WJC Developments Limited 13598833 false 2022-09-30 2023-09-29 2023-09-29 The principal activity of the company is development of builing projects Digita Accounts Production Advanced 6.30.9574.0 true 13598833 2022-09-30 2023-09-29 13598833 2023-09-29 13598833 bus:Director1 1 2023-09-29 13598833 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-09-29 13598833 core:RetainedEarningsAccumulatedLosses 2023-09-29 13598833 core:ShareCapital 2023-09-29 13598833 core:CurrentFinancialInstruments 2023-09-29 13598833 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-29 13598833 core:FurnitureFittingsToolsEquipment 2023-09-29 13598833 core:MotorVehicles 2023-09-29 13598833 core:OtherRelatedParties 2023-09-29 13598833 bus:SmallEntities 2022-09-30 2023-09-29 13598833 bus:AuditExemptWithAccountantsReport 2022-09-30 2023-09-29 13598833 bus:FilletedAccounts 2022-09-30 2023-09-29 13598833 bus:SmallCompaniesRegimeForAccounts 2022-09-30 2023-09-29 13598833 bus:RegisteredOffice 2022-09-30 2023-09-29 13598833 bus:Director1 2022-09-30 2023-09-29 13598833 bus:Director1 1 2022-09-30 2023-09-29 13598833 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-09-30 2023-09-29 13598833 bus:PrivateLimitedCompanyLtd 2022-09-30 2023-09-29 13598833 core:ComputerEquipment 2022-09-30 2023-09-29 13598833 core:FurnitureFittingsToolsEquipment 2022-09-30 2023-09-29 13598833 core:MotorVehicles 2022-09-30 2023-09-29 13598833 core:PlantMachinery 2022-09-30 2023-09-29 13598833 core:Vehicles 2022-09-30 2023-09-29 13598833 core:OtherRelatedParties 2022-09-30 2023-09-29 13598833 countries:EnglandWales 2022-09-30 2023-09-29 13598833 2022-09-29 13598833 bus:Director1 1 2022-09-29 13598833 core:FurnitureFittingsToolsEquipment 2022-09-29 13598833 core:MotorVehicles 2022-09-29 13598833 core:OtherRelatedParties 2022-09-29 13598833 2021-09-02 2022-09-29 13598833 2022-09-29 13598833 bus:Director1 1 2022-09-29 13598833 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-09-29 13598833 core:RetainedEarningsAccumulatedLosses 2022-09-29 13598833 core:ShareCapital 2022-09-29 13598833 core:CurrentFinancialInstruments 2022-09-29 13598833 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-29 13598833 core:FurnitureFittingsToolsEquipment 2022-09-29 13598833 core:MotorVehicles 2022-09-29 13598833 core:OtherRelatedParties 2022-09-29 13598833 bus:Director1 1 2021-09-02 2022-09-29 13598833 core:OtherRelatedParties 2021-09-02 2022-09-29 13598833 bus:Director1 1 2021-09-01 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13598833

WJC Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 September 2023

 

WJC Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

WJC Developments Limited

Company Information

Director

W J Casswell

Registered office

Vale Farm
North Ormsby
Louth
Lincolnshire
LN11 OTW

 

WJC Developments Limited

(Registration number: 13598833)
Balance Sheet as at 29 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

63,539

48,978

Current assets

 

Stocks

5

20,435

25,035

Debtors

6

1,233,662

893,379

Cash at bank and in hand

 

907,610

352,088

 

2,161,707

1,270,502

Creditors: Amounts falling due within one year

7

(1,782,055)

(1,345,354)

Net current assets/(liabilities)

 

379,652

(74,852)

Total assets less current liabilities

 

443,191

(25,874)

Provisions for liabilities

(23,461)

7,576

Net assets/(liabilities)

 

419,730

(18,298)

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

419,720

(18,308)

Shareholders' funds/(deficit)

 

419,730

(18,298)

For the financial year ending 29 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 February 2025
 

.........................................
W J Casswell
Director

 

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 13598833.

The address of its registered office is:
Vale Farm
North Ormsby
Louth
Lincolnshire
LN11 OTW

These financial statements cover the individual entity WJC Developments Limited.

These financial statements were authorised for issue by the director on 6 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance basis

Motor vehicles

15% reducing balance basis

Computer equipment

15% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 2 (2022 - 2).

 

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 30 September 2022

20,153

32,930

53,083

Additions

8,123

14,400

22,523

At 29 September 2023

28,276

47,330

75,606

Depreciation

At 30 September 2022

1,464

2,641

4,105

Charge for the year

3,417

4,545

7,962

At 29 September 2023

4,881

7,186

12,067

Carrying amount

At 29 September 2023

23,395

40,144

63,539

At 29 September 2022

18,689

30,289

48,978

 

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2023

5

Stocks

2023
£

2022
£

Raw materials and consumables

20,435

25,035

6

Debtors

2023
£

2022
£

Prepayments

6,471

3,273

Other debtors

1,227,191

890,106

1,233,662

893,379

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

54,316

18,521

Taxation and social security

209,603

27,843

Accruals and deferred income

20,867

2,200

Other creditors

1,497,269

1,296,790

1,782,055

1,345,354

 

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2023

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

       

9

Related party transactions

Transactions with the Director

2023

At 30 September 2022
£

Advances to Director
£

Repayments by Director
£

At 29 September 2023
£

W J Casswell

Directors loan account

67,426

220,611

-

288,037

2022

At 2 September 2021
£

Advances to Director
£

At 29 September 2022
£

W J Casswell

Directors loan account

-

67,426

67,426

Summary of transactions with other related parties

Connected persons businesses
 

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

1,296,546

1,296,546

Advanced

180,479

180,479

At end of period

1,477,025

1,477,025

2022

Other related parties
£

Total
£

Advanced

1,296,546

1,296,546

At end of period

1,296,546

1,296,546

 

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2023

Terms of loans from related parties

Interest free loans