West Midland Property & Plant Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06993635 (England and Wales)

WEST MIDLAND PROPERTY & PLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K B Brown

Mrs S L Brown

REGISTERED OFFICE:

25 Dean Street

Brewood

Stafford

West Midlands

ST19 9BU

REGISTERED NUMBER:

06993635 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

454,999

472,350

CURRENT ASSETS

Debtors

5

13,096

8,228

Cash at bank

609

206

13,705

8,434

CREDITORS

Amounts falling due within one year

6

108,378

184,441

NET CURRENT LIABILITIES

(94,673

)

(176,007

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

360,326

296,343

CREDITORS

Amounts falling due after more than one
year

7

(1,474

)

(4,805

)

PROVISIONS FOR LIABILITIES

8

(6,985

)

(10,281

)

NET ASSETS

351,867

281,257

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

351,767

281,157

SHAREHOLDERS' FUNDS

351,867

281,257

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 29 September 2025 and were signed on its behalf by:

Mr K B Brown - Director

1.	STATUTORY INFORMATION

West Midland Property & Plant 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.

Improvements to property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 January 2024

386,486

32,398

199,296

1,220

619,400

Disposals

-

(35,701

)

-

(35,701

)

At 31 December 2024

386,486

32,398

163,595

1,220

583,699

DEPRECIATION

At 1 January 2024

-

648

145,682

720

147,050

Charge for year

-

4,040

100

4,140

Eliminated on disposal

-

(22,490

)

-

(22,490

)

At 31 December 2024

-

648

127,232

820

128,700

NET BOOK VALUE

At 31 December 2024

386,486

31,750

36,363

400

454,999

At 31 December 2023

386,486

31,750

53,614

500

472,350

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

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

90,000

DEPRECIATION

At 1 January 2024

68,742

Charge for year

2,126

At 31 December 2024

70,868

NET BOOK VALUE

At 31 December 2024

19,132

At 31 December 2023

21,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

8,000

5,738

Amounts owed by participating interests

4,352

2,000

Other debtors

744

490

13,096

8,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

3,340

3,305

Trade creditors

3,840

1,389

Amounts owed to participating interests

16,915

134,831

Taxation and social security

41,516

11,954

Other creditors

42,767

32,962

108,378

184,441

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

1,474

4,805

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

6,985

10,281

Deferred

tax

£

Balance at 1 January 2024

10,281

Provided during year

(3,296

)

Balance at 31 December 2024

6,985

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.