Registered number
08291407
Warwick Construction (North West) Limited
Filleted Accounts
30 November 2023
Warwick Construction (North West) Limited
Registered number: 08291407
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 42,192 18,651
Current assets
Stocks & work in progress 97,567 42,717
Debtors 4 7,719 7,719
Prepayments 1,369 827
Cash at bank and in hand 209,042 252,661
315,697 303,924
Creditors: amounts falling due within one year 5 (152,595) (115,509)
Net current assets 163,102 188,415
Total assets less current liabilities 205,294 207,066
Creditors: amounts falling due after more than one year 6 (33,798) (23,386)
Provisions for liabilities (3,261) (3,543)
Net assets 168,235 180,137
Capital and reserves
Called up share capital 50 50
Profit and loss account 168,185 180,087
Shareholders' funds 168,235 180,137
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A W Marsden
Director
Approved by the board on 9 August 2024
Warwick Construction (North West) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 10,379 21,495 31,874
At 30 November 2023 12,037 52,015 64,052
Depreciation
At 1 December 2022 7,849 5,374 13,223
Charge for the year 792 7,845 8,637
At 30 November 2023 8,641 13,219 21,860
Net book value
At 30 November 2023 3,396 38,796 42,192
At 30 November 2022 2,530 16,121 18,651
4 Debtors 2023 2022
£ £
Trade debtors 7,719 7,719
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 64,362 39,228
Accruals 16,984 15,429
Taxation and social security costs (4,038) 5,079
Other creditors 62,383 45,773
152,595 115,509
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,386 23,386
7 Controlling party
The company is controlled by the director and his family
8 Other information
Warwick Construction (North West) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5-7 Lawrence Lane
Eccleston
Chorley
Lancs
PR7 5SJ
Warwick Construction (North West) Limited 08291407 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2022 A W Marsden No description of principal activity 08291407 2021-12-01 2022-11-30 08291407 core:WithinOneYear 2022-11-30 08291407 core:AfterOneYear 2022-11-30 08291407 core:ShareCapital 2022-11-30 08291407 core:RetainedEarningsAccumulatedLosses 2022-11-30 08291407 2022-12-01 2023-11-30 08291407 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08291407 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08291407 bus:Director40 2022-12-01 2023-11-30 08291407 2 2022-12-01 2023-11-30 08291407 core:PlantMachinery 2022-12-01 2023-11-30 08291407 core:Vehicles 2022-12-01 2023-11-30 08291407 countries:England 2022-12-01 2023-11-30 08291407 bus:FRS102 2022-12-01 2023-11-30 08291407 bus:FullAccounts 2022-12-01 2023-11-30 08291407 2023-11-30 08291407 core:WithinOneYear 2023-11-30 08291407 core:AfterOneYear 2023-11-30 08291407 core:ShareCapital 2023-11-30 08291407 core:RetainedEarningsAccumulatedLosses 2023-11-30 08291407 core:PlantMachinery 2023-11-30 08291407 core:Vehicles 2023-11-30 08291407 2022-11-30 08291407 core:PlantMachinery 2022-11-30 08291407 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure