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REGISTERED NUMBER: 07212887 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

WD Facades Ltd

WD Facades Ltd (Registered number: 07212887)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WD Facades Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: W J Little





REGISTERED OFFICE: Bretton House
Bell Meadow Business Park
Park Lane
Pulford
Chester
CH4 9EP





REGISTERED NUMBER: 07212887 (England and Wales)





ACCOUNTANTS: DUNCAN BOXWELL & COMPANY LIMITED
Bretton House
Bell Meadow Business Park
Pulford
Chester
Cheshire
CH4 9EP

WD Facades Ltd (Registered number: 07212887)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 139,763 114,427

CURRENT ASSETS
Inventories 27,861 43,546
Debtors 5 345,754 445,332
Prepayments and accrued income 60,755 63,485
Cash at bank and in hand 334,923 178,089
769,293 730,452
CREDITORS
Amounts falling due within one year 6 449,716 453,729
NET CURRENT ASSETS 319,577 276,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,340

391,150

CREDITORS
Amounts falling due after more than
one year

7

(171,389

)

(151,957

)

PROVISIONS FOR LIABILITIES (17,324 ) (7,497 )

ACCRUALS AND DEFERRED INCOME (5,500 ) (17,129 )
NET ASSETS 265,127 214,567

WD Facades Ltd (Registered number: 07212887)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 1 1
Capital redemption reserve 1 1
Retained earnings 265,125 214,565
SHAREHOLDERS' FUNDS 265,127 214,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





W J Little - Director


WD Facades Ltd (Registered number: 07212887)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

WD Facades Ltd 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% Straight Line
Fixtures and fittings - 11% Straight Line
Motor vehicles - 25% Straight Line
Computer equipment - 14% Straight line

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

WD Facades Ltd (Registered number: 07212887)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 20 ) .

WD Facades Ltd (Registered number: 07212887)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 12,208 25,214 230,979 47,564 315,965
Additions - - 105,495 - 105,495
At 31 December 2023 12,208 25,214 336,474 47,564 421,460
DEPRECIATION
At 1 January 2023 12,176 18,272 121,622 49,468 201,538
Charge for year 32 2,723 78,577 (1,173 ) 80,159
At 31 December 2023 12,208 20,995 200,199 48,295 281,697
NET BOOK VALUE
At 31 December 2023 - 4,219 136,275 (731 ) 139,763
At 31 December 2022 32 6,942 109,357 (1,904 ) 114,427

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 305,788 408,346
Other debtors 39,966 36,986
345,754 445,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8)
23,587

23,556
Finance leases (see note 9) 50,737 43,847
Trade creditors 323,914 214,579
Taxation and social security 50,815 102,379
Other creditors 663 69,368
449,716 453,729

WD Facades Ltd (Registered number: 07212887)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 55,593 79,148
Finance leases (see note 9) 115,796 72,809
171,389 151,957

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 31 -
Bank loans 23,556 23,556
23,587 23,556

Amounts falling due between one and two years:
Bank loans - 1-2 years 55,593 79,148

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 50,737 43,847
Between one and five years 115,796 72,809
166,533 116,656

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary 1 1 1

WD Facades Ltd (Registered number: 07212887)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
W J Little
Balance outstanding at start of year (69,768 ) (41,986 )
Amounts advanced 210,361 -
Amounts repaid (141,151 ) (27,782 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (558 ) (69,768 )