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REGISTERED NUMBER: 04602046 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Weston Builders Limited

Weston Builders Limited (Registered number: 04602046)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weston Builders Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P R Brace
Mr P J Hill





SECRETARY: Mr P R Brace





REGISTERED OFFICE: Poplar Farm
Eastertown
Lympsham
Weston-super-Mare
BS24 0HY





REGISTERED NUMBER: 04602046 (England and Wales)





ACCOUNTANTS: St Martins Accountants Limited
44 Stoke Lane
Westbury on Trym
Bristol
BS9 3DN

Weston Builders Limited (Registered number: 04602046)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 576 720
Investment property 5 750,000 750,000
750,576 750,720

CURRENT ASSETS
Stocks 6 - 6,216
Debtors 7 3,856 5,899
Cash at bank 22,481 15,151
26,337 27,266
CREDITORS
Amounts falling due within one year 8 39,525 51,184
NET CURRENT LIABILITIES (13,188 ) (23,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,388

726,802

CREDITORS
Amounts falling due after more than
one year

9

(317,992

)

(322,486

)

PROVISIONS FOR LIABILITIES (109 ) (137 )
NET ASSETS 419,287 404,179

Weston Builders Limited (Registered number: 04602046)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 419,137 404,029
SHAREHOLDERS' FUNDS 419,287 404,179

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr P R Brace - Director


Weston Builders Limited (Registered number: 04602046)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Weston Builders 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Weston Builders Limited (Registered number: 04602046)

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 4,615
DEPRECIATION
At 1 January 2023 3,895
Charge for year 144
At 31 December 2023 4,039
NET BOOK VALUE
At 31 December 2023 576
At 31 December 2022 720

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 750,000
NET BOOK VALUE
At 31 December 2023 750,000
At 31 December 2022 750,000

The directors have assessed the fair value of the investment properties and consider them to be equal to the carrying cost value. No revaluation is therefore necessary.

6. STOCKS

Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,365 3,596
Other debtors 2,491 2,303
3,856 5,899

Weston Builders Limited (Registered number: 04602046)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 17,500 19,000
Trade creditors 12,785 16,979
Taxation and social security 7,592 9,701
Other creditors 1,648 5,504
39,525 51,184

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 317,992 322,486