W & S PROPERTY DEVELOPMENTS LTD
Unaudited accounts
Contents
W & S PROPERTY DEVELOPMENTS LTD
Company Information
for the year ended 31 October 2023
Directors
Walter Douglas
Sally Douglas
Company Number
SC517417 (Scotland)
Registered Office
MILTON HOUSE
MILTON WYND
TURNBERRY
KA26 9LG
SCOTLAND
Accountants
W Wilson Millar Ltd
32 Moorfield Road
Prestwick
KA9 2HW
W & S PROPERTY DEVELOPMENTS LTD
Statement of financial position
as at 31 October 2023
Tangible assets
153,856
153,856
Inventories
126,043
79,927
Cash at bank and in hand
192
7,354
Creditors: amounts falling due within one year
(113,134)
(72,399)
Net current assets
13,101
14,882
Total assets less current liabilities
166,957
168,738
Creditors: amounts falling due after more than one year
(149,301)
(149,259)
Called up share capital
100
100
Profit and loss account
17,556
19,379
Shareholders' funds
17,656
19,479
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Sally Douglas
Director
Company Registration No. SC517417
W & S PROPERTY DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 October 2023
W & S PROPERTY DEVELOPMENTS LTD is a private company, limited by shares, registered in Scotland, registration number SC517417. The registered office is MILTON HOUSE, MILTON WYND, TURNBERRY, KA26 9LG, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
153,856
299
154,155
At 31 October 2023
153,856
299
154,155
At 1 November 2022
-
299
299
At 31 October 2023
-
299
299
At 31 October 2023
153,856
-
153,856
At 31 October 2022
153,856
-
153,856
W & S PROPERTY DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
112,704
71,969
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
149,259
149,259
Taxes and social security
42
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).