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Company No: 09051686 (England and Wales)

WEST COAST GROUNDWORKS & R C FRAMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

WEST COAST GROUNDWORKS & R C FRAMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

WEST COAST GROUNDWORKS & R C FRAMES LIMITED

BALANCE SHEET

As at 31 October 2024
WEST COAST GROUNDWORKS & R C FRAMES LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,259 431
11,259 431
Current assets
Debtors 4 5,130 5,396
Cash at bank and in hand 18,614 34,858
23,744 40,254
Creditors: amounts falling due within one year 5 ( 20,629) ( 23,536)
Net current assets 3,115 16,718
Total assets less current liabilities 14,374 17,149
Creditors: amounts falling due after more than one year 6 ( 9,077) ( 16,514)
Provision for liabilities ( 1,343) 0
Net assets 3,954 635
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 3,854 535
Total shareholders' funds 3,954 635

For the financial year ending 31 October 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 West Coast Groundworks & R C Frames Limited (registered number: 09051686) were approved and authorised for issue by the Director on 25 May 2025. They were signed on its behalf by:

M L Kelly
Director
WEST COAST GROUNDWORKS & R C FRAMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
WEST COAST GROUNDWORKS & R C FRAMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

West Coast Groundworks & R C Frames Limited (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 , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of West Coast Groundworks & R C Frames Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of discounts and VAT.

Revenue arises from the provision of construction services.
Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

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 or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 2,422 2,422
Additions 12,500 12,500
At 31 October 2024 14,922 14,922
Accumulated depreciation
At 01 November 2023 1,991 1,991
Charge for the financial year 1,672 1,672
At 31 October 2024 3,663 3,663
Net book value
At 31 October 2024 11,259 11,259
At 31 October 2023 431 431

4. Debtors

2024 2023
£ £
Deferred tax asset 0 766
Other debtors 5,130 4,630
5,130 5,396

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,354 10,098
Taxation and social security 4,276 9,369
Obligations under finance leases and hire purchase contracts 5,000 0
Other creditors 999 4,069
20,629 23,536

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

2024 2023
£ £
Bank loans 6,160 16,514
Obligations under finance leases and hire purchase contracts 2,917 0
9,077 16,514

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
70 Ordinary shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 70 100
30 B Ordinary shares of £ 1.00 each (2023: nil shares) 30 0
100 100

During the year 30 Ordinary shares were reclassified as B Ordinary shares.