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REGISTERED NUMBER: 11879460 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHARTON SCREEDING LIMITED

WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHARTON SCREEDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Robert Wharton
Mr Philip Martyn Hoggarth





REGISTERED OFFICE: Long Lane Gatehouse Meads Lane
Seamer
Scarborough
YO12 4QE





REGISTERED NUMBER: 11879460 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,100 117,818

CURRENT ASSETS
Stocks 6,000 5,500
Debtors 5 180,191 155,804
Cash at bank 46,884 58,818
233,075 220,122
CREDITORS
Amounts falling due within one year 6 232,941 183,928
NET CURRENT ASSETS 134 36,194
TOTAL ASSETS LESS CURRENT LIABILITIES 220,234 154,012

CREDITORS
Amounts falling due after more than
one year

7

(84,356

)

(58,523

)

PROVISIONS FOR LIABILITIES (55,025 ) (31,222 )
NET ASSETS 80,853 64,267

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,753 64,167
80,853 64,267

WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mr Robert Wharton - Director


WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

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


1. STATUTORY INFORMATION

Wharton Screeding 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 (£).


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account in the period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 181,438 497 25,282 358 207,575
Additions 140,008 - - - 140,008
At 31 March 2024 321,446 497 25,282 358 347,583
DEPRECIATION
At 1 April 2023 79,229 221 9,988 319 89,757
Charge for year 33,817 55 3,815 39 37,726
At 31 March 2024 113,046 276 13,803 358 127,483
NET BOOK VALUE
At 31 March 2024 208,400 221 11,479 - 220,100
At 31 March 2023 102,209 276 15,294 39 117,818

WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 173,000 24,782 197,782
Additions 95,554 - 95,554
At 31 March 2024 268,554 24,782 293,336
DEPRECIATION
At 1 April 2023 76,579 9,681 86,260
Charge for year 26,097 3,775 29,872
At 31 March 2024 102,676 13,456 116,132
NET BOOK VALUE
At 31 March 2024 165,878 11,326 177,204
At 31 March 2023 96,421 15,101 111,522

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 104,403 107,150
Other debtors 75,788 48,654
180,191 155,804

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,062 10,077
Hire purchase contracts 53,733 23,476
Trade creditors 155,247 120,857
Taxation and social security 10,401 26,036
Other creditors 3,498 3,482
232,941 183,928

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,105 24,090
Hire purchase contracts 70,251 34,433
84,356 58,523

WHARTON SCREEDING LIMITED (REGISTERED NUMBER: 11879460)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 123,984 57,909

The secured debts in relation to the hire purchase contracts are secured on the assets concerned.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr Robert Wharton
Balance outstanding at start of year (347 ) 19,614
Amounts advanced 10,034 39
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,687 (347 )

The amounts above represent aggregates of the advances and repayments made in the year.

The loan is unsecured and repayable on demand. Interest has been charged at a rate of 2.25% on any outstanding advances granted to the Director.