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
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
W & L Piling Limited
Statement of financial position
as at 31 March 2024
Tangible assets
89,258
114,223
Cash at bank and in hand
145,764
72,920
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)
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
W & L Piling Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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.
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 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.
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
At 31 March 2024
199,927
122,321
2,685
324,933
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
At 31 March 2024
46,447
41,823
988
89,258
At 31 March 2023
57,364
55,929
930
114,223
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
34,273
45,696
Amounts falling due within one year
Trade debtors
128,615
26,987
Accrued income and prepayments
8,586
10,275
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
The aggregate amount of creditors for which security has been given amounted to £10,691.
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
Obligations under finance leases and hire purchase contracts
25,684
36,218
The aggregate amount of creditors for which security has been given amounted to £25,684.
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).