IRIS Accounts Production v24.3.2.46 01055694 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010556942023-06-30010556942024-06-30010556942023-07-012024-06-30010556942022-06-30010556942022-07-012023-06-30010556942023-06-3001055694ns15:EnglandWales2023-07-012024-06-3001055694ns14:PoundSterling2023-07-012024-06-3001055694ns10:Director12023-07-012024-06-3001055694ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001055694ns10:SmallEntities2023-07-012024-06-3001055694ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001055694ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001055694ns10:AbridgedAccounts2023-07-012024-06-3001055694ns10:Director22023-07-012024-06-3001055694ns10:Director32023-07-012024-06-3001055694ns10:Director42023-07-012024-06-3001055694ns10:CompanySecretary12023-07-012024-06-3001055694ns10:RegisteredOffice2023-07-012024-06-3001055694ns5:CurrentFinancialInstruments2024-06-3001055694ns5:CurrentFinancialInstruments2023-06-3001055694ns5:ShareCapital2024-06-3001055694ns5:ShareCapital2023-06-3001055694ns5:CapitalRedemptionReserve2024-06-3001055694ns5:CapitalRedemptionReserve2023-06-3001055694ns5:RetainedEarningsAccumulatedLosses2024-06-3001055694ns5:RetainedEarningsAccumulatedLosses2023-06-3001055694ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3001055694ns5:PlantMachinery2023-07-012024-06-3001055694ns5:FurnitureFittings2023-07-012024-06-3001055694ns5:MotorVehicles2023-07-012024-06-30
REGISTERED NUMBER: 01055694 (England and Wales)












REPORT OF THE DIRECTORS AND


ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WALTHAM FOREST ENGINEERING LIMITED

WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 4

Notes to the Financial Statements 6


WALTHAM FOREST ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ms B Clark
Mr I S Davies
Mr L C Davies
Mr J C Davies





SECRETARY: Ms B Clark





REGISTERED OFFICE: Unit 16
Oakwood Hill Industrial Estate
Loughton
Essex
IG10 3TZ





REGISTERED NUMBER: 01055694 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


The directors present their report with the financial statements of the company for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of metal workers and builders.

DIVIDENDS
No interim dividends were paid during the year on any of the shares. The directors recommend a final dividend of £115.56 per share on the Ordinary Shares £1 shares but none on any other classes of shares.

The total distribution of dividends for the year ended 30 June 2024 will be £ 52,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Ms B Clark
Mr I S Davies

Other changes in directors holding office are as follows:

Mr L C Davies - appointed 19 March 2024
Mr J C Davies - appointed 19 March 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

ON BEHALF OF THE BOARD:





Mr I S Davies - Director


19 March 2025

WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,567 141,601

CURRENT ASSETS
Stocks 24,120 7,650
Debtors 113,174 72,189
Cash at bank and in hand 128,848 107,578
266,142 187,417
CREDITORS
Amounts falling due within one year 162,091 131,666
NET CURRENT ASSETS 104,051 55,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,618

197,352

CAPITAL AND RESERVES
Called up share capital 500 50
Capital redemption reserve 50 50
Retained earnings 240,068 197,252
SHAREHOLDERS' FUNDS 240,618 197,352

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.

WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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:





Mr I S Davies - Director


WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Waltham Forest Engineering 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

WALTHAM FOREST ENGINEERING LIMITED (REGISTERED NUMBER: 01055694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 377,915
Additions 31,621
Disposals (26,674 )
At 30 June 2024 382,862
DEPRECIATION
At 1 July 2023 236,314
Charge for year 33,430
Eliminated on disposal (23,449 )
At 30 June 2024 246,295
NET BOOK VALUE
At 30 June 2024 136,567
At 30 June 2023 141,601

5. OTHER FINANCIAL COMMITMENTS

At 30 June 2024 the company had annual commitments under an operating lease as follows:

20242023
£   £   

Expiry date:
In more than five years16,81610,630
================

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I S Davies.