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REGISTERED NUMBER: 02945613 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Westminster Building Company Limited

Westminster Building Company Limited (Registered number: 02945613)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westminster Building Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Jones
W Clark
J D Hicton





SECRETARY: J A Jones





REGISTERED OFFICE: Riverlights House
Meadow Road
Derby
DE1 2BH





REGISTERED NUMBER: 02945613 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Westminster Building Company Limited (Registered number: 02945613)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,087 298,815

CURRENT ASSETS
Debtors 5 2,529,283 1,815,966
Cash at bank 1,215,180 1,446,338
3,744,463 3,262,304
CREDITORS
Amounts falling due within one year 6 2,312,321 1,979,716
NET CURRENT ASSETS 1,432,142 1,282,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,717,229

1,581,403

CREDITORS
Amounts falling due after more than one
year

7

(37,639

)

(77,110

)

PROVISIONS FOR LIABILITIES (55,468 ) (64,196 )
NET ASSETS 1,624,122 1,440,097

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 30 30
Retained earnings 1,623,997 1,439,972
SHAREHOLDERS' FUNDS 1,624,122 1,440,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Westminster Building Company Limited (Registered number: 02945613)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





J Jones - Director


Westminster Building Company Limited (Registered number: 02945613)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Westminster Building Company 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 net invoiced sales of services, excluding value added tax. Turnover is recognised in the year in which the services are provided.

Turnover includes, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts.

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 equipment - 15% on cost
Office equipment - 15% on cost
Motor vehicles - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 useful estimated 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

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 24 (2023 - 25 ) .

Westminster Building Company Limited (Registered number: 02945613)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 32,188 44,445 478,785 555,418
Additions 9,135 9,389 70,183 88,707
Disposals (6,709 ) (3,951 ) (33,031 ) (43,691 )
At 31 December 2024 34,614 49,883 515,937 600,434
DEPRECIATION
At 1 January 2024 18,708 24,166 213,729 256,603
Charge for year 4,443 6,073 90,785 101,301
Eliminated on disposal (6,143 ) (3,385 ) (33,029 ) (42,557 )
At 31 December 2024 17,008 26,854 271,485 315,347
NET BOOK VALUE
At 31 December 2024 17,606 23,029 244,452 285,087
At 31 December 2023 13,480 20,279 265,056 298,815


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,270,886 740,835
Amounts owed by group undertakings 491,972 387,000
Amounts recoverable on contracts 476,456 614,819
Other debtors 196,032 2,630
Prepayments 93,937 70,682
2,529,283 1,815,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 39,471 54,111
Trade creditors 194,418 682,810
Tax 33,071 -
Social security and other taxes 542,825 637,258
Other creditors 1,325,139 505,160
Directors' current accounts 30,963 59,944
Accrued expenses 146,434 40,433
2,312,321 1,979,716

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 37,639 77,110

Westminster Building Company Limited (Registered number: 02945613)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 39,471 54,111
Between one and five years 37,639 77,110
77,110 131,221

Non-cancellable operating leases
2024 2023
£    £   
Within one year 24,678 33,097
Between one and five years 48,620 63,064
73,298 96,161

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 77,110 131,221