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REGISTERED NUMBER: 01909647 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Westminster Building Services Limited

Westminster Building Services Limited (Registered number: 01909647)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westminster Building Services Limited

Company Information
for the Year Ended 30th June 2024







DIRECTOR: J A Wharfe





REGISTERED OFFICE: Trios House
Reform Road
Maidenhead
Berkshire
SL6 8BY





REGISTERED NUMBER: 01909647 (England and Wales)





ACCOUNTANTS: Hannaways
Trios House
Reform Road
Maidenhead
Berkshire
SL6 8BY

Westminster Building Services Limited (Registered number: 01909647)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,281 1,182

CURRENT ASSETS
Stocks 5 191,429 525,915
Debtors 6 210,303 149,065
Cash at bank 6,583 158,945
408,315 833,925
CREDITORS
Amounts falling due within one year 7 364,769 687,011
NET CURRENT ASSETS 43,546 146,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,827

148,096

CREDITORS
Amounts falling due after more than one
year

8

12,387

24,369
NET ASSETS 61,440 123,727

CAPITAL AND RESERVES
Called up share capital 11 68 68
Capital redemption reserve 12 33 33
Retained earnings 12 61,339 123,626
SHAREHOLDERS' FUNDS 61,440 123,727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Westminster Building Services Limited (Registered number: 01909647)

Balance Sheet - continued
30th June 2024


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 by the director and authorised for issue on 14th February 2025 and were signed by:





J A Wharfe - Director


Westminster Building Services Limited (Registered number: 01909647)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Westminster 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.

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.

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.
Leasehold improvements - Straight line over 5 years
Plant and machinery - 25% on cost
Fixtures and fittings - 20% and 25% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is stated at the lower of cost and net realisable value. Cost is calculated as the cost of direct materials and labour plus attributable overheads based on a normal level of activity.

Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal.

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.

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.

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.

Westminster Building Services Limited (Registered number: 01909647)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st July 2023 30,115 1,200 11,067 1,695 44,077
Additions - - - 33,143 33,143
At 30th June 2024 30,115 1,200 11,067 34,838 77,220
DEPRECIATION
At 1st July 2023 30,115 1,200 10,732 848 42,895
Charge for year - - 168 3,876 4,044
At 30th June 2024 30,115 1,200 10,900 4,724 46,939
NET BOOK VALUE
At 30th June 2024 - - 167 30,114 30,281
At 30th June 2023 - - 335 847 1,182

5. STOCKS
2024 2023
£    £   
Work-in-progress 191,429 525,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 194,992 142,385
Other debtors 340 40
Corporation tax 11,844 -
Prepayments 3,127 6,640
210,303 149,065

Westminster Building Services Limited (Registered number: 01909647)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 24,369 55,056
Hire purchase contracts (see note 10) 3,644 -
Trade creditors 129,063 294,021
Corporation tax - 46,869
Social security and other taxes 112,073 166,955
Other creditors 1,574 1,139
Directors' current accounts 285 632
Accrued expenses 93,761 122,339
364,769 687,011

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) - 24,369
Hire purchase contracts (see note 10) 12,387 -
12,387 24,369

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 24,369 55,056

Amounts falling due between one and two years:
Bank loans - 1-2 years - 24,369

The bank loan was advanced in November 2021 and is repayable over 36 months. The interest rate on the loan is 8.6%.

Westminster Building Services Limited (Registered number: 01909647)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 5,527 -
Between one and five years 14,739 -
20,266 -

Finance charges repayable:
Within one year 1,883 -
Between one and five years 2,352 -
4,235 -

Net obligations repayable:
Within one year 3,644 -
Between one and five years 12,387 -
16,031 -

Non-cancellable operating leases
2024 2023
£    £   
Between one and five years 10,600 10,600

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
68 Ordinary £1 68 68

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st July 2023 123,626 33 123,659
Deficit for the year (18,787 ) (18,787 )
Dividends (43,500 ) (43,500 )
At 30th June 2024 61,339 33 61,372