IRIS Accounts Production v24.3.2.46 02217966 director 1.3.23 28.2.24 28.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022179662023-02-28022179662024-02-28022179662023-03-012024-02-28022179662022-02-28022179662022-03-012023-02-28022179662023-02-2802217966ns15:EnglandWales2023-03-012024-02-2802217966ns14:PoundSterling2023-03-012024-02-2802217966ns10:Director12023-03-012024-02-2802217966ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2802217966ns10:SmallEntities2023-03-012024-02-2802217966ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2802217966ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2802217966ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2802217966ns10:FullAccounts2023-03-012024-02-2802217966ns10:RegisteredOffice2023-03-012024-02-2802217966ns5:CurrentFinancialInstruments2024-02-2802217966ns5:CurrentFinancialInstruments2023-02-2802217966ns5:ShareCapital2024-02-2802217966ns5:ShareCapital2023-02-2802217966ns5:RevaluationReserve2024-02-2802217966ns5:RevaluationReserve2023-02-2802217966ns5:CapitalRedemptionReserve2024-02-2802217966ns5:CapitalRedemptionReserve2023-02-2802217966ns5:RetainedEarningsAccumulatedLosses2024-02-2802217966ns5:RetainedEarningsAccumulatedLosses2023-02-2802217966ns5:LandBuildings2023-02-2802217966ns5:FurnitureFittings2023-02-2802217966ns5:MotorVehicles2023-02-2802217966ns5:LandBuildings2023-03-012024-02-2802217966ns5:FurnitureFittings2023-03-012024-02-2802217966ns5:MotorVehicles2023-03-012024-02-2802217966ns5:LandBuildings2024-02-2802217966ns5:FurnitureFittings2024-02-2802217966ns5:MotorVehicles2024-02-2802217966ns5:LandBuildings2023-02-2802217966ns5:FurnitureFittings2023-02-2802217966ns5:MotorVehicles2023-02-2802217966ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2802217966ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2802217966ns5:RevaluationReserve2023-02-28
REGISTERED NUMBER: 02217966 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED

WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED (REGISTERED NUMBER: 02217966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: Timothy King





REGISTERED OFFICE: Craven Edge Enterprises Centre
Back Clarendon Place
Hopwood Lane
HALIFAX
West Yorkshire
HX1 5EL





REGISTERED NUMBER: 02217966 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor Offices, Unit A4
Old Power Way
Lowfields Business Park
Elland
HX5 9DE

WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED (REGISTERED NUMBER: 02217966)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,956 307,044

CURRENT ASSETS
Stocks 31,390 12,700
Debtors 5 170,653 183,643
Prepayments and accrued income 3,336 2,540
Cash at bank and in hand 122,810 411,934
328,189 610,817
CREDITORS
Amounts falling due within one year 6 179,994 151,985
NET CURRENT ASSETS 148,195 458,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,151

765,876

PROVISIONS FOR LIABILITIES 8,725 10,881
NET ASSETS 427,426 754,995

CAPITAL AND RESERVES
Called up share capital 100 999
Revaluation reserve 7 65,855 65,855
Capital redemption reserve 899 -
Profit and loss account 360,572 688,141
427,426 754,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED (REGISTERED NUMBER: 02217966)

BALANCE SHEET - continued
28 FEBRUARY 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 director and authorised for issue on 27 November 2024 and were signed by:





Timothy King - Director


WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED (REGISTERED NUMBER: 02217966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Willand Engineering Company (Halifax) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

STOCKS
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year 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 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.

WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED (REGISTERED NUMBER: 02217966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 256,810 278,079 103,744 638,633
Additions - 2,320 16,990 19,310
Disposals - (11,532 ) (19,500 ) (31,032 )
Reclassification/transfer (6,335 ) 6,335 - -
At 28 February 2024 250,475 275,202 101,234 626,911
DEPRECIATION
At 1 March 2023 - 263,647 67,942 331,589
Charge for year 16,619 5,170 11,977 33,766
Eliminated on disposal - (10,370 ) (16,030 ) (26,400 )
At 28 February 2024 16,619 258,447 63,889 338,955
NET BOOK VALUE
At 28 February 2024 233,856 16,755 37,345 287,956
At 28 February 2023 256,810 14,432 35,802 307,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,253 172,710
Other debtors 1,400 10,933
170,653 183,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 126,286 102,000
Taxation and social security 34,096 41,879
Other creditors 19,612 8,106
179,994 151,985

WILLAND ENGINEERING COMPANY (HALIFAX)
LIMITED (REGISTERED NUMBER: 02217966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

7. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 28 February 2024 65,855