Registered number: 01005699
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Ward Bros (Durham) Limited
Financial statements
Information for filing with the registrar
30 April 2024
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Ward Bros (Durham) Limited
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Balance sheet
At 30 April 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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1
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Ward Bros (Durham) Limited
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Balance sheet (continued)
At 30 April 2024
The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 January 2025.
Company registered number: 01005699
The notes on pages 3 to 5 form part of these financial statements.
2
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Ward Bros (Durham) Limited
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Notes to the financial statements
Year ended 30 April 2024
The company is a private company limited by shares, incorporated and domiciled in England and Wales. The address of the registered office is Thistle Road, Littleburn Industrial Estate, Langley Moor, Durham, DH7 8HZ.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and he Companies Act 2006.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably
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Current and deferred taxation
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Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Deferred tax assets are recognised when it is more likely than not that they will be recovered. The company has not adopted a policy of discounting deferred tax assets and liabilities. Deferred tax is measured using rates of tax that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
3
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Ward Bros (Durham) Limited
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Notes to the financial statements
Year ended 30 April 2024
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Cost of defined contribution scheme
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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Amounts owed by related parties
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Prepayments and accrued income
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4
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Ward Bros (Durham) Limited
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Notes to the financial statements
Year ended 30 April 2024
5.Debtors (continued)
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Creditors: amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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Related party transactions
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During the year an inter company account was operated between the company and Ward Bros. (Plant Hire) Limited to record normal trading transactions. At the year end the amount due from Ward Bros. (Plant Hire) Limited was £37,629 (2023 : £53,225).
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5
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