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REGISTERED NUMBER: 11996148 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WARD UTILITIES LTD

WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

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


WARD UTILITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: W Ward
Mrs J P Ward
Mrs J E Ward





REGISTERED OFFICE: Plot J
Sidelands Farm
Little Olantigh Road, Wye
Ashford
Kent
TN25 5DQ





REGISTERED NUMBER: 11996148 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 847,472 301,250

CURRENT ASSETS
Debtors 5 967,110 626,186
Cash at bank 157,198 103,782
1,124,308 729,968
CREDITORS
Amounts falling due within one year 6 518,874 311,657
NET CURRENT ASSETS 605,434 418,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,452,906

719,561

CREDITORS
Amounts falling due after more than one year 7 (218,709 ) (41,467 )

PROVISIONS FOR LIABILITIES (85,957 ) (37,237 )
NET ASSETS 1,148,240 640,857

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,147,240 639,857
1,148,240 640,857

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 directors acknowledge their 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.

WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





W Ward - Director


WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ward Utilities 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.

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.

Turnover
Turnover 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 etc - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 417,690 417,690
Additions 497,486 213,490 710,976
Disposals (62,774 ) (24,150 ) (86,924 )
At 31 December 2023 434,712 607,030 1,041,742
DEPRECIATION
At 1 January 2023 - 116,440 116,440
Charge for year - 83,246 83,246
Eliminated on disposal - (5,416 ) (5,416 )
At 31 December 2023 - 194,270 194,270
NET BOOK VALUE
At 31 December 2023 434,712 412,760 847,472
At 31 December 2022 - 301,250 301,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 549,521 450,910
Other debtors 417,589 175,276
967,110 626,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,208 -
Hire purchase contracts 41,202 46,126
Trade creditors 263,151 159,806
Taxation and social security 172,776 19,135
Other creditors 31,537 86,590
518,874 311,657

WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

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 121,995 -
Hire purchase contracts 96,714 41,467
218,709 41,467

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 72,026 -
Hire purchase 30,384 -
102,410 -

8. DIRECTORS' 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 Ward
Balance outstanding at start of year 102,885 -
Amounts advanced 15,548 102,885
Amounts repaid (102,885 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,548 102,885

Interest has been charged on the overdrawn directors loan account at the beneficial rate of 2.25%. The overdrawn directors loan account was repaid within 9 months of the year end.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £179,429 (2022 - £82,099) were paid to the directors .

W Ward - Director and Shareholder

At the Balance Sheet date the company was owed by W Ward £15,548 (2022: £102,885).

J E Ward - Director and Shareholder

At the Balance Sheet date the company was owed by J Ward £Nil (2022: £500 owed to J Ward).

WARD UTILITIES LTD (REGISTERED NUMBER: 11996148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. ULTIMATE CONTROLLING PARTY

The controlling party is W Ward.