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Company registration number: 04801911
Wilson Building & Roofing Services Ltd
Unaudited filleted financial statements
30 June 2024
Wilson Building & Roofing Services Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Wilson Building & Roofing Services Ltd
Directors and other information
Director Mr S Wilson
Company number 04801911
Registered office 30 King Street
Worthing
West Sussex
BN14 7BW
Business address 30 King Street
Worthing
West Sussex
BN14 7BW
Accountants Keith Bellenie & Co Ltd
3 Cecilian court
Cecilian Avenue
Worthing
West Sussex
BN14 8AP
Bankers HSBC
Wilson Building & Roofing Services Ltd
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 330 403
_______ _______
330 403
Current assets
Stocks - 250
Debtors 6 816 447
Cash at bank and in hand 53,322 54,614
_______ _______
54,138 55,311
Creditors: amounts falling due
within one year 7 ( 30,636) ( 33,887)
_______ _______
Net current assets 23,502 21,424
_______ _______
Total assets less current liabilities 23,832 21,827
Accruals and deferred income ( 800) ( 800)
_______ _______
Net assets 23,032 21,027
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,932 20,927
_______ _______
Shareholder funds 23,032 21,027
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr S Wilson
Director
Company registration number: 04801911
Wilson Building & Roofing Services Ltd
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 King Street, Worthing, West Sussex, BN14 7BW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 18 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 July 2023 and 30 June 2024 12,521 12,521
_______ _______
Depreciation
At 1 July 2023 12,118 12,118
Charge for the year 73 73
_______ _______
At 30 June 2024 12,191 12,191
_______ _______
Carrying amount
At 30 June 2024 330 330
_______ _______
At 30 June 2023 403 403
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 816 447
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 5,183 1,663
Social security and other taxes 2,573 2,172
Other creditors 22,880 30,052
_______ _______
30,636 33,887
_______ _______