IRIS Accounts Production v24.3.0.553 11228230 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112282302023-03-31112282302024-03-31112282302023-04-012024-03-31112282302022-03-31112282302022-04-012023-03-31112282302023-03-3111228230ns15:EnglandWales2023-04-012024-03-3111228230ns14:PoundSterling2023-04-012024-03-3111228230ns10:Director12023-04-012024-03-3111228230ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111228230ns10:SmallEntities2023-04-012024-03-3111228230ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111228230ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111228230ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111228230ns10:FullAccounts2023-04-012024-03-3111228230ns10:Director22023-04-012024-03-3111228230ns10:RegisteredOffice2023-04-012024-03-3111228230ns5:CurrentFinancialInstruments2024-03-3111228230ns5:CurrentFinancialInstruments2023-03-3111228230ns5:Non-currentFinancialInstruments2024-03-3111228230ns5:Non-currentFinancialInstruments2023-03-3111228230ns5:ShareCapital2024-03-3111228230ns5:ShareCapital2023-03-3111228230ns5:RetainedEarningsAccumulatedLosses2024-03-3111228230ns5:RetainedEarningsAccumulatedLosses2023-03-3111228230ns5:PlantMachinery2023-04-012024-03-3111228230ns5:FurnitureFittings2023-04-012024-03-3111228230ns5:MotorVehicles2023-04-012024-03-3111228230ns5:PlantMachinery2023-03-3111228230ns5:FurnitureFittings2023-03-3111228230ns5:MotorVehicles2023-03-3111228230ns5:PlantMachinery2024-03-3111228230ns5:FurnitureFittings2024-03-3111228230ns5:MotorVehicles2024-03-3111228230ns5:PlantMachinery2023-03-3111228230ns5:FurnitureFittings2023-03-3111228230ns5:MotorVehicles2023-03-3111228230ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3111228230ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3111228230ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3111228230ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3111228230ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111228230ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 11228230 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHARTON CONCRETING LIMITED

WHARTON CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

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 CONCRETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Matthew Hillaby
Mr Laurence Brining





REGISTERED OFFICE: Unit 1, Betton Farm
Racecourse Road
East Ayton
Scarborough
North Yorkshire
YO13 9HT





REGISTERED NUMBER: 11228230 (England and Wales)





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

WHARTON CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,720 72,932

CURRENT ASSETS
Stocks 16,840 22,500
Debtors 5 80,341 61,756
Cash at bank 3,994 -
101,175 84,256
CREDITORS
Amounts falling due within one year 6 111,239 91,774
NET CURRENT LIABILITIES (10,064 ) (7,518 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,656 65,414

CREDITORS
Amounts falling due after more than
one year

7

(29,388

)

(50,381

)

PROVISIONS FOR LIABILITIES (13,680 ) (13,857 )
NET ASSETS 1,588 1,176

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,488 1,076
1,588 1,176

WHARTON CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

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 Matthew Hillaby - Director


WHARTON CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

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


1. STATUTORY INFORMATION

Wharton Concreting 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 sales relates.

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

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.

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 CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

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.

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and the available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 73,580 693 64,585 138,858
DEPRECIATION
At 1 April 2023 42,690 280 22,956 65,926
Charge for year 7,722 83 10,407 18,212
At 31 March 2024 50,412 363 33,363 84,138
NET BOOK VALUE
At 31 March 2024 23,168 330 31,222 54,720
At 31 March 2023 30,890 413 41,629 72,932

WHARTON CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

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:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 52,635
DEPRECIATION
At 1 April 2023 14,199
Charge for year 9,609
At 31 March 2024 23,808
NET BOOK VALUE
At 31 March 2024 28,827
At 31 March 2023 38,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,025 41,749
Other debtors 56,316 20,007
80,341 61,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,918 19,964
Hire purchase contracts 10,898 9,657
Trade creditors 54,738 42,051
Taxation and social security 28,705 16,094
Other creditors 5,980 4,008
111,239 91,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,490 26,585
Hire purchase contracts 12,898 23,796
29,388 50,381

WHARTON CONCRETING LIMITED (REGISTERED NUMBER: 11228230)

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 23,796 33,453

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, there was a balance owed by Mr L Brining of £26,236 (2023: £nil), included in other debtors. The loan is repayable on demand.

At the year end, there was a balance owed by Mr M Hillaby of £26,236 (2023: £nil), included in other debtors. The loan is repayable on demand.