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Registered number: 01215032
W.T. Jenkins Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr A T King
Mr S Murray
Company Number 01215032
Registered Office Unit 27 Sefton Lane Industrial Estate
Maghull
Liverpool
Merseyside
L31 8DN
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of W.T. Jenkins Limited For The Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of W.T. Jenkins Limited For The Year Ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of W.T. Jenkins Limited , as a body, in accordance with the terms of our engagement letter dated 08 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of W.T. Jenkins Limited and state those matters that we have agreed to state to the directors of W.T. Jenkins Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.T. Jenkins Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that W.T. Jenkins Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of W.T. Jenkins Limited . You consider that W.T. Jenkins Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of W.T. Jenkins Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
2 September 2024
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
Page 2
Page 3
Balance Sheet
Registered number: 01215032
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 202,435 143,601
202,435 143,601
CURRENT ASSETS
Stocks 5 19,500 23,450
Debtors 6 827,866 784,838
Cash at bank and in hand 152,060 190,075
999,426 998,363
Creditors: Amounts Falling Due Within One Year 7 (687,391 ) (688,287 )
NET CURRENT ASSETS (LIABILITIES) 312,035 310,076
TOTAL ASSETS LESS CURRENT LIABILITIES 514,470 453,677
Creditors: Amounts Falling Due After More Than One Year 8 (150,596 ) (117,063 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (50,609 ) (27,284 )
NET ASSETS 313,265 309,330
CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Capital redemption reserve 89,600 89,600
Profit and Loss Account 213,665 209,730
SHAREHOLDERS' FUNDS 313,265 309,330
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For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Murray
Director
2 September 2024
The notes on pages 5 to 8 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
W.T. Jenkins Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01215032 . The registered office is Unit 27 Sefton Lane Industrial Estate, Maghull, Liverpool, Merseyside, L31 8DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 15% Reducing balance
Motor vehicles 25% Reducing balance
Fixtures and fittings 15% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 22)
24 22
4. Tangible Assets
Plant and machinery Motor vehicles Fixtures and fittings Total
£ £ £ £
Cost
As at 1 April 2023 135,793 301,132 77,849 514,774
Additions - 127,135 - 127,135
Disposals - (117,950 ) - (117,950 )
As at 31 March 2024 135,793 310,317 77,849 523,959
Depreciation
As at 1 April 2023 80,393 219,385 71,395 371,173
Provided during the period 8,310 31,806 968 41,084
Disposals - (90,733 ) - (90,733 )
As at 31 March 2024 88,703 160,458 72,363 321,524
Net Book Value
As at 31 March 2024 47,090 149,859 5,486 202,435
As at 1 April 2023 55,400 81,747 6,454 143,601
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant and machinery 28,873 33,969
Motor vehicles 136,162 68,250
165,035 102,219
5. Stocks
2024 2023
£ £
Work in progress 19,500 23,450
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 763,609 656,024
Prepayments and accrued income 23,755 17,501
VAT 40,502 47,389
Amounts owed by group undertakings - 63,924
827,866 784,838
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,259 36,888
Trade creditors 535,982 545,071
Bank loans and overdrafts 30,000 40,851
Corporation tax 45,309 25,306
Other taxes and social security 20,979 16,834
Other creditors 8,701 5,803
Accruals and deferred income 7,129 12,023
Directors' loan accounts 6,032 5,511
687,391 688,287
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 88,096 24,563
Bank loans 62,500 92,500
150,596 117,063
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 121,355 61,450
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,259 36,888
Later than one year and not later than five years 88,096 24,563
121,355 61,451
121,355 61,451
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 43,371 43,371
Later than one year and not later than five years 14,457 57,828
57,828 101,199
13. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
14. Related Party Transactions
The following related party transactions were undertaken during the year:
During the year dividends were declared to the parent company, WT Jenkins Holdings Ltd, totalling £98,000 (2023: £63,000) The parent company withdrew £98,000 (2023: £63,000) during the year. A loan of £63,294  owed from WT Jenkins Holdings Limited was written off during the year as it will not be repaid. At the year end WT Jenkins Holdings Ltd owed the company £nil (2023: £63,924)
During the year a director of the company, introduced amounts totalling £12,916 (2023: £18,084) and withdrew amounts totaling £11,368 (2023: £13,775). At the balance sheet date the amount payable to the director was £6,030 (2023: £4,482).
During the year a director of the company, introduced amounts totalling £13,482 (2023: £15,186) and withdrew amounts totaling £14,507 (2023: £15,066). At the balance sheet date the amount payable to the director was £3 (2023: £1,028).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
15. Exceptional Items
During the year a loan owed from the parent company of £63,924 was written off as it will no longer be repaid. 
16. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is WT Jenkins Holdings Limited . WT Jenkins Holdings Limited was incorporated in England and Wales. The registered office of WT Jenkins Holdings Limited is Unit 27, Sefton Lane Industrial Estate, Maghull, Liverpool, L31 8DN.
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