490)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Wharton Construction Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the value of sales excluding value added tax as adjusted for work in progress.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold land and buildings - Over the term of the lease
Plant and machinery - 25% on reducing balance
Furniture and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and work in progress
Stocks are stated at the lower of cost and net realisable value. In respect of work in progress cost includes a relevant proportion of overheads according to the stage of completion, and is reduced to the extent that invoicing is in advance of work done.


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.

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.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

WHARTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 01943490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Retentions
Retentions due to the company in respect of work completed at the balance sheet date are included in trade debtors. Provision is made against the value of retentions to cover the possibility of remedial works.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST OR VALUATION
At 1 October 2022 480,217
Additions 61,543
Disposals (29,443 )
At 30 September 2023 512,317
DEPRECIATION
At 1 October 2022 143,367
Charge for year 17,661
Eliminated on disposal (12,797 )
At 30 September 2023 148,231
NET BOOK VALUE
At 30 September 2023 364,086
At 30 September 2022 336,850

Cost or valuation at 30 September 2023 is represented by:

Totals
£
Valuation in 2022 223,000
Cost 289,317
512,317

5. RESERVES
Revaluation
reserve
£
At 1 October 2022 220,993
Transfer (3,982 )

At 30 September 2023 217,011

WHARTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 01943490)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£ £
P Wharton
Balance outstanding at start of year 2,232 2,232
Amounts repaid (409 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,823 2,232

M Wharton
Balance outstanding at start of year 20,591 20,591
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,591 20,591