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REGISTERED NUMBER: 05606268 (England and Wales)























Financial Statements

for the Year Ended 30 April 2024

for

Wickstead Developments Ltd.

Wickstead Developments Ltd. (Registered number: 05606268)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wickstead Developments Ltd.

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr P A Wickstead





SECRETARY: Mrs C L Wickstead





REGISTERED OFFICE: Suite 1 Hulmes Bridge Business Centre
North Moor Lane
Halsall
Ormskirk
Lancashire
L39 8RF





REGISTERED NUMBER: 05606268 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Wickstead Developments Ltd. (Registered number: 05606268)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,082 80,702

CURRENT ASSETS
Stocks 79,549 102,986
Debtors 5 698,982 677,376
Cash at bank 83,152 164,000
861,683 944,362
CREDITORS
Amounts falling due within one year 6 455,997 472,122
NET CURRENT ASSETS 405,686 472,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,768

552,942

CREDITORS
Amounts falling due after more than one
year

7

(80,293

)

(136,110

)

PROVISIONS FOR LIABILITIES (12,595 ) (5,893 )
NET ASSETS 409,880 410,939

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 409,780 410,839
SHAREHOLDERS' FUNDS 409,880 410,939

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 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.

Wickstead Developments Ltd. (Registered number: 05606268)

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 director and authorised for issue on 14 January 2025 and were signed by:





Mr P A Wickstead - Director


Wickstead Developments Ltd. (Registered number: 05606268)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Wickstead Developments Ltd. 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 the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, and adjusted for work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Contracts with less than 12 months to completion at the year end are accounted for in line with SSAP 9 (i.e. accounted for as long term contracts if they are sufficiently material to the period and not to record turnover and attributable profit would lead to a distortion of the period's turnover and results). Contracts with greater than 12 months to completion are accounted for by only recognising any profit if the outcome can be foreseen with reasonable certainty. Full provision is made for any anticipated losses that are foreseen.

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.

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.

Wickstead Developments Ltd. (Registered number: 05606268)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalized 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.

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 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 87,944 16,312 228,572 7,601 340,429
Additions 15,000 - 33,054 1,416 49,470
At 30 April 2024 102,944 16,312 261,626 9,017 389,899
DEPRECIATION
At 1 May 2023 81,608 15,404 157,239 5,476 259,727
Charge for year 4,264 181 26,097 2,548 33,090
At 30 April 2024 85,872 15,585 183,336 8,024 292,817
NET BOOK VALUE
At 30 April 2024 17,072 727 78,290 993 97,082
At 30 April 2023 6,336 908 71,333 2,125 80,702

Wickstead Developments Ltd. (Registered number: 05606268)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 31,900
Additions 33,054
At 30 April 2024 64,954
DEPRECIATION
At 1 May 2023 18,442
Charge for year 11,628
At 30 April 2024 30,070
NET BOOK VALUE
At 30 April 2024 34,884
At 30 April 2023 13,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 200,734 148,778
Amounts recoverable on contract 5,686 38,076
Other debtors 70 70
Directors' current accounts 360,312 360,653
Tax 117,322 117,322
Prepayments 14,858 12,477
698,982 677,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans 47,863 46,250
Hire purchase contracts (see note 8) 25,633 7,975
Trade creditors 280,336 228,822
Tax 4,743 91,264
Social security and other taxes 10,831 9,201
VAT 10,474 42,723
Other creditors 72,447 39,796
Net wages - 2,718
Accrued expenses 3,670 3,373
455,997 472,122

Wickstead Developments Ltd. (Registered number: 05606268)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 32,037 47,863
Other loans - 2-5 years 1,250 33,287
Hire purchase contracts (see note 8) 47,006 54,960
80,293 136,110

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 25,633 7,975
Between one and five years 47,006 54,960
72,639 62,935

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 10,377 10,377
Between one and five years 3,459 13,836
13,836 24,213

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 72,639 62,935
CBIL 81,150 127,400
153,789 190,335

The UK Government have provided an 80% guarantee on the Coronavirus Business Interruption Loan Scheme (CBILS), borrowings obtained from lloyds Bank (£75,000) and Funding Circle (£125,000).

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

Wickstead Developments Ltd. (Registered number: 05606268)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, Mr P A Wickstead owed £360,312 (2023 - £360,653) to the company on 30 April 2023. No interest were charged on this outstanding.