5 4 W F (Evesham) Limited 00959206 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of electrical contracting. Digita Accounts Production Advanced 6.30.9574.0 true 00959206 2023-10-01 2024-09-30 00959206 2024-09-30 00959206 bus:Director1 1 2024-09-30 00959206 bus:OrdinaryShareClass1 2024-09-30 00959206 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 00959206 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 00959206 core:CurrentFinancialInstruments 2024-09-30 00959206 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 00959206 core:Non-currentFinancialInstruments 2024-09-30 00959206 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 00959206 core:FurnitureFittings 2024-09-30 00959206 core:MotorVehicles 2024-09-30 00959206 bus:SmallEntities 2023-10-01 2024-09-30 00959206 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00959206 bus:FilletedAccounts 2023-10-01 2024-09-30 00959206 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00959206 bus:RegisteredOffice 2023-10-01 2024-09-30 00959206 bus:Director1 2023-10-01 2024-09-30 00959206 bus:Director1 1 2023-10-01 2024-09-30 00959206 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 00959206 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00959206 core:FurnitureFittings 2023-10-01 2024-09-30 00959206 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 00959206 core:MotorVehicles 2023-10-01 2024-09-30 00959206 countries:EnglandWales 2023-10-01 2024-09-30 00959206 2023-09-30 00959206 bus:Director1 1 2023-09-30 00959206 core:FurnitureFittings 2023-09-30 00959206 core:MotorVehicles 2023-09-30 00959206 2022-10-01 2023-09-30 00959206 2023-09-30 00959206 bus:Director1 1 2023-09-30 00959206 bus:OrdinaryShareClass1 2023-09-30 00959206 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 00959206 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-30 00959206 core:CurrentFinancialInstruments 2023-09-30 00959206 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 00959206 core:Non-currentFinancialInstruments 2023-09-30 00959206 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 00959206 core:FurnitureFittings 2023-09-30 00959206 core:MotorVehicles 2023-09-30 00959206 bus:Director1 1 2022-10-01 2023-09-30 00959206 bus:Director1 1 2022-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 00959206

W F (Evesham) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

W F (Evesham) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 8

 

W F (Evesham) Limited

(Registration number: 00959206)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,834

30,770

Current assets

 

Stocks

5

26,174

12,072

Debtors

6

93,338

112,126

Cash at bank and in hand

 

333

333

 

119,845

124,531

Creditors: Amounts falling due within one year

7

(76,407)

(84,922)

Net current assets

 

43,438

39,609

Total assets less current liabilities

 

66,272

70,379

Creditors: Amounts falling due after more than one year

7

(36,507)

(48,693)

Net assets

 

29,765

21,686

Capital and reserves

 

Called up share capital

8

40

40

Other reserves

80

80

Retained earnings

29,645

21,566

Shareholders' funds

 

29,765

21,686

For the financial year ending 30 September 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 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 June 2025
 

.........................................
J Davison
Director

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
111-113 High Street
Evesham
Worcestershire
WR11 4XP
England

The principal place of business is:
Unit 5E Dingley Business Park
Honeybourne Road
Honeybourne
Evesham
Worcestershire
WR11 7AD
United Kingdom

These financial statements were authorised for issue by the director on 10 June 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of electrical services provided in the period. Turnover is shown net of 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.

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current 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.

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

Fixtures, fittings and equipment

33.33% straight line

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.

Trade debtors

Trade debtors are amounts due from customers for electrical services provided 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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 the director) during the year, was 5 (2023 - 4).

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

1,028

38,863

39,891

At 30 September 2024

1,028

38,863

39,891

Depreciation

At 1 October 2023

701

8,420

9,121

Charge for the year

163

7,773

7,936

At 30 September 2024

864

16,193

17,057

Carrying amount

At 30 September 2024

164

22,670

22,834

At 30 September 2023

327

30,443

30,770

5

Stocks

2024
£

2023
£

Raw materials and consumables

1,000

1,000

Work in progress

25,174

11,072

26,174

12,072

6

Debtors

Current

2024
£

2023
£

Trade debtors

35,792

60,071

Prepayments

3,650

3,635

Other debtors

53,896

48,420

 

93,338

112,126

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

16,947

22,679

Trade creditors

 

37,364

36,707

Taxation and social security

 

12,678

20,035

Accruals and deferred income

 

9,061

5,144

Other creditors

 

357

357

 

76,407

84,922

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

36,507

48,693

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

40

40

40

40

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

22,319

27,102

Hire purchase contracts

14,188

21,591

36,507

48,693

Current loans and borrowings

 

W F (Evesham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2024
£

2023
£

Bank borrowings

4,782

4,782

Bank overdrafts

4,762

10,494

Hire purchase contracts

7,403

7,403

16,947

22,679

10

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

J Davison

Loan with interest charged at the ruling HMRC rate

34,569

29,696

(29,950)

34,315

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

J Davison

Loan with interest charged at the ruling HMRC rate

34,367

30,352

(30,150)

34,569