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Registered number: 08767604










WWM Civils Limited










Directors' report and financial statements

For the period ended 29 February 2024

 
WWM Civils Limited
 

Company Information


Directors
M R Darling 
I D Posnett 




Registered number
08767604



Registered office
WW Martin
Dane Park Road

Ramsgate

Kent

CT11 7LT




Independent auditors
Kreston Reeves LLP
Chartered Accountants & Statutory Auditor

37 St Margaret's Street

Canterbury

Kent

CT1 2TU




Bankers
Lloyds Bank plc
3 Queen Street

Ramsgate

Kent

CT11 9DL





 
WWM Civils Limited
 

Contents



Page
Directors' report
 
1 - 2
Independent auditors' report
 
3 - 6
Statement of income and retained earnings
 
7
Balance sheet
 
8
Statement of changes in equity
 
9
Notes to the financial statements
 
10 - 15


 
WWM Civils Limited
 

 
Directors' report
For the period ended 29 February 2024

The directors present their report and the financial statements for the period ended 29 February 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company throughout the period was that of groundwork contractors. 

Directors

The directors who served during the period were:

M R Darling 
I D Posnett 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsKreston Reeves LLPwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Page 1

 
WWM Civils Limited
 

 
Directors' report (continued)
For the period ended 29 February 2024


Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





M R Darling
Director
Date: 27 November 2024

Page 2

 
WWM Civils Limited
 

 
Independent auditors' report to the members of WWM Civils Limited
 

Opinion


We have audited the financial statements of WWM Civils Limited (the 'Company') for the period ended 29 February 2024, which comprise the Statement of income and retained earnings, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 29 February 2024 and of its profit for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 3

 
WWM Civils Limited
 

 
Independent auditors' report to the members of WWM Civils Limited (continued)


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Directors' report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 4

 
WWM Civils Limited
 

 
Independent auditors' report to the members of WWM Civils Limited (continued)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud
Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to accounting estimates such as revenue recognition, amounts recoverable on long term contracts and the inappropriate posting of journals. Audit procedures performed by the engagement team included:
• Discussions with management and assessment of known or suspected instances of non-compliance with   laws and regulations and fraud; and
• Assessment of identified fraud risk factors; and
• Challenging assumptions and judgements made by management in its significant accounting estimates;    and
• Performing analytical procedures to identify any unusual or unexpected relationships, including related    party transactions, that may indicate risks of material misstatement due to fraud; and
• Confirmation of related parties with management, and review of transactions throughout the period to    identify any previously undisclosed transactions with related parties outside the normal course of     business; and
• Performing analytical procedures with automated data analytics tools to identify any unusual or     unexpected relationships, including related party transactions, that may indicate risks of material     misstatement due to fraud; and
• Reading minutes of meetings of those charged with governance
• Review of significant and unusual transactions and evaluation of the underlying financial rationale     supporting the transactions; and
• Identifying and testing journal entries, in particular any manual entries made at the year end for financial    statement preparation.


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


Page 5

 
WWM Civils Limited
 

 
Independent auditors' report to the members of WWM Civils Limited (continued)


As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:


Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.


We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.


Other matters 
 

The prior period financial statements for the company for the year ended 31 May 2023 were not audited. Accordingly the corresponding figures presented as part of the financial statements of the company for the period ended 29 February 2024 are unaudited. 


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Mark Attwood FCCA (Senior statutory auditor)
for and on behalf of
Kreston Reeves LLP
Chartered Accountants
Statutory Auditor
Canterbury

27 November 2024
Page 6

 
WWM Civils Limited
 

Statement of income and retained earnings
For the period ended 29 February 2024

9 months ended
29 February
12 months ended
31 May
2024
2023
£
£

  

Turnover
  
10,093,172
9,773,626

Cost of sales
  
(8,166,576)
(8,601,738)

Gross profit
  
1,926,596
1,171,888

Administrative expenses
  
(841,833)
(802,409)

Other operating income
  
600
17,163

Operating profit
  
1,085,363
386,642

Interest receivable and similar income
  
5,294
836

Interest payable and similar expenses
  
(163)
-

Profit before tax
  
1,090,494
387,478

Tax on profit
  
(275,933)
(77,615)

Profit after tax
  
814,561
309,863

  

  

Retained earnings at the beginning of the period
  
570,794
428,931

Profit for the period
  
814,561
309,863

Dividends
  
-
(168,000)

Retained earnings at the end of the period
  
1,385,355
570,794
The notes on pages 10 to 15 form part of these financial statements.

Page 7

 
WWM Civils Limited
Registered number: 08767604

Balance sheet
As at 29 February 2024

29 February
As restated
31 May
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,247
8,213

  
8,247
8,213

Current assets
  

Debtors: amounts falling due within one year
 6 
1,543,004
1,917,681

Cash at bank and in hand
 7 
2,801,616
2,206,266

  
4,344,620
4,123,947

Creditors: amounts falling due within one year
 8 
(2,996,679)
(3,559,247)

Net current assets
  
 
 
1,347,941
 
 
564,700

Total assets less current liabilities
  
1,356,188
572,913

Provisions for liabilities
  

Deferred tax
  
29,233
(2,053)

  
 
 
29,233
 
 
(2,053)

Net assets
  
1,385,421
570,860


Capital and reserves
  

Called up share capital 
  
66
66

Profit and loss account
  
1,385,355
570,794

  
1,385,421
570,860


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




I D Posnett
Director
Date: 27 November 2024

The notes on pages 10 to 15 form part of these financial statements.

