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REGISTERED NUMBER: 12006708 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WEBB HOMES & CONSTRUCTION LIMITED

WEBB HOMES & CONSTRUCTION LIMITED (REGISTERED NUMBER: 12006708)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEBB HOMES & CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr J R Webb
Mrs T W Webb





SECRETARY:





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 12006708 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

WEBB HOMES & CONSTRUCTION LIMITED (REGISTERED NUMBER: 12006708)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 951,004 864,557

CURRENT ASSETS
Stocks 97,142 310,480
Debtors 5 6,878 7,398
Cash at bank and in hand 11,881 2,420
115,901 320,298
CREDITORS
Amounts falling due within one year 6 242,451 359,914
NET CURRENT LIABILITIES (126,550 ) (39,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,454

824,941

CREDITORS
Amounts falling due after more than one
year

7

(499,735

)

(589,870

)

PROVISIONS FOR LIABILITIES (24,611 ) (2,678 )
NET ASSETS 300,108 232,393

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 300,106 232,391
SHAREHOLDERS' FUNDS 300,108 232,393

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:




Mr J R Webb - Director


WEBB HOMES & CONSTRUCTION LIMITED (REGISTERED NUMBER: 12006708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Webb Homes & Construction 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

WEBB HOMES & CONSTRUCTION LIMITED (REGISTERED NUMBER: 12006708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 817,658 - 63,013
Additions - 35,758 -
At 31 May 2024 817,658 35,758 63,013
DEPRECIATION
At 1 June 2023 - - 16,507
Charge for year - 1,421 9,301
At 31 May 2024 - 1,421 25,808
NET BOOK VALUE
At 31 May 2024 817,658 34,337 37,205
At 31 May 2023 817,658 - 46,506

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 - 499 881,170
Additions 67,730 - 103,488
At 31 May 2024 67,730 499 984,658
DEPRECIATION
At 1 June 2023 - 106 16,613
Charge for year 6,240 79 17,041
At 31 May 2024 6,240 185 33,654
NET BOOK VALUE
At 31 May 2024 61,490 314 951,004
At 31 May 2023 - 393 864,557

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 67,730
At 31 May 2024 67,730
DEPRECIATION
Charge for year 6,240
At 31 May 2024 6,240
NET BOOK VALUE
At 31 May 2024 61,490

WEBB HOMES & CONSTRUCTION LIMITED (REGISTERED NUMBER: 12006708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,878 7,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,951 39,863
Hire purchase contracts 15,106 -
Trade creditors 7,337 2
Taxation and social security 9,985 19,140
Other creditors 170,072 300,909
242,451 359,914

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 427,115 467,005
Hire purchase contracts 72,620 -
Other creditors - 122,865
499,735 589,870

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 266,397 306,652
Other loans more 5yrs instal - 102,705
266,397 409,357