0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09779864 2024-03-01 2025-02-28 09779864 2025-02-28 09779864 2024-02-29 09779864 2023-03-01 2024-02-29 09779864 2024-02-29 09779864 2023-02-28 09779864 core:PlantMachinery 2024-03-01 2025-02-28 09779864 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 09779864 bus:Director1 2024-03-01 2025-02-28 09779864 bus:Director2 2024-03-01 2025-02-28 09779864 bus:Director3 2024-03-01 2025-02-28 09779864 core:WithinOneYear 2025-02-28 09779864 core:WithinOneYear 2024-02-29 09779864 core:ShareCapital 2025-02-28 09779864 core:ShareCapital 2024-02-29 09779864 core:RetainedEarningsAccumulatedLosses 2025-02-28 09779864 core:RetainedEarningsAccumulatedLosses 2024-02-29 09779864 bus:SmallEntities 2024-03-01 2025-02-28 09779864 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 09779864 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09779864 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09779864 bus:AbridgedAccounts 2024-03-01 2025-02-28
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of WSB Blasting (Holdings) Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 09779864
WSB BLASTING (HOLDINGS) LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2025
WSB BLASTING (HOLDINGS) LIMITED
REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF WSB BLASTING (HOLDINGS) LIMITED
YEAR ENDED 28 FEBRUARY 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of WSB Blasting (Holdings) Limited for the year ended 28 February 2025, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
22 April 2025
WSB BLASTING (HOLDINGS) LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
28 February 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
4
225,021
228,243
Current assets
Debtors
81,976
79,048
Investments
5
200
200
Cash at bank and in hand
17,730
32,499
------------
------------
99,906
111,747
Creditors: amounts falling due within one year
42,928
78,205
------------
------------
Net current assets
56,978
33,542
------------
------------
Total assets less current liabilities
281,999
261,785
------------
------------
Net assets
281,999
261,785
------------
------------
Capital and reserves
Called up share capital
200
200
Profit and loss account
281,799
261,585
------------
------------
Shareholders funds
281,999
261,785
------------
------------
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
WSB BLASTING (HOLDINGS) LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
28 February 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
B P F Green
J A Green
Director
Director
J A Green
Director
Company registration number: 09779864
WSB BLASTING (HOLDINGS) LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2025
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
Plant and machinery
-
5% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible Assets
£
Cost
At 1 March 2024 and 28 February 2025
251,467
------------
Depreciation
At 1 March 2024
23,224
Charge for the year
3,222
------------
At 28 February 2025
26,446
------------
Carrying amount
At 28 February 2025
225,021
------------
At 29 February 2024
228,243
------------
5. Investments
2025
2024
£
£
Investments in group undertakings
200
200
------------
------------
6. Related Party Transactions
The company was under the control of J A Green throughout the current period by way of his directorship and shareholding. At 28 February 2025 amounts owed by WSB Blasting Limited were £81,976 (2024: £79,048).