REGISTERED NUMBER: 07882891 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2024

for

WATH CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L M Monfredi

SECRETARY:

REGISTERED OFFICE:

1 Swinton Yard

Rowms Lane

Swinton

S64 8AE

REGISTERED NUMBER:

07882891 (England and Wales)

ACCOUNTANT:

Hill and Co Accountants

106 Holme Lane

Hillsborough

Sheffield

South Yorkshire

S6 4JW

FIXED ASSETS

Tangible assets

4

163,666

153,161

CURRENT ASSETS

Stocks

150,000

135,750

Debtors

5

167,000

167,000

Cash at bank and in hand

50,641

35,560

367,641

338,310

CREDITORS

Amounts falling due within one year

6

189,248

169,690

NET CURRENT ASSETS

178,393

168,620

TOTAL ASSETS LESS CURRENT LIABILITIES

342,059

321,781

CREDITORS

Amounts falling due after more than one year

7

(15,311

)

(24,871

)

PROVISIONS FOR LIABILITIES

(17,602

)

(20,365

)

NET ASSETS

309,146

276,545

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

309,144

276,543

SHAREHOLDERS' FUNDS

309,146

276,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 25 September 2025 and were signed by:

L M Monfredi - Director

1.	STATUTORY INFORMATION

Wath Construction 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 December 2023

71,023

157,673

228,696

Additions

-

32,300

32,300

At 30 December 2024

71,023

189,973

260,996

DEPRECIATION

At 31 December 2023

-

75,535

75,535

Charge for year

-

21,795

21,795

At 30 December 2024

-

97,330

97,330

NET BOOK VALUE

At 30 December 2024

71,023

92,643

163,666

At 30 December 2023

71,023

82,138

153,161

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

Plant and

machinery

etc

£

COST

At 31 December 2023

and 30 December 2024

19,354

DEPRECIATION

At 31 December 2023

13,010

Charge for year

1,196

At 30 December 2024

14,206

NET BOOK VALUE

At 30 December 2024

5,148

At 30 December 2023

6,344

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/12/24

30/12/23

£

£

Other debtors

167,000

167,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/12/24

30/12/23

£

£

Trade creditors

39,561

17,437

Taxation and social security

108,831

117,030

Other creditors

40,856

35,223

189,248

169,690

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/12/24

30/12/23

£

£

Other creditors

15,311

24,871