Weald Builders (Sevenoaks) Limited

Weald Builders (Sevenoaks) Limited
Registered number:		01125311
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		77,571			73,026

Current assets
Stocks		97,655			249,722
Debtors	4	91,749			26,090
Cash at bank and in hand		18,810			232
		208,214			276,044

Creditors: amounts falling due within one year	5	(206,055)			(326,155)

Net current assets/(liabilities)			2,159			(50,111)

Total assets less current liabilities			79,730			22,915

Creditors: amounts falling due after more than one year	6		(91,473)			(67,221)

Provisions for liabilities			(18,247)			(14,209)


Net liabilities			(29,990)			(58,515)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(30,990)			(59,515)

Shareholders' funds			(29,990)			(58,515)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N W Bettridge
Director
Approved by the board on 30 September 2025

Weald Builders (Sevenoaks) Limited
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% Reducing balance
	Plant and machinery	20% Reducing balance
	Fixtures, fittings, tools and equipment	20-30% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			9		11


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 October 2023	102,919		84,155		187,074
	Additions	4,345		43,791		48,136
	Disposals	(2,275)		(19,820)		(22,095)
	At 30 September 2024	104,989		108,126		213,115

	Depreciation
	At 1 October 2023	57,328		56,720		114,048
	Charge for the year	9,755		12,851		22,606
	On disposals	(1,110)		-		(1,110)
	At 30 September 2024	65,973		69,571		135,544

	Net book value
	At 30 September 2024	39,016		38,555		77,571
	At 30 September 2023	45,591		27,435		73,026


4	Debtors			2024		2023
£					£

	Trade debtors			38,636		12,376
	Other debtors			53,113		13,714
				91,749		26,090


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			34,638		75,498
	Trade creditors			100,520		178,558
	Taxation and social security costs			62,359		36,507
	Other creditors			8,538		35,592
				206,055		326,155


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			20,416		34,755
	Obligations under finance lease and hire purchase contracts			71,057		32,466
				91,473		67,221


7	Other information

	Weald Builders (Sevenoaks) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Top Office
	Bowen's Farm
	Poundsbridge Lane
	Penshurst
	Tonbridge
	Kent
	TN11 8AJ