Registration number: 13598833

WJC Developments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

WJC Developments Limited

Company Information

Director

W J Casswell

Registered office

Vale Farm North Ormsby Louth Lincolnshire LN11 OTW

WJC Developments Limited

(Registration number: 13598833)
Balance Sheet as at 26 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	72,044	63,539
Current assets
Stocks	5	-	20,435
Debtors	6	1,287,619	1,226,086
Cash at bank and in hand		921,081	907,610
		2,208,700	2,154,131
Creditors: Amounts falling due within one year	7	(1,618,243)	(1,782,055)
Net current assets		590,457	372,076
Total assets less current liabilities		662,501	435,615
Provisions for liabilities		(18,011)	(15,885)
Net assets		644,490	419,730
Capital and reserves
Called up share capital	8	10	10
Retained earnings		644,480	419,720
Shareholders' funds		644,490	419,730

For the financial period ending 26 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 December 2025
 

......................................... W J Casswell Director

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2023 to 26 September 2024

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 13598833.

The address of its registered office is:
Vale Farm
North Ormsby
Louth
Lincolnshire
LN11 OTW

These financial statements cover the individual entity WJC Developments Limited.

These financial statements were authorised for issue by the director on 11 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2023 to 26 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Motor vehicles	15% reducing balance basis
Computer equipment	15% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 2 (2023 - 2).

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2023 to 26 September 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 30 September 2023	28,276	47,330	75,606
Additions	2,933	15,509	18,442
At 26 September 2024	31,209	62,839	94,048
Depreciation
At 30 September 2023	4,881	7,186	12,067
Charge for the period	3,843	6,094	9,937
At 26 September 2024	8,724	13,280	22,004
Carrying amount
At 26 September 2024	22,485	49,559	72,044
At 29 September 2023	23,395	40,144	63,539

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2023 to 26 September 2024

5

Stocks

	2024 £	2023 £
Raw materials and consumables	-	20,435

6

Debtors

	2024 £	2023 £
Prepayments	6,538	6,471
Other debtors	1,281,081	1,219,615
	1,287,619	1,226,086

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	123,837	54,316
Taxation and social security	302,817	209,603
Accruals and deferred income	7,710	20,867
Other creditors	1,183,879	1,497,269
	1,618,243	1,782,055

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	10	10	10	10

WJC Developments Limited

Notes to the Unaudited Financial Statements for the Period from 30 September 2023 to 26 September 2024

9	Related party transactions

Transactions with the Director

2024	At 30 September 2023 £	Advances to Director £	Repayments by Director £	At 26 September 2024 £
W J Casswell
Directors loan account	288,037	213,528	(95,000)	406,565

2023	At 30 September 2022 £	Advances to Director £	Repayments by Director £	At 29 September 2023 £
W J Casswell
Directors loan account	67,426	220,611	-	288,037

Interest is paid on the director's loan account at an interest rate of 2.25%.

Summary of transactions with other related parties

Connected persons businesses

Loans from related parties

2024	Other related parties £	Total £
At start of period	1,477,025	1,477,025
Repaid	(383,066)	(383,066)
At end of period	1,093,959	1,093,959

2023	Other related parties £	Total £
At start of period	1,296,546	1,296,546
Advanced	180,479	180,479
At end of period	1,477,025	1,477,025

Terms of loans from related parties

Interest free loans