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REGISTERED NUMBER: 05308421 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

B.W.C. CONTRACTS LIMITED

B.W.C. CONTRACTS LIMITED (REGISTERED NUMBER: 05308421)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.W.C. CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: FS Charlwood
B W C Charlwood





REGISTERED OFFICE: Squirrels Leap 6A Chiswick End
Meldreth
Royston
SG8 6LZ





REGISTERED NUMBER: 05308421 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

B.W.C. CONTRACTS LIMITED (REGISTERED NUMBER: 05308421)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 33,126 35,375
33,126 35,375

CURRENT ASSETS
Debtors 7 29,190 5,803
Cash at bank 45,621 43,821
74,811 49,624
CREDITORS
Amounts falling due within one year 8 (33,162 ) (24,207 )
NET CURRENT ASSETS 41,649 25,417
TOTAL ASSETS LESS CURRENT LIABILITIES 74,775 60,792

PROVISIONS FOR LIABILITIES 9 (8,282 ) (6,721 )
NET ASSETS 66,493 54,071

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 66,491 54,069
SHAREHOLDERS' FUNDS 66,493 54,071

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

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

B.W.C. CONTRACTS LIMITED (REGISTERED NUMBER: 05308421)

BALANCE SHEET - continued
31ST MARCH 2024


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 11th November 2024 and were signed on its behalf by:





B W C Charlwood - Director


B.W.C. CONTRACTS LIMITED (REGISTERED NUMBER: 05308421)

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

1. STATUTORY INFORMATION

B.W.C. Contracts 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Goodwill has been amortised, using the straight line method, over 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

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

B.W.C. CONTRACTS LIMITED (REGISTERED NUMBER: 05308421)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 60,000
AMORTISATION
At 1st April 2023
and 31st March 2024 60,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 112,338
Additions 4,800
Disposals (2,800 )
At 31st March 2024 114,338
DEPRECIATION
At 1st April 2023 76,963
Charge for year 6,550
Eliminated on disposal (2,301 )
At 31st March 2024 81,212
NET BOOK VALUE
At 31st March 2024 33,126
At 31st March 2023 35,375

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,190 5,803

B.W.C. CONTRACTS LIMITED (REGISTERED NUMBER: 05308421)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 336 4,030
Trade creditors 9,508 3,452
Taxation and social security 22,168 15,662
Other creditors 1,150 1,063
33,162 24,207

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,282 6,721

Deferred
tax
£   
Balance at 1st April 2023 6,721
Provided during year 1,561
Balance at 31st March 2024 8,282

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
B W C Charlwood and FS Charlwood
Balance outstanding at start of year 2,158 -
Amounts advanced 102,447 2,158
Amounts repaid (85,452 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,153 2,158