Page 8

 
WWM Civils Limited
 

Statement of changes in equity
For the period ended 29 February 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2022 (as restated)
66
428,931
428,997



Profit for the year
-
309,863
309,863

Dividends: Equity capital
-
(168,000)
(168,000)



At 1 June 2023
66
570,794
570,860



Profit for the period
-
814,561
814,561


At 29 February 2024
66
1,385,355
1,385,421


The notes on pages 10 to 15 form part of these financial statements.

The prior period opening reserves are restated for classification purposes to amalgamate the reserves that were previously incorrectly separately classified as capital redemption reserve in the unaudited prior period financial statements, in to the profit and loss account to correctly account for the historical share buyback.

Page 9

 
WWM Civils Limited
 

 
Notes to the financial statements
For the period ended 29 February 2024

1.


General information

WWM Civils Limited is a limited liability company incorporated in England with registration number 08767604. The company's registered office is WW Martin, Dane Park Road, Ramsgate, Kent, CT11 7LT. 

2.Accounting Policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company's functional and presentational currency is Pounds Sterling.
The company's financial statements are presented to the nearest Pound. 

The following principal accounting policies have been applied:

 
2.2

Going concern

In the opinion of the directors, there are no factors in existence that would result in the company not being considered as a going concern. As such, the financial statements have been prepared on a going concern basis. 

 
2.3

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is only recognised on a construction contract where the outcome can be estimated reliably. Turnover and costs are recognised by reference to the stage of completion of the contract at the balance sheet date. Contracts are treated as construction contracts when they have been negotiated for the construction of a development. When it is likely that the total costs will exceed the total contract price, the anticipated loss will be treated as an expense in the profit and loss account for the year. 

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 10

 
WWM Civils Limited
 

 
Notes to the financial statements
For the period ended 29 February 2024

2.Accounting Policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Over 3-5 years on a straight line
Motor vehicles
-
20% on a straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 11

 
WWM Civils Limited
 

 
Notes to the financial statements
For the period ended 29 February 2024

2.Accounting Policies (continued)

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 12

 
WWM Civils Limited
 

 
Notes to the financial statements
For the period ended 29 February 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The  preparation  of  the  financial  statements  requires  the  directors  to  make  judgements,  estimates  and assumptions  that  can  affect  the  amounts  reported  for  assets  and  liabilities,  and the results for the year. The  nature  of  estimation  is  such  though  that  actual  outcomes  could  differ  significantly from  those estimates.
The  following  judgements  have  had  the  most  significant  impact  on  amounts  recognised  in  the  financial statements:
Construction contracts
As  a  groundsworks  contractor,  the  company has  entered  into  a  number  of  contracts  in  the  year. When  the  outcome  of  a  contract  can  be  estimated  reliably,  the  company has  recognised contract revenue and contract costs associated with the contract as revenue and expenses respectively by  reference  to  the  stage  of  completion  of  the  contract  activity at  the  end  of  the  reporting period (often referred to as the percentage of completion method). 
Reliable estimation of the outcome requires reliable estimates of the stage of completion, future costs and collectability of billings. 


4.


Employees

The average monthly number of employees, including directors, during the period was 16 (2023 - 23).


5.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 June 2023
42,260
130,204
172,464


Additions
2,638
-
2,638


Disposals
(8,992)
(11,320)
(20,312)



At 29 February 2024

35,906
118,884
154,790



Depreciation


At 1 June 2023
37,966
126,285
164,251


Charge for the period on owned assets
2,227
-
2,227


Disposals
(8,992)
(10,943)
(19,935)



At 29 February 2024

31,201
115,342
146,543



Net book value



At 29 February 2024
4,705
3,542
8,247



At 31 May 2023
4,294
3,919
8,213

Page 13

 
WWM Civils Limited
 

 
Notes to the financial statements
For the period ended 29 February 2024

6.


Debtors

29 February
31 May
2024
2023
£
£


Trade debtors
19,725
530,691

Amounts owed by group undertakings
220,680
-

Other debtors
303,901
1,386,990

Amounts recoverable on long-term contracts
998,698
-

1,543,004
1,917,681



7.


Cash and cash equivalents

29 February
31 May
2024
2023
£
£

Cash at bank and in hand
2,801,616
2,206,266



8.


Creditors: Amounts falling due within one year

29 February
31 May
2024
2023
£
£

Trade creditors
902,938
1,153,358

Amounts owed to group undertakings
77,899
-

Amounts owed to company under common control
2,545
-

Corporation tax
307,219
-

Other taxation and social security
14,902
203,327

Other creditors
23,049
2,202,562

Accruals and deferred income
1,668,127
-

2,996,679
3,559,247



9.


Share capital

29 February
31 May
2024
2023
£
£
Allotted, called up and fully paid



66 (2023 - 66) Ordinary Shares shares of £1.00 each
66
66


Page 14

 
WWM Civils Limited
 

 
Notes to the financial statements
For the period ended 29 February 2024

10.


Reserves

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company’s shareholders.


11.


Controlling party

Following a reorganisation, from 1 June 2024 the company's parent company is WW Martin Ltd, a company registered in England. WW Martin Ltd prepares consolidated financial statements of which this company is a part and its registered office address is Dane Park Road, Ramsgate, Kent, CT11 7LT. 
In the opinion of the Directors, there is no ultimate controlling party. 

Page 15