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REGISTERED NUMBER: 04421420 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WILLSTONE CONSTRUCTION & SONS CO LTD

WILLSTONE CONSTRUCTION & SONS CO LTD (REGISTERED NUMBER: 04421420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLSTONE CONSTRUCTION & SONS CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: D M Wills





REGISTERED OFFICE: Clowance Wood Meadow
Clowance Wood
Praze
Cornwall
TR14 0NW





REGISTERED NUMBER: 04421420 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

WILLSTONE CONSTRUCTION & SONS CO LTD (REGISTERED NUMBER: 04421420)

BALANCE SHEET
31 JANUARY 2025

31/1/25 31/1/24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,025 22,480

CURRENT ASSETS
Stocks 350,898 205,023
Debtors 5 83,992 72,263
Cash at bank and in hand 71,014 114,896
505,904 392,182
CREDITORS
Amounts falling due within one year 6 330,377 147,647
NET CURRENT ASSETS 175,527 244,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,552

267,015

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 192,550 267,013
192,552 267,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 July 2025 and were signed by:





D M Wills - Director


WILLSTONE CONSTRUCTION & SONS CO LTD (REGISTERED NUMBER: 04421420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Willstone Construction & Sons Co 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. 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

WILLSTONE CONSTRUCTION & SONS CO LTD (REGISTERED NUMBER: 04421420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

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 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 149,441 1,275 19,195 1,606 171,517
Additions - - - 556 556
Disposals (1,640 ) - - - (1,640 )
At 31 January 2025 147,801 1,275 19,195 2,162 170,433
DEPRECIATION
At 1 February 2024 127,121 1,119 19,195 1,602 149,037
Charge for year 5,512 39 - 188 5,739
Eliminated on disposal (1,368 ) - - - (1,368 )
At 31 January 2025 131,265 1,158 19,195 1,790 153,408
NET BOOK VALUE
At 31 January 2025 16,536 117 - 372 17,025
At 31 January 2024 22,320 156 - 4 22,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 10,088 804
Amounts recoverable on contract 66,092 63,040
Prepayments 7,812 8,419
83,992 72,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade creditors 16,569 9,241
Tax - (144 )
Social security and other taxes 2,675 4,827
VAT 342 10,193
Other creditors 41,613 9,768
Directors' current accounts 265,208 109,982
Accrued expenses 3,970 3,780
330,377 147,647

WILLSTONE CONSTRUCTION & SONS CO LTD (REGISTERED NUMBER: 04421420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CONTINGENT LIABILITIES

The company has entered into litigation with the owner of a property on a site previously developed by the company. The litigation relates to a dispute over planning permission. The outcome is uncertain but the company believes it is committed to approximately £30,000 of additional solicitor's fees.

8. RELATED PARTY DISCLOSURES

The company carries out construction work for the directors. When complete, the company invoices the directors for the work at a commercial rate. During the year ended 31 January 2025 a development is ongoing and the value of materials and labour in debtors at the balance sheet date is £66,092 (2024: £63,040).


9. FIXED CHARGES

On 21 April 2008 Capital Home Loans Limited registered a charge at Companies House. The charge contains a fixed charge over the property 88 North Roskear Road, which was sold during the year ended 31 January 2020, and a floating charge over the undertakings and all property assets and rights of the company.