Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09944983 L Whaley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09944983 2023-01-31 09944983 2024-01-31 09944983 2023-02-01 2024-01-31 09944983 frs-core:CurrentFinancialInstruments 2024-01-31 09944983 frs-core:Non-currentFinancialInstruments 2024-01-31 09944983 frs-core:BetweenOneFiveYears 2024-01-31 09944983 frs-core:MotorVehicles 2024-01-31 09944983 frs-core:MotorVehicles 2023-02-01 2024-01-31 09944983 frs-core:MotorVehicles 2023-01-31 09944983 frs-core:PlantMachinery 2024-01-31 09944983 frs-core:PlantMachinery 2023-02-01 2024-01-31 09944983 frs-core:PlantMachinery 2023-01-31 09944983 frs-core:WithinOneYear 2024-01-31 09944983 frs-core:ShareCapital 2024-01-31 09944983 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09944983 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09944983 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09944983 frs-bus:SmallEntities 2023-02-01 2024-01-31 09944983 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09944983 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09944983 frs-bus:Director1 2023-02-01 2024-01-31 09944983 frs-countries:EnglandWales 2023-02-01 2024-01-31 09944983 2022-01-31 09944983 2023-01-31 09944983 2022-02-01 2023-01-31 09944983 frs-core:CurrentFinancialInstruments 2023-01-31 09944983 frs-core:Non-currentFinancialInstruments 2023-01-31 09944983 frs-core:BetweenOneFiveYears 2023-01-31 09944983 frs-core:WithinOneYear 2023-01-31 09944983 frs-core:ShareCapital 2023-01-31 09944983 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09944983
LJ Whaley Groundwork, Civil Engineering Contractors Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Paragon Business Services
178 Hull Road
Hessle
East Yorkshire
HU13 9NH
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09944983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,055 73,872
113,055 73,872
CURRENT ASSETS
Stocks 5 72,005 -
Debtors 6 264,177 253,258
Cash at bank and in hand 1,015,821 716,076
1,352,003 969,334
Creditors: Amounts Falling Due Within One Year 7 (397,072 ) (317,683 )
NET CURRENT ASSETS (LIABILITIES) 954,931 651,651
TOTAL ASSETS LESS CURRENT LIABILITIES 1,067,986 725,523
Creditors: Amounts Falling Due After More Than One Year 8 (54,450 ) (36,142 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,560 ) (13,280 )
NET ASSETS 986,976 676,101
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 986,975 676,100
SHAREHOLDERS' FUNDS 986,976 676,101
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Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L Whaley
Director
10/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
LJ Whaley Groundwork, Civil Engineering Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09944983 . The registered office is One Business Village, 1 Emily Street, Hull, HU9 1ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15
Motor Vehicles 25
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 24,695 85,743 110,438
Additions 5,352 68,383 73,735
As at 31 January 2024 30,047 154,126 184,173
Depreciation
As at 1 February 2023 6,552 30,014 36,566
Provided during the period 3,524 31,028 34,552
As at 31 January 2024 10,076 61,042 71,118
Net Book Value
As at 31 January 2024 19,971 93,084 113,055
As at 1 February 2023 18,143 55,729 73,872
5. Stocks
2024 2023
£ £
Work in progress 72,005 -
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 219,858 221,145
Other debtors 44,319 32,113
264,177 253,258
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,693 14,755
Trade creditors 153,472 182,618
Corporation tax 120,709 106,958
Other creditors 98,198 13,352
397,072 317,683
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,450 36,142
54,450 36,142
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 24,693 14,755
Later than one year and not later than five years 54,450 36,142
79,143 50,897
79,143 50,897
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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