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REGISTERED NUMBER: 11535624 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

R W WARD PREMIER SEALANTS LIMITED

R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

R W WARD PREMIER SEALANTS LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mr T Manning
Mrs S A Manning





REGISTERED OFFICE: Unit 4B, GP Centre
Forest Gate Business Park
Yeoman Road
Ringwood
Hampshire
BH24 3FF





REGISTERED NUMBER: 11535624 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Bridge House
Unit 6 Pullman Business Park
Pullman Way
Ringwood
Hampshire
BH24 1EX

R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 49,628 62,035
Tangible assets 5 46,333 63,280
95,961 125,315

CURRENT ASSETS
Stocks 15,000 14,000
Debtors 6 107,708 111,070
Cash at bank 18,068 65,865
140,776 190,935
CREDITORS
Amounts falling due within one year 7 57,356 90,883
NET CURRENT ASSETS 83,420 100,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,381

225,367

CREDITORS
Amounts falling due after more than one
year

8

(7,589

)

(15,792

)

PROVISIONS FOR LIABILITIES (9,650 ) (13,963 )
NET ASSETS 162,142 195,612

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 161,942 195,412
162,142 195,612

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

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

R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)

BALANCE SHEET - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr T Manning - Director


R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

R W Ward Premier Sealants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of mastic sealant services.

Revenue is recongnised once the services that have been provided have been approved or agreed by the client at which time the significant risks and rewards of ownership of the work undertaken have transferred to the client.

Profit is recognised on long term contracts when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependant on the stage of completion of the contract at the balance sheet date.

Goodwill
Goodwill is being amortised evenly over it's estimated useful life of 10 years.

The asset's residual value, useful life and amortisation method is reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 33% on cost, 25% on reducing balance and 20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks
The company holds stocks of materials and consumables associated with its trade. These items are used on a first in first out basis and as they are not subject to technical obsolescence they are valued at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents
These comprise cash at bank and other short term highly liquid deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 124,071
AMORTISATION
At 1 September 2023 62,036
Charge for year 12,407
At 31 August 2024 74,443
NET BOOK VALUE
At 31 August 2024 49,628
At 31 August 2023 62,035

R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 122,007
Additions 3,131
At 31 August 2024 125,138
DEPRECIATION
At 1 September 2023 58,727
Charge for year 20,078
At 31 August 2024 78,805
NET BOOK VALUE
At 31 August 2024 46,333
At 31 August 2023 63,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 79,225 51,586
Amounts recoverable on contract 10,000 36,000
Other debtors 18,483 23,484
107,708 111,070

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 9) 8,203 10,896
Trade creditors 14,596 23,093
Taxation and social security 23,452 46,152
Other creditors 11,105 10,742
57,356 90,883

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 9) 7,589 15,792

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 8,203 10,896
Between one and five years 7,589 15,792
15,792 26,688

R W WARD PREMIER SEALANTS LIMITED (REGISTERED NUMBER: 11535624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2024 and the year ended 31 August 2023:
31.8.2431.8.23
£ £
DIRECTOR
Balance outstanding at the start of year --
Amounts advanced42,442136,809
Amounts repaid(42,442)(136,809)
Balance outstanding at the end of year--
The loans are repayable on demand and subject to interest at commercial rates.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R W WARD PREMIER SEALANTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R W Ward Premier Sealants Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R W Ward Premier Sealants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R W Ward Premier Sealants Limited and state those matters that we have agreed to state to the Board of Directors of R W Ward Premier Sealants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R W Ward Premier Sealants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R W Ward Premier Sealants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R W Ward Premier Sealants Limited. You consider that R W Ward Premier Sealants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R W Ward Premier Sealants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Bridge House
Unit 6 Pullman Business Park
Pullman Way
Ringwood
Hampshire
BH24 1EX


23 April 2025