Wilsons Development & Construction Ltd 08983610 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is building construction and maintenance Digita Accounts Production Advanced 6.30.9574.0 true true 08983610 2024-04-01 2025-03-31 08983610 2025-03-31 08983610 bus:OrdinaryShareClass1 2025-03-31 08983610 bus:OrdinaryShareClass2 2025-03-31 08983610 bus:OrdinaryShareClass3 2025-03-31 08983610 core:CurrentFinancialInstruments 2025-03-31 08983610 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08983610 core:Non-currentFinancialInstruments 2025-03-31 08983610 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 08983610 core:FurnitureFittingsToolsEquipment 2025-03-31 08983610 core:LandBuildings 2025-03-31 08983610 core:MotorVehicles 2025-03-31 08983610 core:OtherPropertyPlantEquipment 2025-03-31 08983610 bus:SmallEntities 2024-04-01 2025-03-31 08983610 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08983610 bus:FilletedAccounts 2024-04-01 2025-03-31 08983610 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08983610 bus:RegisteredOffice 2024-04-01 2025-03-31 08983610 bus:Director3 2024-04-01 2025-03-31 08983610 bus:Director4 2024-04-01 2025-03-31 08983610 bus:HighestPaidDirector 2024-04-01 2025-03-31 08983610 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 08983610 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 08983610 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 08983610 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08983610 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 08983610 core:LandBuildings 2024-04-01 2025-03-31 08983610 core:MotorVehicles 2024-04-01 2025-03-31 08983610 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 08983610 core:PlantMachinery 2024-04-01 2025-03-31 08983610 countries:AllCountries 2024-04-01 2025-03-31 08983610 2024-03-31 08983610 core:FurnitureFittingsToolsEquipment 2024-03-31 08983610 core:LandBuildings 2024-03-31 08983610 core:MotorVehicles 2024-03-31 08983610 core:OtherPropertyPlantEquipment 2024-03-31 08983610 2023-04-01 2024-03-31 08983610 2024-03-31 08983610 bus:OrdinaryShareClass1 2024-03-31 08983610 bus:OrdinaryShareClass2 2024-03-31 08983610 bus:OrdinaryShareClass3 2024-03-31 08983610 core:CurrentFinancialInstruments 2024-03-31 08983610 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08983610 core:Non-currentFinancialInstruments 2024-03-31 08983610 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08983610 core:FurnitureFittingsToolsEquipment 2024-03-31 08983610 core:LandBuildings 2024-03-31 08983610 core:MotorVehicles 2024-03-31 08983610 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08983610

Wilsons Development & Construction Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Wilsons Development & Construction Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Wilsons Development & Construction Ltd

Company Information

Directors

Mr Steven Richard Crotty

Mr Steven Andrew Crotty

Mrs Shirley Crotty

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

G W Kelly & Company
Chartered Certified Accountants
3 Stadium Court
Plantation Road
Bromborough
Merseyside
CH62 3QG

 

Wilsons Development & Construction Ltd

(Registration number: 08983610)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

525,258

539,056

Investment property

5

287,860

-

 

813,118

539,056

Current assets

 

Debtors

6

5,973

7,571

Cash at bank and in hand

 

781,452

889,590

 

787,425

897,161

Creditors: Amounts falling due within one year

7

(340,027)

(428,444)

Net current assets

 

447,398

468,717

Total assets less current liabilities

 

1,260,516

1,007,773

Creditors: Amounts falling due after more than one year

7

(41,792)

(56,481)

Provisions for liabilities

(11,370)

(26,821)

Net assets

 

1,207,354

924,471

Capital and reserves

 

Called up share capital

8

54

54

Capital redemption reserve

50

50

Retained earnings

1,207,250

924,367

Shareholders' funds

 

1,207,354

924,471

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Wilsons Development & Construction Ltd

(Registration number: 08983610)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 16 May 2025 and signed on its behalf by:
 

.........................................
Mr Steven Richard Crotty
Director

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

The principal place of business is:
Jameson House
35-39 Old Bidston Road
Birkenhead
Merseyside
CH41 - 8EL

These financial statements were authorised for issue by the Board on 16 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor Vehicles

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 16).

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

464,677

1,900

160,531

8,315

635,423

Additions

-

-

6,362

-

6,362

At 31 March 2025

464,677

1,900

166,893

8,315

641,785

Depreciation

At 1 April 2024

-

1,402

89,531

5,434

96,367

Charge for the year

-

100

19,340

720

20,160

At 31 March 2025

-

1,502

108,871

6,154

116,527

Carrying amount

At 31 March 2025

464,677

398

58,022

2,161

525,258

At 31 March 2024

464,677

498

71,000

2,881

539,056

Included within the net book value of land and buildings above is £464,677 (2024 - £464,677) in respect of freehold land and buildings.
 

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Investment properties

2025
£

Additions

287,860

At 31 March

287,860

Investment property was valued on an open market basis by the directors of the company.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2025
£

2024
£

Trade debtors

5,973

5,571

Other debtors

-

2,000

 

5,973

7,571

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

20,149

20,149

Trade creditors

 

21,755

133,855

Social security and other taxes

 

42,228

74,553

Other payables

 

165,185

121,170

Income tax liability

90,710

78,717

 

340,027

428,444

Due after one year

 

Loans and borrowings

41,792

56,481

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £20,149 (2023 - £20,149)

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

2025
£

2024
£

Bank borrowings

13,009

13,009

HP and finance lease liabilities

7,140

7,140

20,149

20,149

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

41,792

56,481

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £41,792 (2024 - £56,481)

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

35,749

44,326

HP and finance lease liabilities

6,043

12,155

41,792

56,481

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

50

50

50

50

Ordinary B shares of £1 each

2

2

2

2

Ordinary C shares of £1 each

2

2

2

2

54

54

54

54

9

Related party transactions

 

Wilsons Development & Construction Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

35,547

35,930

Contributions paid to money purchase schemes

72,048

67,670

107,595

103,600