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REGISTERED NUMBER: 05761366 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

Walsh Brothers (Civils) Ltd

Walsh Brothers (Civils) Ltd (Registered number: 05761366)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walsh Brothers (Civils) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C J Walsh
M J Walsh
J G Walsh





SECRETARY: C J Walsh





REGISTERED OFFICE: Oak Tree Farm
Mill Lane
South Milford
North Yorkshire
LS25 5BN





REGISTERED NUMBER: 05761366 (England and Wales)

Walsh Brothers (Civils) Ltd (Registered number: 05761366)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 199,633 120,231
199,633 120,231

CURRENT ASSETS
Stocks 8,000 7,500
Debtors 6 35,446 190,475
Cash at bank 767,192 542,133
810,638 740,108
CREDITORS
Amounts falling due within one year 7 263,258 226,339
NET CURRENT ASSETS 547,380 513,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,013

634,000

CREDITORS
Amounts falling due after more than one
year

8

(37,388

)

(20,000

)

PROVISIONS FOR LIABILITIES (58,452 ) (39,893 )
NET ASSETS 651,173 574,107

CAPITAL AND RESERVES
Called up share capital 131 131
Retained earnings 651,042 573,976
SHAREHOLDERS' FUNDS 651,173 574,107

Walsh Brothers (Civils) Ltd (Registered number: 05761366)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





C J Walsh - Director


Walsh Brothers (Civils) Ltd (Registered number: 05761366)

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

1. STATUTORY INFORMATION

Walsh Brothers (Civils) Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Walsh Brothers (Civils) Ltd (Registered number: 05761366)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company pays contributions to employee personal pensions.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Walsh Brothers (Civils) Ltd (Registered number: 05761366)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 541,798
Additions 121,286
Disposals (22,836 )
At 30 June 2024 640,248
DEPRECIATION
At 1 July 2023 421,567
Charge for year 39,789
Eliminated on disposal (20,741 )
At 30 June 2024 440,615
NET BOOK VALUE
At 30 June 2024 199,633
At 30 June 2023 120,231

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 90,295
At 30 June 2024 90,295
DEPRECIATION
Charge for year 3,762
At 30 June 2024 3,762
NET BOOK VALUE
At 30 June 2024 86,533

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,969 140,351
Amounts recoverable
on contracts 10,290 23,863
Other debtors 12,187 26,261
35,446 190,475

Walsh Brothers (Civils) Ltd (Registered number: 05761366)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 32,500 -
Trade creditors 2,871 39,656
Taxation and social security 22,833 27,783
Other creditors 195,054 148,900
263,258 226,339

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000
Hire purchase contracts 27,388 -
37,388 20,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 59,888 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors loans

Mr C and Mr M Walsh loaned monies to the company on an interest free basis. The balance owing to them at 30th June 2024: £27,441, (2023: £66,885). This is reflected in other creditors.

11. RELATED PARTY DISCLOSURES

Double U Plant UK Ltd

A company in which Mr C and Mr M Walsh are shareholders.

Monies were loaned between the companies on an interest free basis.

The balance owing to this company at 30th June 2024: £111,169, (2023: £65,482).

This is reflected in other creditors.