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REGISTERED NUMBER: 06469880 (England and Wales)















WEST WALES HOMES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






WEST WALES HOMES LIMITED (REGISTERED NUMBER: 06469880)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST WALES HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: M J Baggott
Mrs A E Baggott
D W Thomas





SECRETARY: M J Baggott





REGISTERED OFFICE: Bryncelyn
Waungilwen
Velindre
Carmarthen
Carmarthenshire
SA44 5YF





REGISTERED NUMBER: 06469880 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

WEST WALES HOMES LIMITED (REGISTERED NUMBER: 06469880)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,411 6,365

CURRENT ASSETS
Stocks 325,000 350,000
Debtors 5 15,700 -
Cash at bank and in hand 64,548 12,241
405,248 362,241
CREDITORS
Amounts falling due within one year 6 351,834 312,985
NET CURRENT ASSETS 53,414 49,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,825

55,621

PROVISIONS FOR LIABILITIES 1,028 -
NET ASSETS 57,797 55,621

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 57,793 55,617
57,797 55,621

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

WEST WALES HOMES LIMITED (REGISTERED NUMBER: 06469880)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





M J Baggott - Director


WEST WALES HOMES LIMITED (REGISTERED NUMBER: 06469880)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

West Wales Homes 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.

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 each asset over its estimated useful life.

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.

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.

WEST WALES HOMES LIMITED (REGISTERED NUMBER: 06469880)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 27,934
DEPRECIATION
At 1 February 2023 21,569
Charge for year 954
At 31 January 2024 22,523
NET BOOK VALUE
At 31 January 2024 5,411
At 31 January 2023 6,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,700 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,849 13
Taxation and social security 5,410 -
Other creditors 312,575 312,972
351,834 312,985