REGISTERED NUMBER: |
WASHINGBAY SHED & CLADDING LIMITED |
Unaudited Financial Statements |
for the Period 30 November 2022 to 30 November 2023 |
REGISTERED NUMBER: |
WASHINGBAY SHED & CLADDING LIMITED |
Unaudited Financial Statements |
for the Period 30 November 2022 to 30 November 2023 |
WASHINGBAY SHED & CLADDING LIMITED (REGISTERED NUMBER: NI635111) |
Contents of the Financial Statements |
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
WASHINGBAY SHED & CLADDING LIMITED |
Company Information |
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
36-38 Northland Row |
Dungannon |
Co. Tyrone |
BT71 6AP |
WASHINGBAY SHED & CLADDING LIMITED (REGISTERED NUMBER: NI635111) |
Statement of Financial Position |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
NON-CURRENT ASSETS |
Intangible assets | 5 |
Property, plant and equipment | 6 |
CURRENT ASSETS |
Inventories |
Receivables: amounts falling due within one year |
7 |
Cash at bank and in hand |
PAYABLES |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PAYABLES |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
GOVERNMENT GRANTS | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 10 |
Retained earnings |
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. |
WASHINGBAY SHED & CLADDING LIMITED (REGISTERED NUMBER: NI635111) |
Statement of Financial Position - continued |
30 NOVEMBER 2023 |
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 |
WASHINGBAY SHED & CLADDING LIMITED (REGISTERED NUMBER: NI635111) |
Notes to the Financial Statements |
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Washingbay Shed & Cladding Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements |
Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Property,plant and equipment and depreciation |
Freehold property | - |
Plant and machinery | - |
Motor vehicles | - |
Inventories |
Inventories are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. |
Taxation |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. |
Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement. |
WASHINGBAY SHED & CLADDING LIMITED (REGISTERED NUMBER: NI635111) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023 |
3. | ACCOUNTING POLICIES - continued |
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. |
Cash flow statement |
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
5. | INTANGIBLE FIXED ASSETS |
Patents and |
Goodwill | licences | Totals |
£ | £ | £ |
COST |
At 30 November 2022 |
and 30 November 2023 |
AMORTISATION |
At 30 November 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 29 November 2022 |
6. | PROPERTY, PLANT AND EQUIPMENT |
Freehold | Plant and | Motor |
property | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 30 November 2022 |
Additions |
At 30 November 2023 |
DEPRECIATION |
At 30 November 2022 |
Charge for period |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 29 November 2022 |
7. | RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade receivables |
WASHINGBAY SHED & CLADDING LIMITED (REGISTERED NUMBER: NI635111) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 30 NOVEMBER 2022 TO 30 NOVEMBER 2023 |
8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade payables |
Taxation and social security |
Other payables |
9. | PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Hire purchase contracts |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 30 November 2022 |
and 30 November 2023 |