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Registered number: 09727271
Werneth Construction Limited
Financial Statements
For The Year Ended 31 August 2024
Longmire Consultants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09727271
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,000 30,000
Tangible Assets 5 792,600 444,174
822,600 474,174
CURRENT ASSETS
Debtors 6 - 29,374
Cash at bank and in hand 25,339 2,204
25,339 31,578
Creditors: Amounts Falling Due Within One Year 7 (47,127 ) (44,206 )
NET CURRENT ASSETS (LIABILITIES) (21,788 ) (12,628 )
TOTAL ASSETS LESS CURRENT LIABILITIES 800,812 461,546
Creditors: Amounts Falling Due After More Than One Year 8 (820,422 ) (483,076 )
NET LIABILITIES (19,610 ) (21,530 )
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account (19,614 ) (21,534 )
SHAREHOLDERS' FUNDS (19,610) (21,530)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Taylor
Director
23/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Werneth Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09727271 . The registered office is 6 Quarry Rise, Romiley, Stockport, SK6 4DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
Plant & Machinery 3 Year Straight line
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 6)
3 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 30,000
As at 31 August 2024 30,000
Net Book Value
As at 31 August 2024 30,000
As at 1 September 2023 30,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 444,174 11,500 455,674
Additions 348,426 - 348,426
As at 31 August 2024 792,600 11,500 804,100
Depreciation
As at 1 September 2023 - 11,500 11,500
As at 31 August 2024 - 11,500 11,500
Net Book Value
As at 31 August 2024 792,600 - 792,600
As at 1 September 2023 444,174 - 444,174
6. Debtors
2024 2023
£ £
Due within one year
Accrued Interest Income - 29,374
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Goodwill 30,000 30,000
Loan Interest 16,527 13,606
Accruals and deferred income 600 600
47,127 44,206
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,072 38,076
MRS A WALMSLEY 100,000 160,000
MS L WALMSLEY 90,000 100,000
MRS K SMITH 20,000 15,000
MR L SMITH 20,000 20,000
Andrew Taylor 255,000 20,000
TMCS 70,000 70,000
Zack Taylor 60,000 20,000
Adam Taylor 20,000 20,000
N Taylor 20,000 20,000
J Sturman 110,000 -
Ms C Smith 22,350 -
820,422 483,076
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5