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REGISTERED NUMBER: 04099222 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

W.C.D. SLEEMAN & SONS LIMITED

W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


W.C.D. SLEEMAN & SONS LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: S J Sleeman
Mrs B Sleeman





SECRETARY: S J Sleeman





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 04099222 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
W.C.D. Sleeman & Sons Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.C.D. Sleeman & Sons Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of W.C.D. Sleeman & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.C.D. Sleeman & Sons Limited and state those matters that we have agreed to state to the Board of Directors of W.C.D. Sleeman & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.C.D. Sleeman & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W.C.D. Sleeman & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W.C.D. Sleeman & Sons Limited. You consider that W.C.D. Sleeman & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.C.D. Sleeman & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


29 November 2024

W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 259,328 332,090

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 290,117 219,270
Cash at bank 327,067 333,153
622,184 557,423
CREDITORS
Amounts falling due within one year 6 343,485 306,223
NET CURRENT ASSETS 278,699 251,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,027

583,290

CREDITORS
Amounts falling due after more than one
year

7

(24,583

)

(83,583

)

PROVISIONS FOR LIABILITIES 8 (64,831 ) (83,022 )
NET ASSETS 448,613 416,685

CAPITAL AND RESERVES
Called up share capital 9 15,500 15,500
Capital redemption reserve 15,500 15,500
Retained earnings 417,613 385,685
SHAREHOLDERS' FUNDS 448,613 416,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)

Balance Sheet - continued
30 April 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 Income Statement 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:





S J Sleeman - Director


W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

W.C.D. Sleeman & Sons 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.

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
Turnover represents amounts receivable for drilling and blasting services net of VAT and trade discounts, recognised when services have been rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures, fittings and equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements

3. EMPLOYEES AND DIRECTORS

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

W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short Plant and Motor and
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 16,696 861,871 29,087 678 908,332
Additions - 12,794 - 997 13,791
At 30 April 2024 16,696 874,665 29,087 1,675 922,123
DEPRECIATION
At 1 May 2023 16,696 541,221 17,647 678 576,242
Charge for year - 83,361 2,860 332 86,553
At 30 April 2024 16,696 624,582 20,507 1,010 662,795
NET BOOK VALUE
At 30 April 2024 - 250,083 8,580 665 259,328
At 30 April 2023 - 320,650 11,440 - 332,090


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 285,342 214,195
Other debtors 4,775 5,075
290,117 219,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 59,000 99,652
Trade creditors 106,491 54,702
Taxation and social security 94,755 75,796
Other creditors 83,239 76,073
343,485 306,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 24,583 83,583

Hire purchase contracts are secured against the assets to which they relate.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 64,831 83,022

W.C.D. SLEEMAN & SONS LIMITED (REGISTERED NUMBER: 04099222)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 83,022
Accelerated capital allowances (18,191 )
Balance at 30 April 2024 64,831

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 A Ordinary £1 500 500
15,000 B Ordinary £1 15,000 15,000
15,500 15,500

The A Ordinary shares have full voting rights.

The B Ordinary shares have no voting rights.

On liquidation the assets of the company shall be distributed amongst the holders of the shares pari-passu.