7088691falsethat of general building and construction, all of which is carried out within the United Kingdom2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:CompanySecretary12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 7088691

WE BUILD CONTRACTORS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

WE BUILD CONTRACTORS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
BRENDAN PATRICK O'NEILL
MRS BRYONY MAY O'NEILL
SECRETARY
MRS BRYONY MAY O'NEILL
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7088691
BANKERS
NATIONAL WESTMINSTER BANK Plc
SOLICITORS
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

WE BUILD CONTRACTORS LIMITED

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

WE BUILD CONTRACTORS LIMITED

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets216,14217,974
CURRENT ASSETS
Stock8,69012,444
Debtors493,072143,341
Cash at bank and in hand12,93980,897
114,701236,682
CREDITORS: Amounts falling due within one year599,261215,218
NET CURRENT ASSETS15,44021,464
TOTAL ASSETS LESS CURRENT LIABILITIES31,58239,438
CREDITORS: Amounts falling due after more than one year626,03735,921
PROVISIONS FOR LIABILITIES AND CHARGES83,5292,988
NET ASSETS2,016529
CAPITAL AND RESERVES
Called up share capital933
Profit and loss account2,013526
SHAREHOLDERS' FUNDS2,016529
For the year ending 30/11/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/08/2024 and signed on their behalf by
.............................
BRENDAN PATRICK O'NEILL
Director

WE BUILD CONTRACTORS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Commercial Vehiclesstraight line10%
Fixtures And Fittingsstraight line10%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

WE BUILD CONTRACTORS LIMITED

2. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/12/202214,98217,3951,1432,71636,236
Additions1,090--8391,929
Disposals(400)--(140)(540)
At 30/11/202315,67217,3951,1433,41537,625
Depreciation
At 01/12/20226,21610,43774786218,262
Disposals(400)--(140)(540)
For the year1,5671,7391143413,761
At 30/11/20237,38312,1768611,06321,483
Net Book Amounts
At 30/11/20238,2895,2192822,35216,142
At 30/11/20228,7666,9583961,85417,974
3. STOCK 20232022
££
Stock comprises:
Stock8,69012,444
8,69012,444
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors80,683140,956
Prepayments12,3892,385
93,072143,341

WE BUILD CONTRACTORS LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax41,12648,150
VAT9,32780,448
PAYE control36,23943,991
Directors current account2,0821,020
Trade creditors4,62735,254
Accruals5,8606,355
99,261215,218
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
National Westminster Bank plc - Bounce back loan >1yr26,03735,921
26,03735,921
7. EMPLOYEES
20232022
No.No.
Average number of employees22
Key management personnel is restricted to that of the two directors.
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation3,5292,988
3,5292,988

WE BUILD CONTRACTORS LIMITED

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33
10. CONTROLLING PARTY
The company is wholly owned by the two directors Mr B P O'Neill (66.67 %) and his wife Mrs B M O'Neill (33.33%).
11. RELATED PARTY TRANSACTIONS
The director Mr B P O'Neill received a dividend of £ 56,000 in the year to 30 November 2023 (2022 - £ 46,000). Mrs B M O'Neill received a dividend of £ £ 28,000 in the year to 30 November 2023 (2022 - £ 23,000).
12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The principal activity of the company is that of general building and construction. All of its activities are carried out within the United Kingdom.
13. GENERAL INFORMATION
We Build Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.