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Registered number: 08723546
Wilplan Civils Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08723546
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 754,860 471,018
754,860 471,018
CURRENT ASSETS
Stocks 5 13,186 44,744
Debtors 6 612,983 319,181
Cash at bank and in hand 33,400 21,787
659,569 385,712
Creditors: Amounts Falling Due Within One Year 7 (622,561 ) (426,079 )
NET CURRENT ASSETS (LIABILITIES) 37,008 (40,367 )
TOTAL ASSETS LESS CURRENT LIABILITIES 791,868 430,651
Creditors: Amounts Falling Due After More Than One Year 8 (194,625 ) (187,797 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (143,390 ) -
NET ASSETS 453,853 242,854
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 453,753 242,754
SHAREHOLDERS' FUNDS 453,853 242,854
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Wilson
Director
31st October 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Wilplan Civils Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08723546 . The registered office is 15 Front Street, Sherburn Hill, Durham, County Durham, DH6 1PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on Reducing Balance
Motor Vehicles 20% on Reducing Balance
Fixtures & Fittings 20% on Reducing Balance
Computer Equipment 33% on Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 331,133 283,128 30,224 10,088 654,573
Additions 228,000 133,489 3,000 2,077 366,566
Disposals - (3,000 ) - - (3,000 )
As at 31 October 2024 559,133 413,617 33,224 12,165 1,018,139
Depreciation
As at 1 November 2023 115,711 38,286 20,385 9,173 183,555
Provided during the period 42,929 35,632 2,023 777 81,361
Disposals - (1,637 ) - - (1,637 )
As at 31 October 2024 158,640 72,281 22,408 9,950 263,279
Net Book Value
As at 31 October 2024 400,493 341,336 10,816 2,215 754,860
As at 1 November 2023 215,422 244,842 9,839 915 471,018
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Page 5
5. Stocks
2024 2023
£ £
Finished goods 6,000 6,000
Work in progress 7,186 38,744
13,186 44,744
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 517,425 252,290
Other debtors 87,627 66,891
605,052 319,181
Due after more than one year
Other debtors 7,931 -
612,983 319,181
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 151,409 135,669
Trade creditors 190,077 79,533
Bank loans and overdrafts 5,514 5,514
Other creditors 130,016 156,224
Taxation and social security 145,545 49,139
622,561 426,079
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 169,352 157,010
Bank loans 25,273 30,787
194,625 187,797
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 178,832 162,550
Later than one year and not later than five years 201,361 187,841
380,193 350,391
Less: Finance charges allocated to future periods 59,432 57,712
320,761 292,679
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Gary Wilson 47,725 116,106 102,832 - 60,999
Mrs Paula Watson 17,582 40,273 33,827 - 24,028
The above loan is unsecured, interest free and repayable on demand.
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