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REGISTERED NUMBER: 01189806















Financial Statements for the Year Ended 30 April 2024

for

WASP JOINERY
& CONSTRUCTION COMPANY LIMITED

WASP JOINERY
& CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01189806)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WASP JOINERY
& CONSTRUCTION COMPANY LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I G Pearse
R J G Pearse





REGISTERED OFFICE: Unit A, Actrees Farm
Heathfield
Alkington
Berkeley
Gloucestershire
GL13 9PP





REGISTERED NUMBER: 01189806





ACCOUNTANTS: West Country Accounting Services Limited
Chartered Accountants
BS15 1NT

WASP JOINERY
& CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01189806)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,984 36,511
Investments 5 223,000 223,000
290,984 259,511

CURRENT ASSETS
Stocks 11,369 19,112
Debtors 6 67,407 75,229
Cash at bank and in hand 146,090 242,813
224,866 337,154
CREDITORS
Amounts falling due within one year 7 82,806 217,140
NET CURRENT ASSETS 142,060 120,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,044

379,525

CREDITORS
Amounts falling due after more than one year 8 (20,833 ) (30,833 )

PROVISIONS FOR LIABILITIES (16,874 ) (6,938 )
NET ASSETS 395,337 341,754

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 395,217 341,634
SHAREHOLDERS' FUNDS 395,337 341,754

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

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

WASP JOINERY
& CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01189806)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:




R J G Pearse - Director



I G Pearse - Director


WASP JOINERY
& CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01189806)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

WASP JOINERY & CONSTRUCTION COMPANY LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 10 (2023 - 8 ) .

WASP JOINERY
& CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01189806)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 63,356 17,074 35,045 115,475
Additions - - 37,375 37,375
At 30 April 2024 63,356 17,074 72,420 152,850
DEPRECIATION
At 1 May 2023 35,110 10,827 33,027 78,964
Charge for year 4,460 937 505 5,902
At 30 April 2024 39,570 11,764 33,532 84,866
NET BOOK VALUE
At 30 April 2024 23,786 5,310 38,888 67,984
At 30 April 2023 28,246 6,247 2,018 36,511

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 223,000
NET BOOK VALUE
At 30 April 2024 223,000
At 30 April 2023 223,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,397 75,219
Other debtors 10 10
67,407 75,229

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,028
Trade creditors 38,607 97,380
Taxation and social security 24,888 30,020
Other creditors 19,311 87,712
82,806 217,140

WASP JOINERY
& CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01189806)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 20,833 30,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1.00 100 100
10 A Ordinary Shares £1.00 10 10
10 B Ordinary Shares £1.00 10 10
120 120

10. RESERVES
Retained
earnings
£   

At 1 May 2023 341,634
Profit for the year 114,583
Dividends (61,000 )
At 30 April 2024 395,217