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REGISTERED NUMBER: 10782708 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

We Build Trades Limited

We Build Trades Limited (Registered number: 10782708)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


We Build Trades Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D J Brown





REGISTERED OFFICE: 19 Hereward Rise
Halesowen
West Midlands
B62 8AN





REGISTERED NUMBER: 10782708 (England and Wales)





ACCOUNTANTS: Blythe Phillips
8/9 Earls Way
Halesowen
West Midlands
B63 3HR

We Build Trades Limited (Registered number: 10782708)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,465 10,003
Investments 5 130,712 130,712
160,177 140,715

CURRENT ASSETS
Debtors 6 41,895 5,840
Cash at bank 123,579 169,137
165,474 174,977
CREDITORS
Amounts falling due within one year 7 123,495 95,163
NET CURRENT ASSETS 41,979 79,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,156

220,529

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 202,155 220,528
202,156 220,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 16 January 2025 and were signed by:





D J Brown - Director


We Build Trades Limited (Registered number: 10782708)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

We Build Trades 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.
Plant and machinery etc - 25% on reducing balance

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.

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 1 (2023 - 1 ) .

We Build Trades Limited (Registered number: 10782708)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 17,355
Additions 29,283
At 31 May 2024 46,638
DEPRECIATION
At 1 June 2023 7,352
Charge for year 9,821
At 31 May 2024 17,173
NET BOOK VALUE
At 31 May 2024 29,465
At 31 May 2023 10,003

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 130,712
NET BOOK VALUE
At 31 May 2024 130,712
At 31 May 2023 130,712

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,198 -
Other debtors 40,697 5,840
41,895 5,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 41,820 -
Taxation and social security 76,109 85,706
Other creditors 5,566 9,457
123,495 95,163