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REGISTERED NUMBER: 03661329 (England and Wales)
























Wilby Homes Limited

Financial Statements

for the Period 1st January 2023 to 31st March 2024






Wilby Homes Limited (Registered number: 03661329)

Contents of the Financial Statements
for the Period 1st January 2023 to 31st March 2024










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Wilby Homes Limited

Company Information
for the Period 1st January 2023 to 31st March 2024







Directors: A J Lawson
H A S Lawson





Registered office: Wellingborough Grange
Hardwick Road
Wellingborough
Northampton
NN8 6BW





Registered number: 03661329 (England and Wales)





Accountants: A.J. Lewis
Chartered Accountant
Lewis & Son Accountants Limited
37 Stoke Road
Blisworth
Northampton
NN7 3BZ

Wilby Homes Limited (Registered number: 03661329)

Abridged Balance Sheet
31st March 2024

2024 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 3 5,969 7,461

Current assets
Stocks 422,128 422,128
Debtors 407,591 343,535
Cash at bank 20,079 7,258
849,798 772,921
Creditors
Amounts falling due within one year 251,575 166,516
Net current assets 598,223 606,405
Total assets less current liabilities 604,192 613,866

Provisions for liabilities 1,492 1,418
Net assets 602,700 612,448

Capital and reserves
Called up share capital 2 2
Retained earnings 602,698 612,446
602,700 612,448

Wilby Homes Limited (Registered number: 03661329)

Abridged Balance Sheet - continued
31st March 2024


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

The members have not required the company to obtain an audit of its financial statements for the period 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the period ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29th November 2024 and were signed on its behalf by:





A J Lawson - Director


Wilby Homes Limited (Registered number: 03661329)

Notes to the Financial Statements
for the Period 1st January 2023 to 31st March 2024


1. 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.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. All the turnover is to customers within the United Kingdom.

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 - 20% on reducing balance

Stock and work in progress
Stock and work in progress is stated at the lower of cost and net realisable value.

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Wilby Homes Limited (Registered number: 03661329)

Notes to the Financial Statements - continued
for the Period 1st January 2023 to 31st March 2024


2. Employees and directors

The average number of employees during the period was 3 (2022 - 3 ) .

3. Tangible fixed assets
Totals
£   
Cost
At 1st January 2023
and 31st March 2024 24,223
Depreciation
At 1st January 2023 16,762
Charge for period 1,492
At 31st March 2024 18,254
Net book value
At 31st March 2024 5,969
At 31st December 2022 7,461

4. Related party disclosures

Directors loansAt the end of the year there was a balance owing from a director of £181,716, (2022: £Nil). The loan is interest free and repayable on demand.

Related party transactions
During the year materials and services of £1,099,147 (2022: £350,875) were supplied to related parties at cost price in return for a share of the development profits.