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REGISTERED NUMBER: 04681127 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Windmill Builders Limited

Windmill Builders Limited (Registered number: 04681127)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Windmill Builders Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: D P Shaw





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 04681127 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Windmill Builders Limited (Registered number: 04681127)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 63,682 20,258
Investment property 5 365,000 365,000
428,682 385,258

CURRENT ASSETS
Inventories 18,442 15,808
Debtors 51,203 70,689
Prepayments and accrued income 6,654 6,808
Cash at bank and in hand 111,533 122,260
187,832 215,565
CREDITORS
Amounts falling due within one year 94,625 79,885
NET CURRENT ASSETS 93,207 135,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,889

520,938

CREDITORS
Amounts falling due after more than
one year

(13,087

)

(23,276

)

ACCRUALS AND DEFERRED INCOME (11,322 ) (8,458 )
NET ASSETS 497,480 489,204

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Revaluation reserve 9 7,344 7,344
Retained earnings 470,136 461,860
SHAREHOLDERS' FUNDS 497,480 489,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Windmill Builders Limited (Registered number: 04681127)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





D P Shaw - Director


Windmill Builders Limited (Registered number: 04681127)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Windmill 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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% 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
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date.

Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.

The "percentage of completion" method is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs.

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.


Windmill Builders Limited (Registered number: 04681127)

Notes to the Financial Statements - continued
for the year ended 31 March 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
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 3 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2023 86,017
Additions 50,307
At 31 March 2024 136,324
DEPRECIATION
At 1 April 2023 65,759
Charge for year 6,883
At 31 March 2024 72,642
NET BOOK VALUE
At 31 March 2024 63,682
At 31 March 2023 20,258

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 365,000
NET BOOK VALUE
At 31 March 2024 365,000
At 31 March 2023 365,000

Windmill Builders Limited (Registered number: 04681127)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

The fair value of the investment property has been arrived at on the basis of a valuation carried out by Spencer Birch, Chartered Surveyors on 25 January 2010, which the director considers still represents the fair value of the property at 31 March 2024. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

There would be no tax liability arising if the property was sold at this fair value.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2010 7,344
Cost 357,656
365,000

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/24 31/3/23
£    £   
Within one year 8,308 8,308
Between one and five years 28,981 9,289
In more than five years 3,500 -
40,789 17,597

7. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 23,270 33,208

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
10,000 Ordinary A £1 10,000 10,000
10,000 Ordinary B £1 10,000 10,000
20,000 20,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 7,344