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REGISTERED NUMBER: 05313698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WALSH CONSTRUCTION HOLDINGS LIMITED

WALSH CONSTRUCTION HOLDINGS LIMITED (REGISTERED NUMBER: 05313698)






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 4


WALSH CONSTRUCTION HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J Bird
P G Crosby





SECRETARY: J Bird





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 05313698 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

WALSH CONSTRUCTION HOLDINGS LIMITED (REGISTERED NUMBER: 05313698)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 973,521 929,075

CURRENT ASSETS
Debtors 5 146,940 170,580
Investments 6 12,002 12,002
Cash at bank 536,693 256,145
695,635 438,727
CREDITORS
Amounts falling due within one year 7 213,699 109,509
NET CURRENT ASSETS 481,936 329,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,455,457

1,258,293

CREDITORS
Amounts falling due after more than one
year

8

(608,847

)

(181,487

)

PROVISIONS FOR LIABILITIES (192,201 ) (148,589 )
NET ASSETS 654,409 928,217

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 654,309 928,117
SHAREHOLDERS' FUNDS 654,409 928,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

WALSH CONSTRUCTION HOLDINGS LIMITED (REGISTERED NUMBER: 05313698)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





J Bird - Director


WALSH CONSTRUCTION HOLDINGS LIMITED (REGISTERED NUMBER: 05313698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Walsh Construction Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Walsh Construction Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 10% on cost

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

WALSH CONSTRUCTION HOLDINGS LIMITED (REGISTERED NUMBER: 05313698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,099,528
Additions 196,489
Disposals (2,474 )
At 31 December 2023 1,293,543
DEPRECIATION
At 1 January 2023 170,453
Charge for year 149,958
Eliminated on disposal (389 )
At 31 December 2023 320,022
NET BOOK VALUE
At 31 December 2023 973,521
At 31 December 2022 929,075

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 484,299
Additions 110,419
Transfer to ownership (125,868 )
At 31 December 2023 468,850
DEPRECIATION
At 1 January 2023 62,728
Charge for year 68,223
Transfer to ownership (24,086 )
At 31 December 2023 106,865
NET BOOK VALUE
At 31 December 2023 361,985
At 31 December 2022 421,571

WALSH CONSTRUCTION HOLDINGS LIMITED (REGISTERED NUMBER: 05313698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 146,940 170,580

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Shares in group undertakings 12,002 12,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 187,624 99,850
Trade creditors (1 ) -
Amounts owed to group undertakings 9,659 9,659
Taxation and social security 16,417 -
213,699 109,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 608,847 181,487