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Company Registration No. 8468443 (England and Wales)
W & L Piling Limited Unaudited accounts for the year ended 31 March 2024
W & L Piling Limited Unaudited accounts Contents
Page
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W & L Piling Limited Company Information for the year ended 31 March 2024
Directors
C Brookes K L Brookes
Company Number
8468443 (England and Wales)
Registered Office
19 Havisham Close Birchwood Warrington Cheshire WA3 7NB United Kingdom
Accountants
Accountancy Services 19 Havisham Close Birchwood Warrington Cheshire WA3 7NB
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W & L Piling Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,258 
114,223 
Current assets
Inventories
20,000 
15,765 
Debtors
152,549 
41,968 
Cash at bank and in hand
145,764 
72,920 
318,313 
130,653 
Creditors: amounts falling due within one year
(212,727)
(115,816)
Net current assets
105,586 
14,837 
Total assets less current liabilities
194,844 
129,060 
Creditors: amounts falling due after more than one year
(37,955)
(58,739)
Provisions for liabilities
Deferred tax
(7,683)
(11,834)
Net assets
149,206 
58,487 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
149,106 
58,387 
Shareholders' funds
149,206 
58,487 
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 directors acknowledge their 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 of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
C Brookes Director Company Registration No. 8468443
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W & L Piling Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
W & L Piling Limited is a private company, limited by shares, registered in England and Wales, registration number 8468443. The registered office is 19 Havisham Close, Birchwood, Warrington, Cheshire, WA3 7NB, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents thec value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
25% reducing balance
Motor vehicles
25% reducing balance
Other tangible fixed assets
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease on a straight line basis.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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W & L Piling Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
195,421 
122,821 
2,353 
320,595 
Additions
4,506 
- 
332 
4,838 
Disposals
- 
(500)
- 
(500)
At 31 March 2024
199,927 
122,321 
2,685 
324,933 
Depreciation
At 1 April 2023
138,057 
66,892 
1,423 
206,372 
Charge for the year
15,423 
13,971 
274 
29,668 
On disposals
- 
(365)
- 
(365)
At 31 March 2024
153,480 
80,498 
1,697 
235,675 
Net book value
At 31 March 2024
46,447 
41,823 
988 
89,258 
At 31 March 2023
57,364 
55,929 
930 
114,223 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
34,273 
45,696 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,983 
341 
Trade debtors
128,615 
26,987 
Accrued income and prepayments
8,586 
10,275 
Other debtors
4,365 
4,365 
152,549 
41,968 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,169 
9,868 
Obligations under finance leases and hire purchase contracts
10,534 
11,584 
Trade creditors
136,925 
64,296 
Taxes and social security
42,685 
5,836 
Other creditors
2,497 
2,710 
Loans from directors
6,270 
18,553 
Accruals
3,647 
2,969 
212,727 
115,816 
The aggregate amount of creditors for which security has been given amounted to £10,691.
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W & L Piling Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,271 
22,521 
Obligations under finance leases and hire purchase contracts
25,684 
36,218 
37,955 
58,739 
The aggregate amount of creditors for which security has been given amounted to £25,684.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
38,854 
33,256 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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