Windcrest Technical Limited 06358972 false 2022-12-31 2023-12-30 2023-12-30 The principal activity of the company is working in the nuclear industry Digita Accounts Production Advanced 6.30.9574.0 true true 06358972 2022-12-31 2023-12-30 06358972 2023-12-30 06358972 bus:Director1 1 2023-12-30 06358972 bus:OrdinaryShareClass1 2023-12-30 06358972 core:CurrentFinancialInstruments 2023-12-30 06358972 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 06358972 core:Non-currentFinancialInstruments 2023-12-30 06358972 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-30 06358972 core:FurnitureFittingsToolsEquipment 2023-12-30 06358972 bus:SmallEntities 2022-12-31 2023-12-30 06358972 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-30 06358972 bus:FullAccounts 2022-12-31 2023-12-30 06358972 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 06358972 bus:RegisteredOffice 2022-12-31 2023-12-30 06358972 bus:Director1 2022-12-31 2023-12-30 06358972 bus:Director1 1 2022-12-31 2023-12-30 06358972 bus:OrdinaryShareClass1 2022-12-31 2023-12-30 06358972 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 06358972 core:FurnitureFittingsToolsEquipment 2022-12-31 2023-12-30 06358972 countries:EnglandWales 2022-12-31 2023-12-30 06358972 2022-12-30 06358972 bus:Director1 1 2022-12-30 06358972 core:FurnitureFittingsToolsEquipment 2022-12-30 06358972 2022-01-01 2022-12-30 06358972 2022-12-30 06358972 bus:Director1 1 2022-12-30 06358972 bus:OrdinaryShareClass1 2022-12-30 06358972 core:CurrentFinancialInstruments 2022-12-30 06358972 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-30 06358972 core:Non-currentFinancialInstruments 2022-12-30 06358972 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-30 06358972 core:FurnitureFittingsToolsEquipment 2022-12-30 06358972 bus:Director1 1 2022-01-01 2022-12-30 06358972 bus:Director1 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06358972

Windcrest Technical Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 December 2023

 

Windcrest Technical Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Windcrest Technical Limited

(Registration number: 06358972)
Balance Sheet as at 30 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,154

1,255

Current assets

 

Debtors

5

185,534

196,157

Cash at bank and in hand

 

900

900

 

186,434

197,057

Creditors: Amounts falling due within one year

6

(8,628)

(13,779)

Net current assets

 

177,806

183,278

Total assets less current liabilities

 

178,960

184,533

Creditors: Amounts falling due after more than one year

6

(20,116)

(23,328)

Net assets

 

158,844

161,205

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

158,843

161,204

Shareholders' funds

 

158,844

161,205

For the financial year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and director's report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 6 November 2024
 

.........................................
Mr JL Bibby
Director

 

Windcrest Technical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Dark Lane
Whittle-le-Woods
Chorley
PR6 8AE

These financial statements were authorised for issue by the director on 6 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Windcrest Technical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% per annum on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Windcrest Technical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee`s services are received.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Tangible assets

Fixtures, fittings and equipment
 £

Total
£

Cost or valuation

At 31 December 2022

6,373

6,373

Additions

283

283

At 30 December 2023

6,656

6,656

Depreciation

At 31 December 2022

5,118

5,118

Charge for the period

384

384

At 30 December 2023

5,502

5,502

Carrying amount

At 30 December 2023

1,154

1,154

At 30 December 2022

1,255

1,255

 

Windcrest Technical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

5

Debtors

Current

2023
£

2022
£

Other debtors

185,534

196,157

 

185,534

196,157

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

3,816

5,125

Taxation and social security

 

1,002

5,736

Accruals and deferred income

 

3,810

2,918

 

8,628

13,779

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

20,116

23,328

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

ordinary share of £1 each

1

1

1

1

       
 

Windcrest Technical Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

20,116

23,328

Current loans and borrowings

2023
£

2022
£

Bank borrowings

3,650

4,088

Bank overdrafts

166

1,037

3,816

5,125

9

Related party transactions

Transactions with the director

2023

At 31 December 2022
£

Repayments by director
£

At 30 December 2023
£

Mr JL Bibby

Loan to director made througout the year. No interest was charged and no fixed repayment terms were in force.

150,541

(10,884)

139,657

2022

At 1 January 2022
£

Repayments by director
£

At 30 December 2022
£

Mr JL Bibby

Loan to director made througout the year. No interest was charged and no fixed repayment terms were in force.

154,040

(3,499)

150,541