REGISTERED NUMBER: 01490114 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 May 2025

for

Weighill Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Iles

D I Limmer

REGISTERED OFFICE:

8 Addisons Close

Shirley

Croydon

Surrey

CR0 8DX

REGISTERED NUMBER:

01490114 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

13,404

726

Investment property

5

15,000

15,000

28,404

15,726

Current assets

Stocks

5,000

10,000

Debtors

6

102,382

89,869

Cash at bank

168,440

208,589

275,822

308,458

Creditors

Amounts falling due within one year

7

(45,300

)

(34,251

)

Net current assets

230,522

274,207

Total assets less current liabilities

258,926

289,933

Capital and reserves

Called up share capital

100

100

Share premium

9

79,968

79,968

Investment revaluation reserve

9

15,000

15,000

Motor vehicle revaluation

reserve

9

12,898

-

Retained earnings

9

150,960

194,865

258,926

289,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 May 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

P S Iles - Director

1.	STATUTORY INFORMATION

Weighill Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity of the company continued to be that of general construction of buildings and civil engineering works.

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 as modified by the revaluation of certain assets.

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery

20% on cost

Computer Equipment

25% on cost

Motor vehicle

12.5% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

INVESTMENT PROPERTY

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

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.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOVERNMENT GRANTS

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

GOING CONCERN

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 30 May 2024

6,564

23,192

609

30,365

Disposals

(105

)

-

-

(105

)

Revaluations

-

14,740

-

14,740

At 29 May 2025

6,459

37,932

609

45,000

DEPRECIATION

At 30 May 2024

6,295

23,192

152

29,639

Charge for year

106

1,842

114

2,062

Eliminated on disposal

(105

)

-

-

(105

)

At 29 May 2025

6,296

25,034

266

31,596

NET BOOK VALUE

At 29 May 2025

163

12,898

343

13,404

At 29 May 2024

269

-

457

726

Cost or valuation at 29 May 2025 is represented by:

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Valuation in 2025

-

14,740

-

14,740

Cost

6,459

23,192

609

30,260

6,459

37,932

609

45,000

The fair value of the property has been arrived at on the basis of a valuation carried out by the directors at the balance sheet date based on their opinion of the open market value at that date. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 May 2024

and 29 May 2025

15,000

NET BOOK VALUE

At 29 May 2025

15,000

At 29 May 2024

15,000

The fair value of the investment property has been arrived at on an open market basis by the directors of the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,920

27,151

Other debtors

71,462

62,718

102,382

89,869

The directors consider the carrying value of trade and other receivables approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

20,779

8,672

Taxation and social security

14,661

16,422

Other creditors

9,860

9,157

45,300

34,251

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8.	DEFERRED TAX

£

Balance at 30 May 2024

(60,196

)

Provided during year

10,118

Balance at 29 May 2025

(50,078

)

9.

RESERVES

Motor

Investment

vehicle

Retained

Share

revaluation

revaluation

earnings

premium

reserve

reserve

Totals

£

£

£

£

£

At 30 May 2024

194,865

79,968

15,000

-

289,833

Deficit for the year

(45,748

)

(45,748

)

Revaluation reserve

1,843

-

-

12,898

14,741

At 29 May 2025

150,960

79,968

15,000

12,898

258,826

INVESTMENT REVALUATION RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records this valuation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

MOTOR VEHICLE REVALUATION RESERVES

The Company applies the revaluation model for the measurement of its motor vehicles. This reserve consists of the surplus arising from the revaluation of motor vehicles, net of any related deferred tax liabilities. This is a non-distributable reserve.

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

Retained earnings consist of fair value adjustments and deferred tax in relation to investment properties.

10.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £3,996 (2024 - £3,996).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 May 2025 and 29 May 2024:

2025

2024

£

£

P S Iles

Balance outstanding at start of year

(8,686

)

(8,696

)

Amounts advanced

-

10

Amounts repaid

(414

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,100

)

(8,686

)

12.	RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors were amounts due to the director P S Iles of £9,100 (2024 - £8,686). This loan is interest free and repayable on demand.