Registered number
12626580
Wolfhampcote Builders Limited
Filleted Accounts
31 May 2024
Wolfhampcote Builders Limited
Registered number: 12626580
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 1,551,019 1,291,995
Cash at bank and in hand 1,220 1,508
1,552,239 1,293,503
Creditors: amounts falling due within one year 4 (1,566,779) (1,304,452)
Net current liabilities (14,540) (10,949)
Net liabilities (14,540) (10,949)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,541) (10,950)
Shareholder's funds (14,540) (10,949)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Potter
Director
Approved by the board on 21 February 2025
Wolfhampcote Builders Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Work in progress 1,547,398 1,286,924
Other taxes and social security 3,621 5,071
1,551,019 1,291,995
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,566,779 1,304,452
5 Other information
Wolfhampcote Builders Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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