REGISTERED NUMBER: 04360802 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Waddington Buildings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

J A Waddington

A F Waddington

SECRETARY:

REGISTERED OFFICE:

Station Road

Brompton On Swale

Richmond

North Yorkshire

DL10 7SH

REGISTERED NUMBER:

04360802 (England and Wales)

ACCOUNTANTS:

Marie Larby Accountancy

Unit 6A Station Road

Brompton on Swale

Richmond

North Yorkshire

DL10 7SN

FIXED ASSETS

Tangible assets

4

115,159

105,485

CURRENT ASSETS

Stocks

263,290

224,811

Debtors

5

96,105

60,099

Cash at bank

3,722

36,395

363,117

321,305

CREDITORS

Amounts falling due within one year

6

257,077

158,670

NET CURRENT ASSETS

106,040

162,635

TOTAL ASSETS LESS CURRENT LIABILITIES

221,199

268,120

CREDITORS

Amounts falling due after more than one year

7

79,754

88,144

NET ASSETS

141,445

179,976

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

140,445

178,976

141,445

179,976

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by:

A F Waddington - Director

1.	STATUTORY INFORMATION

Waddington Buildings 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.

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

-

33% on cost, 25% on reducing balance, 20% on reducing balance, 15% on cost and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 9 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

430,242

Additions

46,866

At 31 December 2024

477,108

DEPRECIATION

At 1 January 2024

324,757

Charge for year

37,192

At 31 December 2024

361,949

NET BOOK VALUE

At 31 December 2024

115,159

At 31 December 2023

105,485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

53,899

45,727

Other debtors

42,206

14,372

96,105

60,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

19,072

20,447

Trade creditors

181,164

81,422

Taxation and social security

44,222

46,994

Other creditors

12,619

9,807

257,077

158,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

14,167

24,207

Hire purchase contracts

65,587

63,937

79,754

88,144

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

A F Waddington

Balance outstanding at start of year

-

-

Amounts advanced

28,178

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,178

-

J A Waddington

Balance outstanding at start of year

5,500

-

Amounts advanced

-

5,500

Amounts repaid

(5,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,500

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Marie Larby Accountancy

Unit 6A Station Road

Brompton on Swale

Richmond

North Yorkshire

DL10 7SN

Date: .............................................