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REGISTERED NUMBER: 02826886 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

WOFTAM BUILDING SERVICES LIMITED

WOFTAM BUILDING SERVICES LIMITED (REGISTERED NUMBER: 02826886)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOFTAM BUILDING SERVICES LIMITED

Company Information
for the year ended 30 September 2024







Director: Mr S R Deighton





Secretary: Mrs L B Deighton





Registered office: Unit 11
Thurrock Commercial Park
Purfleet Industrial Park
South Ockendon
Essex
RM15 4YA





Registered number: 02826886 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

WOFTAM BUILDING SERVICES LIMITED (REGISTERED NUMBER: 02826886)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 1
Investment property 5 79,000 79,000
79,000 79,001

Current assets
Debtors 6 294,846 97,230
Cash at bank 27,894 253,266
322,740 350,496
Creditors
Amounts falling due within one year 7 2,520 18,844
Net current assets 320,220 331,652
Total assets less current liabilities 399,220 410,653

Provisions for liabilities 8 1,548 1,548
Net assets 397,672 409,105

Capital and reserves
Called up share capital 9 100 100
Other reserves 6,601 -
Retained earnings 390,971 409,005
Shareholders' funds 397,672 409,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 12 February 2025 and were signed by:



Mr S R Deighton - Director


WOFTAM BUILDING SERVICES LIMITED (REGISTERED NUMBER: 02826886)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Woftam Building Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance

Investment property
The property is shown at the fair value at the Balance Sheet date as valued by the director.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


WOFTAM BUILDING SERVICES LIMITED (REGISTERED NUMBER: 02826886)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 October 2023
and 30 September 2024 4,750
Depreciation
At 1 October 2023 4,749
Eliminated on disposal 1
At 30 September 2024 4,750
Net book value
At 30 September 2024 -
At 30 September 2023 1

5. Investment property
Total
£   
Fair value
At 1 October 2023
and 30 September 2024 79,000
Net book value
At 30 September 2024 79,000
At 30 September 2023 79,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2019 66,000
Valuation in 2020 13,000
79,000

WOFTAM BUILDING SERVICES LIMITED (REGISTERED NUMBER: 02826886)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 294,846 97,230

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security - 16,324
Other creditors 2,520 2,520
2,520 18,844

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,548 1,548

Deferred
tax
£   
Balance at 1 October 2023 1,548
Balance at 30 September 2024 1,548

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100