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REGISTERED NUMBER: 12149013 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2024

for

WAKES CONTRACTORS LTD

WAKES CONTRACTORS LTD (REGISTERED NUMBER: 12149013)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAKES CONTRACTORS LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: G D Wakeman
A D Wakeman





SECRETARY: K R Wakeman





REGISTERED OFFICE: Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW





REGISTERED NUMBER: 12149013 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

WAKES CONTRACTORS LTD (REGISTERED NUMBER: 12149013)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 151,546 108,973

CURRENT ASSETS
Stocks 296,139 82,754
Debtors 6 180,793 276,605
Cash at bank and in hand 550,313 144,596
1,027,245 503,955
CREDITORS
Amounts falling due within one year 7 1,044,164 441,873
NET CURRENT (LIABILITIES)/ASSETS (16,919 ) 62,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,627

171,055

CREDITORS
Amounts falling due after more than one
year

8

(39,577

)

(24,020

)

PROVISIONS FOR LIABILITIES (20,807 ) (15,626 )
NET ASSETS 74,243 131,409

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,143 131,309
74,243 131,409

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

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

WAKES CONTRACTORS LTD (REGISTERED NUMBER: 12149013)

Balance Sheet - continued
31 OCTOBER 2024


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 6 June 2025 and were signed on its behalf by:





G D Wakeman - Director


WAKES CONTRACTORS LTD (REGISTERED NUMBER: 12149013)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Wakes Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance


WAKES CONTRACTORS LTD (REGISTERED NUMBER: 12149013)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 107,715 62,953 5,637 176,305
Additions 62,981 33,501 1,034 97,516
Disposals (4,486 ) - - (4,486 )
At 31 October 2024 166,210 96,454 6,671 269,335
DEPRECIATION
At 1 November 2023 45,260 19,025 3,047 67,332
Charge for year 30,692 19,357 2,223 52,272
Eliminated on disposal (1,815 ) - - (1,815 )
At 31 October 2024 74,137 38,382 5,270 117,789
NET BOOK VALUE
At 31 October 2024 92,073 58,072 1,401 151,546
At 31 October 2023 62,455 43,928 2,590 108,973

WAKES CONTRACTORS LTD (REGISTERED NUMBER: 12149013)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,794 38,597
Amounts owed by group undertakings 28,384 728
Other debtors 124,615 237,280
180,793 276,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 50,813 21,921
Trade creditors 415,701 301,141
Amounts owed to group undertakings 3,266 32,666
Taxation and social security 8,429 29,914
Other creditors 565,955 56,231
1,044,164 441,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 39,577 24,020

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A D Wakeman
Balance outstanding at start of year - -
Amounts advanced 83,565 107,455
Amounts repaid (83,565 ) (107,455 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

G D Wakeman
Balance outstanding at start of year - -
Amounts advanced 27,652 107,455
Amounts repaid (27,652 ) (107,455 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -