IRIS Accounts Production v24.2.0.383 00946568 Board of Directors 1.6.23 31.5.24 31.5.24 7/10/24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009465682023-05-31009465682024-05-31009465682023-06-012024-05-31009465682022-05-31009465682022-06-012023-05-31009465682023-05-3100946568ns15:EnglandWales2023-06-012024-05-3100946568ns14:PoundSterling2023-06-012024-05-3100946568ns10:Director12023-06-012024-05-3100946568ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3100946568ns10:SmallEntities2023-06-012024-05-3100946568ns10:Audited2023-06-012024-05-3100946568ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3100946568ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3100946568ns10:FullAccounts2023-06-012024-05-3100946568ns10:Director22023-06-012024-05-3100946568ns10:Director32023-06-012024-05-3100946568ns10:Director42023-06-012024-05-3100946568ns10:CompanySecretary12023-06-012024-05-3100946568ns10:RegisteredOffice2023-06-012024-05-3100946568ns5:CurrentFinancialInstruments2024-05-3100946568ns5:CurrentFinancialInstruments2023-05-3100946568ns5:ShareCapital2024-05-3100946568ns5:ShareCapital2023-05-3100946568ns5:RetainedEarningsAccumulatedLosses2024-05-3100946568ns5:RetainedEarningsAccumulatedLosses2023-05-3100946568ns5:LeaseholdImprovements2023-06-012024-05-3100946568ns5:PlantMachinery2023-06-012024-05-3100946568ns5:MotorVehicles2023-06-012024-05-3100946568ns5:ComputerEquipment2023-06-012024-05-3100946568ns5:LeaseholdImprovements2023-05-3100946568ns5:PlantMachinery2023-05-3100946568ns5:MotorVehicles2023-05-3100946568ns5:ComputerEquipment2023-05-3100946568ns5:LeaseholdImprovements2024-05-3100946568ns5:PlantMachinery2024-05-3100946568ns5:MotorVehicles2024-05-3100946568ns5:ComputerEquipment2024-05-3100946568ns5:LeaseholdImprovements2023-05-3100946568ns5:PlantMachinery2023-05-3100946568ns5:MotorVehicles2023-05-3100946568ns5:ComputerEquipment2023-05-3100946568ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3100946568ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 00946568 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WARDOWN ENGINEERING LIMITED

WARDOWN ENGINEERING LIMITED (REGISTERED NUMBER: 00946568)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WARDOWN ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P Baldwin
C Baldwin
L A Davies
A Northwood



SECRETARY: W S Baldwin



REGISTERED OFFICE: Townsend Industrial Estate
Townsend Farm Road
Houghton Regis
Dunstable
Bedfordshire
LU5 5BA



REGISTERED NUMBER: 00946568 (England and Wales)



AUDITORS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS



BANKERS: National Westminster Bank Plc
31 George Street
Luton
Bedfordshire
LU1 2YN

WARDOWN ENGINEERING LIMITED (REGISTERED NUMBER: 00946568)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 399,155 552,377

CURRENT ASSETS
Inventories 220,122 212,020
Debtors 5 508,921 436,139
Cash in hand 200,871 224,720
929,914 872,879
CREDITORS
Amounts falling due within one year 6 433,631 500,239
NET CURRENT ASSETS 496,283 372,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

895,438

925,017

PROVISIONS FOR LIABILITIES 98,002 107,791
NET ASSETS 797,436 817,226

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 796,436 816,226
SHAREHOLDERS' FUNDS 797,436 817,226

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





C Baldwin - Director


WARDOWN ENGINEERING LIMITED (REGISTERED NUMBER: 00946568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Wardown Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue (also described as sales or turnover) is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue Recognition
Revenue is recognised on the sale of goods when the goods are delivered and title has passed, and is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost, 20% on cost and 10% on cost

All fixed assets are initially recorded at cost.

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

Work in progress is valued on the basis of direct costs plus, where appropriate, attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included in the valuation of work in progress once the products are at an appropriate level of completion.

WARDOWN ENGINEERING LIMITED (REGISTERED NUMBER: 00946568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. There are no advanced instruments recognised by the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Holiday pay
The company provides for the cost of holiday pay which is accrued as at the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

WARDOWN ENGINEERING LIMITED (REGISTERED NUMBER: 00946568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 12,985 2,526,359 75,920 242,604 2,857,868
Additions - 11,505 - 2,976 14,481
Disposals - - (2 ) (2,330 ) (2,332 )
At 31 May 2024 12,985 2,537,864 75,918 243,250 2,870,017
DEPRECIATION
At 1 June 2023 5,189 2,026,652 46,884 226,766 2,305,491
Charge for year 649 140,315 18,853 7,885 167,702
Eliminated on disposal - - - (2,331 ) (2,331 )
At 31 May 2024 5,838 2,166,967 65,737 232,320 2,470,862
NET BOOK VALUE
At 31 May 2024 7,147 370,897 10,181 10,930 399,155
At 31 May 2023 7,796 499,707 29,036 15,838 552,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 407,883 349,981
Other debtors 101,038 86,158
508,921 436,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 179,549 225,241
Amounts owed to group undertakings 80,000 -
Taxation and social security 111,569 89,669
Other creditors 62,513 185,329
433,631 500,239

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Brown (Senior Statutory Auditor)
for and on behalf of Landers Accountants Ltd

WARDOWN ENGINEERING LIMITED (REGISTERED NUMBER: 00946568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. PARENT COMPANY

The parent company is Wardown Holdings Limited, and its registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.