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COMPANY REGISTRATION NUMBER: 12696509
WEST LEEDS CIVILS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 June 2023
WEST LEEDS CIVILS LIMITED
STATEMENT OF FINANCIAL POSITION
29 June 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
490,712
367,576
CURRENT ASSETS
Stocks
60,000
20,000
Debtors
6
362,515
122,186
Cash at bank and in hand
53,775
127,807
---------
---------
476,290
269,993
CREDITORS: amounts falling due within one year
7
( 197,972)
( 93,596)
---------
---------
NET CURRENT ASSETS
278,318
176,397
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
769,030
543,973
CREDITORS: amounts falling due after more than one year
8
( 494,370)
( 373,233)
---------
---------
NET ASSETS
274,660
170,740
---------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
274,659
170,739
---------
---------
SHAREHOLDERS FUNDS
274,660
170,740
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WEST LEEDS CIVILS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 June 2023
These financial statements were approved by the board of directors and authorised for issue on 14 February 2024 , and are signed on behalf of the board by:
A Atkins
Director
Company registration number: 12696509
WEST LEEDS CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4, Brown Avenue, Leeds, LS11 0DS, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
20% 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. Cost comprises the acquisition and development costs excluding interest. Development costs include infrastructure costs and costs of houses built. The cost of land acquisition includes options to purchase land, and the cost of any investigation work prior to purchase.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 30 June 2022
420,830
38,850
459,680
Additions
318,850
2,048
12,750
333,648
Disposals
( 66,750)
( 66,750)
---------
-------
--------
---------
At 29 June 2023
672,930
2,048
51,600
726,578
---------
-------
--------
---------
Depreciation
At 30 June 2022
84,334
7,770
92,104
Charge for the year
134,586
410
8,766
143,762
---------
-------
--------
---------
At 29 June 2023
218,920
410
16,536
235,866
---------
-------
--------
---------
Carrying amount
At 29 June 2023
454,010
1,638
35,064
490,712
---------
-------
--------
---------
At 29 June 2022
336,496
31,080
367,576
---------
-------
--------
---------
6. DEBTORS
2023
2022
£
£
Trade debtors
24,479
12,580
Other debtors
338,036
109,606
---------
---------
362,515
122,186
---------
---------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
113,081
63,208
Corporation tax
4,902
4,902
Social security and other taxes
2,283
Other creditors
77,706
25,486
---------
--------
197,972
93,596
---------
--------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
494,370
373,233
---------
---------