REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2023 |
for |
Blanchard Wells (Groundworks |
Contractors) Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2023 |
for |
Blanchard Wells (Groundworks |
Contractors) Limited |
Blanchard Wells (Groundworks |
Contractors) Limited (Registered number: 06792993) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Blanchard Wells (Groundworks |
Contractors) Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Kintyre House |
70 High Street |
Fareham |
Hampshire |
PO16 7BB |
Blanchard Wells (Groundworks |
Contractors) Limited (Registered number: 06792993) |
Statement of Financial Position |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Blanchard Wells (Groundworks |
Contractors) Limited (Registered number: 06792993) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Blanchard Wells (Groundworks Contractors) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on a break-up basis, as the company ceased trading on 31 March 2023. Consequently, the going concern assumption, which assumes the company will continue its operations in the foreseeable future, is not applicable. The financial statements reflect the company's planned cessation of trading and the realisation of assets and settlement of liabilities in connection with the winding down process. Users of these financial statements should be aware that the break-up basis of preparation may have an impact on the valuation and presentation of assets and liabilities. |
Turnover |
Turnover represents the fair value received or receivable taking into account the amount of trade discounts, prompt settlement discounts and volume rebates allowed by the entity. |
Turnover is recognised on the provision labour services in the period which the labour was provided, adjusted for deferred and accrued income. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. |
Basic financial liabilities |
Basic financial liabilities. including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
Blanchard Wells (Groundworks |
Contractors) Limited (Registered number: 06792993) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed by group undertakings |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
7. | ULTIMATE CONTROLLING PARTY |
As at the year end the ultimate parent company was Taine Holdings Limited which is incorporated in England & Wales at The Meadows, Forester Road, Soberton Heath, Hampshire, SO32 3QG. |
The ultimate controlling party is Mr M A Wells. |
8. | BREAK UP BASIS |
The financial statements have been prepared on a break-up basis in accordance with UK FRS 102 Section 1A. This basis has been adopted as the company ceased trading on 31 March 2023. The break-up basis assumes that the assets and liabilities will be realised or settled individually rather than as part of ongoing operations. This approach provides a more accurate representation of the financial position and expected outcomes considering the company's future plans. |