REGISTERED NUMBER: 05313698 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALSH CONSTRUCTION HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Bird

P G Crosby

SECRETARY:

J Bird

REGISTERED OFFICE:

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

BUSINESS ADDRESS:

The Byre

Woodbury Lane

Norton

Worcester

Worcestershire

WR5 2PT

REGISTERED NUMBER:

05313698 (England and Wales)

ACCOUNTANTS:

Crombies Accountants Limited

Chartered Accountants

34 Waterloo Road

Wolverhampton

West Midlands

WV1 4DG

FIXED ASSETS

Tangible assets

4

888,416

973,521

CURRENT ASSETS

Debtors

5

536,000

146,940

Investments

6

12,002

12,002

Cash at bank

170,530

536,693

718,532

695,635

CREDITORS

Amounts falling due within one year

7

271,362

213,699

NET CURRENT ASSETS

447,170

481,936

TOTAL ASSETS LESS CURRENT LIABILITIES

1,335,586

1,455,457

CREDITORS

Amounts falling due after more than one year

8

(418,169

)

(608,847

)

PROVISIONS FOR LIABILITIES

(186,902

)

(192,201

)

NET ASSETS

730,515

654,409

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

730,415

654,309

SHAREHOLDERS' FUNDS

730,515

654,409

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:

J Bird - Director

1.	STATUTORY INFORMATION

Walsh Construction Holdings Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about Walsh Construction Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,293,543

Additions

121,513

Disposals

(94,819

)

At 31 December 2024

1,320,237

DEPRECIATION

At 1 January 2024

320,022

Charge for year

146,870

Eliminated on disposal

(35,071

)

At 31 December 2024

431,821

NET BOOK VALUE

At 31 December 2024

888,416

At 31 December 2023

973,521

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

468,850

Additions

47,751

Disposals

(41,650

)

Transfer to ownership

(43,948

)

At 31 December 2024

431,003

DEPRECIATION

At 1 January 2024

106,865

Charge for year

55,530

Eliminated on disposal

(18,048

)

Transfer to ownership

(31,496

)

At 31 December 2024

112,851

NET BOOK VALUE

At 31 December 2024

318,152

At 31 December 2023

361,985

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

-

146,940

Amounts falling due after more than one year:

Other debtors

536,000

-

Aggregate amounts

536,000

146,940

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Shares in group undertakings

12,002

12,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

174,792

187,624

Trade creditors

1

(1

)

Amounts owed to group undertakings

52,671

9,659

Taxation and social security

43,898

16,417

271,362

213,699

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

418,169

608,847