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REGISTERED NUMBER: 04293062 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Wye Valley Demolition Limited

Wye Valley Demolition Limited (Registered number: 04293062)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wye Valley Demolition Limited

Company Information
for the year ended 31 August 2024







Directors: S A Howell
A R Howell
A J Moulton
G M Pettigrew
T M H Davies



Secretary: S A Howell



Registered office: Lloyd George House
Fordshill Road
Rotherwas Industrial Estate
Hereford
HR2 6NS



Registered number: 04293062 (England and Wales)



Senior statutory auditor: Robin Graham Mason FCCA



Auditors: Acre Accountancy Limited
Statutory Auditor
Certified Accountants
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Wye Valley Demolition Limited (Registered number: 04293062)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 421,632 465,139

CURRENT ASSETS
Stocks 6 750,244 1,049,526
Debtors 7 802,177 1,133,683
Cash at bank 909,273 1,117,123
2,461,694 3,300,332
CREDITORS
Amounts falling due within one year 8 (982,694 ) (1,335,639 )
NET CURRENT ASSETS 1,479,000 1,964,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,900,632

2,429,832

CREDITORS
Amounts falling due after more than one
year

9

-

(107,410

)

PROVISIONS FOR LIABILITIES (91,083 ) (98,815 )
NET ASSETS 1,809,549 2,223,607

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 1,809,547 2,223,605
SHAREHOLDERS' FUNDS 1,809,549 2,223,607

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:




S A Howell - Director



A J Moulton - Director


Wye Valley Demolition Limited (Registered number: 04293062)

Notes to the Financial Statements
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Wye Valley Demolition 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement and volume rebates.Revenue is recognised when the significant risks and rewards have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from larger contracts is recognised when monthly applications are submitted and agreed or on staged invoices if specified in the contract terms. Smaller contracts and site work is invoiced on completion.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Work in progress
Unbilled revenue on contracts in progress is recognised as work in progress in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- The amount of revenue can be measured reliably
- It is probable that the company will receive the revenue due under the contract
- The stage of completion of the contract at the end of the reporting period can be measured reliably, and
- The costs incurred and the costs to complete the contract can be measured reliably

Wye Valley Demolition Limited (Registered number: 04293062)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 31 ) .

Wye Valley Demolition Limited (Registered number: 04293062)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 September 2023 699,910 36,000 735,910
Additions - 57,179 57,179
At 31 August 2024 699,910 93,179 793,089
Depreciation
At 1 September 2023 263,091 7,680 270,771
Charge for year 87,359 13,327 100,686
At 31 August 2024 350,450 21,007 371,457
Net book value
At 31 August 2024 349,460 72,172 421,632
At 31 August 2023 436,819 28,320 465,139

6. STOCKS
2024 2023
£    £   
Work-in-progress 750,244 1,049,526

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 572,940 951,868
Amounts owed by group undertakings 58,700 -
Other debtors 27,730 12,500
Prepayments 142,807 169,315
802,177 1,133,683

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 107,410 132,637
Trade creditors 494,675 436,048
Tax 20,658 309,717
Social security and other taxes 44,758 42,383
VAT 30,787 121,182
Other creditors 197,978 196,621
Directors' current accounts 81 81
Accruals and deferred income 86,347 96,970
982,694 1,335,639

Wye Valley Demolition Limited (Registered number: 04293062)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 107,410

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 - 2
80 Ordinary A Shares 0.01 1 -
120 Ordinary B Shares 0.01 1 -
2 2

11. RESERVES
Retained
earnings
£   

At 1 September 2023 2,223,605
Profit for the year 578,596
Dividends (992,654 )
At 31 August 2024 1,809,547

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robin Graham Mason FCCA (Senior Statutory Auditor)
for and on behalf of Acre Accountancy Limited

13. RELATED PARTY DISCLOSURES

On 17 October 2023 Wye Valley Demolition Limited gave a guarantee in the form of a fixed and floating charge on behalf of its parent Wye Valley Demolition Holdings Limited in respect of a loan from an associated company Avalon Metals Limited.