Walshaw Construction Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14543267 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALSHAW CONSTRUCTION GROUP LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

to

5

CURRENT ASSETS

Debtors

4

100,954

29,076

Cash at bank

123

18,717

101,077

47,793

CREDITORS

Amounts falling due within one year

5

(103,730

)

(42,844

)

NET CURRENT (LIABILITIES)/ASSETS

(2,653

)

4,949

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,653

)

4,949

CAPITAL AND RESERVES

Called up share capital

99

Retained earnings

(2,752

)

4,850

(2,653

)

4,949

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 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 29 September 2025 and were signed by:

J Scholfield - Director

1.	STATUTORY INFORMATION

Walshaw Construction Group 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:

14543267

Registered office:

C/O DPC

Stone House

55 Stone Road Business Park

Stoke-on-Trent

Staffordshire

ST4 6SR

The principal activity of the company is that of a construction company.

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 financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director has reviewed the company's trading and cashflow position and has provided assurances that he will continue to provide support to the company in order that it may continue its activities as hitherto. Consequently, the director is of the opinion that the financial statements should be prepared on the going concern basis. The director acknowledges that illegal dividends were paid in the year and further acknowledges that they may become repayable to the company.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

REVENUE RECOGNITION

The company provides construction services. Income is recognised at clearly agreed and defined stages of deliverale. The turnover in the profit and loss account is excesive of value addes tax.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

56,800

5,300

Directors' loan accounts

230

23,776

VAT

5,829

-

Prepayments and accrued income

38,095

-

100,954

29,076

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

49,151

25,792

Tax

4,071

1,138

Social security and other taxes

660

1,596

VAT

-

1,823

Other creditors

21,178

1,495

Accruals and deferred income

28,670

11,000

103,730

42,844

6.	OTHER FINANCIAL COMMITMENTS

The amount of other commitments, guarantees and contingencies is £615 (2023: £Nil).

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24

31.12.23

£

J Scholfield

Balance outstanding at start of year

23,776

-

Amounts advanced

88,500

25,349

Amounts repaid

(112,046

)

(1,573

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

230

23,776

The director had an interest free loan during the year. By virtue of the loan account, a liability to taxation exists under section 455 CTA 2010 in the sum of £78 which will be repaid or discharged when the loan is repaid. It is anticipated that the loan will be repaid within nine months of the year end and, as such, no provision for the taxation has been made.

8.	EVENTS AFTER THE END OF REPORTING PERIOD

There were no significant events up to the date of the approval of the financial statements by the Board.

9.	GOING CONCERN

The director has reviewed the company's trading and cashflow position and has provided assurances that he will continue to provide support to the company in order that it may continue its activities as hitherto. Consequently, the director is of the opinion that the financial statements should be prepared on the going concern basis. The director acknowledges that illegal dividends were paid in the year and further acknowledges that they may become repayable to the company.