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Company No: 06259598 (England and Wales)

WINTERS BUILDING COMPANY LTD

Unaudited Financial Statements
For the financial year ended 30 May 2024
Pages for filing with the registrar

WINTERS BUILDING COMPANY LTD

Unaudited Financial Statements

For the financial year ended 30 May 2024

Contents

WINTERS BUILDING COMPANY LTD

BALANCE SHEET

As at 30 May 2024
WINTERS BUILDING COMPANY LTD

BALANCE SHEET (continued)

As at 30 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 2,661 3,434
2,661 3,434
Current assets
Debtors 5 153,864 71,368
Cash at bank and in hand 477 20,467
154,341 91,835
Creditors: amounts falling due within one year 6 ( 135,034) ( 73,141)
Net current assets 19,307 18,694
Total assets less current liabilities 21,968 22,128
Creditors: amounts falling due after more than one year 7 ( 20,752) ( 20,752)
Provision for liabilities ( 506) ( 653)
Net assets 710 723
Capital and reserves
Called-up share capital 100 100
Profit and loss account 610 623
Total shareholder's funds 710 723

For the financial year ending 30 May 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 financial statements of Winters Building Company Ltd (registered number: 06259598) were approved and authorised for issue by the Director on 13 May 2025. They were signed on its behalf by:

M J Winters
Director
WINTERS BUILDING COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 May 2024
WINTERS BUILDING COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Winters Building Company Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Providence Cottage, The Railway Cottage, Bradpole, Bridport, Dorset, DT6 4AR.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arising on the acquisition of subsidiary undertakings and business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which is 10 years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Goodwill Total
£ £
Cost
At 31 May 2023 25,000 25,000
At 30 May 2024 25,000 25,000
Accumulated amortisation
At 31 May 2023 25,000 25,000
At 30 May 2024 25,000 25,000
Net book value
At 30 May 2024 0 0
At 30 May 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 31 May 2023 38,646 7,900 420 4,005 50,971
Additions 99 0 0 0 99
At 30 May 2024 38,745 7,900 420 4,005 51,070
Accumulated depreciation
At 31 May 2023 35,939 7,669 361 3,568 47,537
Charge for the financial year 555 58 9 250 872
At 30 May 2024 36,494 7,727 370 3,818 48,409
Net book value
At 30 May 2024 2,251 173 50 187 2,661
At 30 May 2023 2,707 231 59 437 3,434

5. Debtors

2024 2023
£ £
Other debtors 153,864 71,368

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 35,145 9,994
Trade creditors 0 4,707
Taxation and social security 97,989 55,923
Other creditors 1,900 2,517
135,034 73,141

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 20,752 20,752

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Advanced to director 107,223 45,543

Interest was charged on the overdrawn loan account at the HMRC official rate of 2.25%