Company Registration No. 02860876 (England and Wales)
West Wight Drilling & Piling Limited
Unaudited accounts
for the year ended 31 October 2024
West Wight Drilling & Piling Limited
Unaudited accounts
Contents
West Wight Drilling & Piling Limited
Company Information
for the year ended 31 October 2024
Director
George Michael Morris
Company Number
02860876 (England and Wales)
Registered Office
17 Edinburgh Road
Freshwater
Isle of Wight
PO40 9DL
UK
Accountants
Vision Accounting
Fortis House
Cothey Way
Ryde
Isle of Wight
PO33 1QT
West Wight Drilling & Piling Limited
Statement of financial position
as at 31 October 2024
Tangible assets
11,495
11,066
Creditors: amounts falling due within one year
(40,715)
(21,553)
Net current (liabilities)/assets
(2,591)
5,673
Total assets less current liabilities
8,904
16,739
Provisions for liabilities
Deferred tax
(2,184)
(2,100)
Called up share capital
2
2
Profit and loss account
6,718
14,637
Shareholders' funds
6,720
14,639
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 February 2025 and were signed on its behalf by
George Michael Morris
Director
Company Registration No. 02860876
West Wight Drilling & Piling Limited
Notes to the Accounts
for the year ended 31 October 2024
West Wight Drilling & Piling Limited is a private company, limited by shares, registered in England and Wales, registration number 02860876. The registered office is 17 Edinburgh Road, Freshwater, Isle of Wight, PO40 9DL, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
West Wight Drilling & Piling Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
At 1 November 2023
105,669
At 31 October 2024
117,669
Charge for the year
11,571
At 31 October 2024
106,174
Amounts falling due within one year
Trade debtors
26,673
22,662
Accrued income and prepayments
1,271
-
West Wight Drilling & Piling Limited
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,171
5,494
Trade creditors
12,877
1,832
Taxes and social security
8,522
2,429
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).