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Company Registration No. 13039311 (England and Wales)
WILES CONSTRUCTION LTD Unaudited accounts for the year ended 31 March 2024
WILES CONSTRUCTION LTD Unaudited accounts Contents
Page
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WILES CONSTRUCTION LTD Company Information for the year ended 31 March 2024
Director
Charlie Wiles
Company Number
13039311 (England and Wales)
Registered Office
2 Merries Farm Cottages Pullover Road West Lynn King's Lynn Norfolk PE34 3LS England
Accountants
ALMS Limited 12 Orchard Drive West Walton Cambs PE14 7EZ
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WILES CONSTRUCTION LTD Accountants' report
Accountants' report to the director of WILES CONSTRUCTION LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WILES CONSTRUCTION LTD for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of WILES CONSTRUCTION LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of WILES CONSTRUCTION LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WILES CONSTRUCTION LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WILES CONSTRUCTION LTD 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 of WILES CONSTRUCTION LTD. You consider that WILES CONSTRUCTION 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 accounts of WILES CONSTRUCTION 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 accounts.
ALMS Limited 12 Orchard Drive West Walton Cambs PE14 7EZ 24 September 2024
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WILES CONSTRUCTION LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
188,117 
135,351 
Current assets
Inventories
10,771 
14,020 
Debtors
14,099 
11,203 
Cash at bank and in hand
24,787 
10,829 
49,657 
36,052 
Creditors: amounts falling due within one year
(38,617)
(23,204)
Net current assets
11,040 
12,848 
Total assets less current liabilities
199,157 
148,199 
Creditors: amounts falling due after more than one year
(114,928)
(72,087)
Net assets
84,229 
76,112 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
84,129 
76,012 
Shareholders' funds
84,229 
76,112 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2024 and were signed on its behalf by
Charlie Wiles Director Company Registration No. 13039311
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WILES CONSTRUCTION LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
WILES CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 13039311. The registered office is 2 Merries Farm Cottages, Pullover Road, West Lynn, King's Lynn, Norfolk, PE34 3LS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
59,357 
87,728 
1,852 
148,937 
Additions
87,412 
38,833 
833 
127,078 
Disposals
(33,941)
(35,170)
- 
(69,111)
At 31 March 2024
112,828 
91,391 
2,685 
206,904 
Depreciation
At 1 April 2023
10,060 
3,157 
369 
13,586 
Charge for the year
7,752 
15,525 
369 
23,646 
On disposals
(10,275)
(8,170)
- 
(18,445)
At 31 March 2024
7,537 
10,512 
738 
18,787 
Net book value
At 31 March 2024
105,291 
80,879 
1,947 
188,117 
At 31 March 2023
49,297 
84,571 
1,483 
135,351 
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WILES CONSTRUCTION LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,151 
11,203 
Trade debtors
9,904 
- 
13,055 
11,203 
Amounts falling due after more than one year
Other debtors
1,044 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
32,178 
20,510 
Trade creditors
5,353 
581 
Taxes and social security
- 
848 
Loans from directors
36 
215 
Accruals
1,050 
1,050 
38,617 
23,204 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
114,928 
72,087 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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