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Registered number: 09998860
WJSInstallations Ltd
Financial Statements
For The Year Ended 29 February 2024
Clear Path Accountancy
Dormer House
44 Town Green Street
Rothley
Leicestershire
LE7 7NU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09998860
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,421 6,061
12,421 6,061
CURRENT ASSETS
Stocks 5 16,000 5,000
Debtors 6 5,064 8,363
Investments 7 880 880
Cash at bank and in hand 20,884 1,172
42,828 15,415
Creditors: Amounts Falling Due Within One Year 8 (44,601 ) (39,319 )
NET CURRENT ASSETS (LIABILITIES) (1,773 ) (23,904 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,648 (17,843 )
Creditors: Amounts Falling Due After More Than One Year 9 (3,581 ) (7,567 )
NET ASSETS/(LIABILITIES) 7,067 (25,410 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 7,066 (25,411 )
SHAREHOLDERS' FUNDS 7,067 (25,410)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Neale
Director
26 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WJSInstallations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09998860 . The registered office is Dormer House, 44 Town Green Street, Rothley, Leicestershire, LE7 7NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:  1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 5,366 14,980 20,346
Additions 166 10,000 10,166
As at 29 February 2024 5,532 24,980 30,512
Depreciation
As at 1 March 2023 3,029 11,256 14,285
Provided during the period 375 3,431 3,806
As at 29 February 2024 3,404 14,687 18,091
...CONTINUED
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Net Book Value
As at 29 February 2024 2,128 10,293 12,421
As at 1 March 2023 2,337 3,724 6,061
5. Stocks
2024 2023
£ £
Stock 16,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,244 5,984
Prepayments and accrued income 73 63
Other debtors 1,228 1,144
Other taxes and social security 519 1,172
5,064 8,363
7. Current Asset Investments
2024 2023
£ £
Short term deposits 880 880
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 339
Bank loans and overdrafts 4,161 3,706
VAT 30,596 16,748
Other creditors 2,086 8,315
Accruals and deferred income 1,180 1,025
Director's loan account 6,578 9,186
44,601 39,319
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,581 7,567
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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