Company Registration No. 05451184 (England and Wales)
A WALSH CONSTRUCTION LIMITED
Unaudited accounts
for the year ended 26 November 2024
A WALSH CONSTRUCTION LIMITED
Statement of financial position
as at 26 November 2024
Investment property
-
769,500
Cash at bank and in hand
93,547
3,640
Creditors: amounts falling due within one year
(34,847)
(121,860)
Net current assets/(liabilities)
58,700
(118,220)
Total assets less current liabilities
58,700
651,280
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
58,698
528,871
Shareholders' funds
58,700
528,873
For the year ending 26 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2025 and were signed on its behalf by
Andrew Walsh
Director
Company Registration No. 05451184
A WALSH CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 26 November 2024
A WALSH CONSTRUCTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05451184. The registered office is 15 Worswick Green, Rossendale, Lancashire, BB4 7NN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
18% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A WALSH CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 26 November 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 27 November 2023
4,643
847
5,490
Disposals
(4,643)
(847)
(5,490)
At 27 November 2023
4,643
847
5,490
On disposals
(4,643)
(847)
(5,490)
Fair value at 27 November 2023
769,500
Investment properties held by the Company were disposed of on the 14 November 2024.
(Revaluation : 2023 £644,248 - 2022 £644,248)
(Historical cost : 2023 £125,252 - 2022 £105,752)
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
22,180
2,731
Loans from directors
10,167
116,629
Included within Creditors: amounts falling due within one year is an amount of £10,167 (2022 - £116,629) due to the director of the Company.
A WALSH CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 26 November 2024
7
Deferred taxation
2024
2023
Revaluation of investment property
122,407
122,407
Other deferred taxation
(122,407)
-
Provision at start of year
122,407
122,407
Credited to the profit and loss account
(122,407)
-
Provision at end of year
-
122,407
Investment properties held by the Company were disposed of on the 14 November 2024 and the deferred tax initially recognised on revaluation reversed.
Allotted, called up and fully paid:
1 "A" Ordinary shares of £1 each
1
1
1 "B" Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).