Company registration number 04178712 (England and Wales)
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
financial statements
For the period ended 31 March 2025
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 10
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Statement of financial position
As at 31 March 2025
31 March 2025
- 1 -
31 March 2025
31 January 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
110,094
-
0
Tangible assets
5
181,900
-
0
291,994
-
0
Current assets
Stocks
40,083
-
Debtors
6
230,306
1
Cash at bank and in hand
49,982
-
0
320,371
1
Creditors: amounts falling due within one year
7
(173,955)
-
Net current assets
146,416
1
Total assets less current liabilities
438,410
1
Creditors: amounts falling due after more than one year
8
(898,899)
-
Provisions for liabilities
(28,053)
-
0
Net (liabilities)/assets
(488,542)
1
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(488,543)
-
0
Total equity
(488,542)
1

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 August 2025 and are signed on its behalf by:
Mr N  Johnson
Director
Company registration number 04178712 (England and Wales)
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Statement of changes in equity
For the period ended 31 March 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 February 2023
1
-
0
1
Year ended 31 January 2024:
Profit and total comprehensive income
-
-
0
-
0
Balance at 31 January 2024
1
-
0
1
Period ended 31 March 2025:
Loss and total comprehensive income
-
(488,543)
(488,543)
Balance at 31 March 2025
1
(488,543)
(488,542)
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements
For the period ended 31 March 2025
- 3 -
1
Accounting policies
Company information

WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited) is a private company limited by shares incorporated in England and Wales. The registered office is Brook Farm, Drayton Road, Newton Longville, Milton Keynes, Buckinghamshire, MK17 0BH.

 

The principal place of business is Unit 1 and 2, The Blvd, Herne Bay, CT6 6GZ.

 

Basis of preparation

The financial statements are prepared on a going concern basis, under the historical cost convention.

The preparation of financial statements in conformity with FRS102 requires the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies.

1.1
Reporting period

The financial statements presented are for a period of 14 months rather than 12 months in order to align the period end more appropriately with internal business processes and external customers fiscal years. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable as a result.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group entities where the relationship is one of being wholly owned.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% on cost
Fixtures and fittings
20% on cost
Computers
33.33% on cost
Motor vehicles
6.67% to 33.33% on cost
Rental assets
10% on cost

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.

WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use.

 

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank.

1.10
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, bank balances and loans to fellow group companies are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is only recognised as an accrual at the end of each statutory financial period.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 7 -
1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

Critical judgements

In the directors' opinion there are no critical judgements that they have made in applying the company's accounting policies and that have had a significant effect on the amounts recognised in the financial statements.

 

Key sources of estimation uncertainty

The directors do not consider there to be any key estimates or assumptions used in preparing the financial statements.

3
Employees

The average monthly number of persons employed by the company during the period was:

2025
2024
Number
Number
Total
9
0
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
- 8 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024
-
0
Additions
115,888
At 31 March 2025
115,888
Amortisation and impairment
At 1 February 2024
-
0
Amortisation charged for the period
5,794
At 31 March 2025
5,794
Carrying amount
At 31 March 2025
110,094
At 31 January 2024
-
0
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
- 9 -
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Rental assets
Total
£
£
£
£
£
£
Cost
At 1 February 2024
-
0
-
0
-
0
-
0
-
0
-
0
Additions
33,423
5,000
20,000
97,030
48,125
203,578
At 31 March 2025
33,423
5,000
20,000
97,030
48,125
203,578
Depreciation and impairment
At 1 February 2024
-
0
-
0
-
0
-
0
-
0
-
0
Depreciation charged in the period
3,244
528
3,519
9,307
5,080
21,678
At 31 March 2025
3,244
528
3,519
9,307
5,080
21,678
Carrying amount
At 31 March 2025
30,179
4,472
16,481
87,723
43,045
181,900
At 31 January 2024
-
0
-
0
-
0
-
0
-
0
-
0
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
75,231
-
0
Amounts owed by group undertakings
24,826
1
Other debtors
45,621
-
0
Prepayments and accrued income
84,628
-
0
230,306
1
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
59,780
-
0
Amounts owed to group undertakings
32,975
-
0
Taxation and social security
19,414
-
0
Other creditors
28,782
-
0
Accruals and deferred income
33,004
-
0
173,955
-
0
WJ Sunstone Limited (formerly known as Centreline Highway Maintenance Limited)
Notes to the financial statements (continued)
For the period ended 31 March 2025
- 10 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings
898,899
-
0

Amounts owed to group undertakings due after more than one year are due between 1 and 2 years. The amounts are unsecured and interest free.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Gary Chadwick FCCA
Statutory Auditor:
DJH Audit Limited
Date of audit report:
7 August 2025
10
Parent company

The immediate parent company is WJ (Group) Limited which owns 100% of the ordinary share capital. WJ (Group) Limited is incorporated in England and the registered office is Unit 7 Brock Way, Newcastle under Lyme, Staffordshire, ST5 6AZ.

 

The ultimate controlling party is the THI Holdings GmbH. a company registered in Germany. THI Holdings GmbH is controlled by the Hagenmeyer family.

 

The smallest group into which the entity is consolidated is WJ Group Holdings Limited. WJ Group Holdings Limited is incorporated in England. Copies of the group financial statements of WJ Group Holdings Limited are available from Unit 7 Brock Way, Newcastle under Lyme, Staffordshire, United Kingdom, ST5 6AZ.

 

The largest group into which the entity is consolidated is THI Holdings GmbH, a company registered in Germany. Copies of the group financial statements of THI Holdings GmbH are available from THI Investments, Eberhardstraße 65, 70173 Stuttgart, Germany.

 

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