IRIS Accounts Production v24.1.9.2 12284140 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122841402022-10-31122841402023-10-31122841402022-11-012023-10-31122841402021-10-31122841402021-11-012022-10-31122841402022-10-3112284140ns15:EnglandWales2022-11-012023-10-3112284140ns14:PoundSterling2022-11-012023-10-3112284140ns10:Director12022-11-012023-10-3112284140ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3112284140ns10:SmallEntities2022-11-012023-10-3112284140ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3112284140ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3112284140ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3112284140ns10:FullAccounts2022-11-012023-10-3112284140ns10:RegisteredOffice2022-11-012023-10-3112284140ns5:CurrentFinancialInstruments2023-10-3112284140ns5:CurrentFinancialInstruments2022-10-3112284140ns5:Non-currentFinancialInstruments2023-10-3112284140ns5:Non-currentFinancialInstruments2022-10-3112284140ns5:ShareCapital2023-10-3112284140ns5:ShareCapital2022-10-3112284140ns5:RetainedEarningsAccumulatedLosses2023-10-3112284140ns5:RetainedEarningsAccumulatedLosses2022-10-3112284140ns5:PlantMachinery2022-11-012023-10-3112284140ns5:PlantMachinery2022-10-3112284140ns5:PlantMachinery2023-10-3112284140ns5:PlantMachinery2022-10-3112284140ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3112284140ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 12284140 (England and Wales)















Wildes Contractors Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Wildes Contractors Limited (Registered number: 12284140)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wildes Contractors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M P Wildes





REGISTERED OFFICE: 31a Berengrave Lane
Rainham
Kent
ME8 7LZ





REGISTERED NUMBER: 12284140 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Wildes Contractors Limited (Registered number: 12284140)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,563 3,322

CURRENT ASSETS
Debtors 5 81,479 53,045
Cash at bank 54 1
81,533 53,046
CREDITORS
Amounts falling due within one year 6 54,290 48,759
NET CURRENT ASSETS 27,243 4,287
TOTAL ASSETS LESS CURRENT LIABILITIES 41,806 7,609

CREDITORS
Amounts falling due after more than one
year

7

(9,746

)

-

PROVISIONS FOR LIABILITIES (3,641 ) (630 )
NET ASSETS 28,419 6,979

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,418 6,978
28,419 6,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Wildes Contractors Limited (Registered number: 12284140)

Statement of Financial Position - continued
31 October 2023


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 July 2024 and were signed by:





M P Wildes - Director


Wildes Contractors Limited (Registered number: 12284140)

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

1. STATUTORY INFORMATION

Wildes Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Wildes Contractors Limited (Registered number: 12284140)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 4,693
Additions 13,484
At 31 October 2023 18,177
DEPRECIATION
At 1 November 2022 1,371
Charge for year 2,243
At 31 October 2023 3,614
NET BOOK VALUE
At 31 October 2023 14,563
At 31 October 2022 3,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,657 6,500
Amounts recoverable on contracts 26,591 2,400
Other debtors 27,231 44,145
81,479 53,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 49,402 35,183
Other creditors 4,888 13,576
54,290 48,759

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 9,746 -