IRIS Accounts Production v24.2.0.383 08870619 Board of Directors 31.1.23 30.1.24 30.1.24 false true false false true false ORDINARY 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088706192023-01-30088706192024-01-30088706192023-01-312024-01-30088706192022-01-30088706192022-01-312023-01-30088706192023-01-3008870619ns15:EnglandWales2023-01-312024-01-3008870619ns14:PoundSterling2023-01-312024-01-3008870619ns10:Director12023-01-312024-01-3008870619ns10:PrivateLimitedCompanyLtd2023-01-312024-01-3008870619ns10:SmallEntities2023-01-312024-01-3008870619ns10:AuditExemptWithAccountantsReport2023-01-312024-01-3008870619ns10:SmallCompaniesRegimeForDirectorsReport2023-01-312024-01-3008870619ns10:SmallCompaniesRegimeForAccounts2023-01-312024-01-3008870619ns10:FullAccounts2023-01-312024-01-3008870619ns10:OrdinaryShareClass12023-01-312024-01-3008870619ns10:Director22023-01-312024-01-3008870619ns10:RegisteredOffice2023-01-312024-01-3008870619ns5:CurrentFinancialInstruments2024-01-3008870619ns5:CurrentFinancialInstruments2023-01-3008870619ns5:Non-currentFinancialInstruments2024-01-3008870619ns5:Non-currentFinancialInstruments2023-01-3008870619ns5:ShareCapital2024-01-3008870619ns5:ShareCapital2023-01-3008870619ns5:RetainedEarningsAccumulatedLosses2024-01-3008870619ns5:RetainedEarningsAccumulatedLosses2023-01-3008870619ns5:PlantMachinery2023-01-312024-01-3008870619ns5:FurnitureFittings2023-01-312024-01-3008870619ns5:MotorVehicles2023-01-312024-01-3008870619ns5:PlantMachinery2023-01-3008870619ns5:FurnitureFittings2023-01-3008870619ns5:MotorVehicles2023-01-3008870619ns5:ComputerEquipment2023-01-3008870619ns5:ComputerEquipment2023-01-312024-01-3008870619ns5:PlantMachinery2024-01-3008870619ns5:FurnitureFittings2024-01-3008870619ns5:MotorVehicles2024-01-3008870619ns5:ComputerEquipment2024-01-3008870619ns5:PlantMachinery2023-01-3008870619ns5:FurnitureFittings2023-01-3008870619ns5:MotorVehicles2023-01-3008870619ns5:ComputerEquipment2023-01-3008870619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3008870619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3008870619ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3008870619ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3008870619ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3008870619ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3008870619ns5:Secured12024-01-3008870619ns5:Secured12023-01-3008870619ns5:Secured2024-01-3008870619ns5:Secured2023-01-3008870619ns10:OrdinaryShareClass12024-01-30088706191ns10:Director12023-01-30088706191ns10:Director12022-01-30088706191ns10:Director12023-01-312024-01-30088706191ns10:Director12022-01-312023-01-30088706191ns10:Director12024-01-30088706191ns10:Director12023-01-3008870619ns10:Director222023-01-3008870619ns10:Director222022-01-3008870619ns10:Director222023-01-312024-01-3008870619ns10:Director222022-01-312023-01-3008870619ns10:Director222024-01-3008870619ns10:Director222023-01-30
















WILLEY AND BUNKER PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JANUARY 2024






WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

WILLEY AND BUNKER PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JANUARY 2024







DIRECTORS: C T Marcu
J M Snoxell





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate, Kempston
Bedford
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 08870619 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

BALANCE SHEET
30TH JANUARY 2024

30/1/24 30/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,622 5,488

CURRENT ASSETS
Stocks 5 13,000 15,000
Debtors 6 256,195 278,877
Cash at bank 569 569
269,764 294,446
CREDITORS
Amounts falling due within one year 7 244,253 228,370
NET CURRENT ASSETS 25,511 66,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,133

71,564

CREDITORS
Amounts falling due after more than one year 8 (46,912 ) (48,778 )

PROVISIONS FOR LIABILITIES (509 ) (1,372 )
NET ASSETS 4,712 21,414

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 4,612 21,314
SHAREHOLDERS' FUNDS 4,712 21,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th January 2024 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.

WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

BALANCE SHEET - continued
30TH JANUARY 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th September 2024 and were signed on its behalf by:





C T Marcu - Director


WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JANUARY 2024

1. STATUTORY INFORMATION

Willey And Bunker Projects Ltd 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

In response to the COVID-19 pandemic, the Directors have taken into account the impact on their business of possible scenarios brought on by the pandemic, alongside the measures that they can take to mitigate the impact. Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the accounts.

Turnover
Turnover represents the render of bespoke joinery services speciaslising in high-end residential and commercial properties.

Turnover is stated net of value added tax.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JANUARY 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31st January 2023 10,024 7,000 20,527 1,090 38,641
Additions 24,100 - - - 24,100
At 30th January 2024 34,124 7,000 20,527 1,090 62,741
DEPRECIATION
At 31st January 2023 8,243 5,846 18,768 296 33,153
Charge for year 2,022 231 440 273 2,966
At 30th January 2024 10,265 6,077 19,208 569 36,119
NET BOOK VALUE
At 30th January 2024 23,859 923 1,319 521 26,622
At 30th January 2023 1,781 1,154 1,759 794 5,488

WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £ 18,620 in respect of assets held under finance leases.

5. STOCKS
30/1/24 30/1/23
£    £   
Stocks 13,000 15,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/1/24 30/1/23
£    £   
Trade debtors 24,944 57,275
Amounts recoverable on contract 24,500 33,824
Other debtors 10,396 9,075
Directors' current accounts 119,640 112,596
Tax 39,858 37,160
VAT 12,743 7,275
Prepayments 24,114 21,672
256,195 278,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/1/24 30/1/23
£    £   
Bank loans and overdrafts 14,584 15,793
Other loans 8,000 20,008
Bibby invoice finance 17,162 20,110
Finance leases 2,537 -
Trade creditors 22,803 34,750
Corporation tax 71,891 72,197
Social security and other taxes 44,085 46,347
Other creditors 6,105 9,065
Net wages outstanding 26,085 3,915
Accrued expenses 31,001 6,185
244,253 228,370

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/1/24 30/1/23
£    £   
Bank loans 14,016 24,111
Other loans 16,667 24,667
Finance leases 16,229 -
46,912 48,778

WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JANUARY 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30/1/24 30/1/23
£    £   
Bibby invoice finance 17,162 20,110
Finance leases 18,766 -
35,928 20,110

Amounts advanced by Bibby Invoice Finance are secured by a charge over the trade debtors and by a personal guarantee limited to £15,000 from Mr J M Snoxell, a director.

The bank overdraft is secured by personal guarantees from Mr C T Marcu & Mr J M Snoxell, the directors.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/1/24 30/1/23
value: £    £   
100 ORDINARY £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th January 2024 and 30th January 2023:

30/1/24 30/1/23
£    £   
C T Marcu
Balance outstanding at start of year 76,666 112,524
Amounts advanced 14,080 32,492
Amounts repaid (15,033 ) (68,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,713 76,666

J M Snoxell
Balance outstanding at start of year 35,931 70,026
Amounts advanced 21,762 19,639
Amounts repaid (13,767 ) (53,734 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,926 35,931

Included in debtors at the year end are loans to the directors, interest has been charged at an annual rate of 2.50%. There are no set terms of repayment.

WILLEY AND BUNKER PROJECTS LTD (REGISTERED NUMBER: 08870619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JANUARY 2024

12. ULTIMATE CONTROLLING PARTY

The directors do not consider there to be a sole controlling party.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WILLEY AND BUNKER PROJECTS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Willey And Bunker Projects Ltd for the year ended 30th January 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Willey And Bunker Projects Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Willey And Bunker Projects Ltd and state those matters that we have agreed to state to the Board of Directors of Willey And Bunker Projects Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Willey And Bunker Projects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Willey And Bunker Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Willey And Bunker Projects Ltd. You consider that Willey And Bunker Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Willey And Bunker Projects Ltd. 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 statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


9th September 2024