REGISTERED NUMBER: 14426684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2024

FOR

WSP PLASTERING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

474,053

310,716

CURRENT ASSETS

Stocks

156,998

55,000

Debtors

5

410,268

328,352

Cash at bank

802,919

750,887

1,370,185

1,134,239

CREDITORS

Amounts falling due within one year

6

864,373

888,747

NET CURRENT ASSETS

505,812

245,492

TOTAL ASSETS LESS CURRENT LIABILITIES

979,865

556,208

CREDITORS

Amounts falling due after more than one year

7

(135,662

)

(180,163

)

PROVISIONS FOR LIABILITIES

(118,513

)

(77,679

)

NET ASSETS

725,690

298,366

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

725,588

298,264

725,690

298,366

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

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

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 1st September 2025 and were signed on its behalf by:

Mr A M Wiles - Director

Mr J M Stanford - Director

1.	STATUTORY INFORMATION

WSP Plastering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14426684

Registered office:

Hollycroft Bungalow

High Road

Wisbech St Mary

Wisbech

Cambridgeshire

PE13 4RA

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 etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2023

391,495

Additions

341,471

Disposals

(75,003

)

At 31st October 2024

657,963

DEPRECIATION

At 1st November 2023

80,779

Charge for year

118,591

Eliminated on disposal

(15,460

)

At 31st October 2024

183,910

NET BOOK VALUE

At 31st October 2024

474,053

At 31st October 2023

310,716

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

344,027

262,793

Other debtors

66,241

65,559

410,268

328,352

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

80,440

69,570

Trade creditors

484,469

472,916

Taxation and social security

232,050

131,567

Other creditors

67,414

214,694

864,373

888,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

135,662

180,163

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

216,102

249,733