Wallace Anthony Contracts Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 15354306

		31 December 2024
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		9,068
Tangible Assets	5		5,100

			14,168
CURRENT ASSETS
Debtors	6	3,032
Cash at bank and in hand		4,818

		7,850
Creditors: Amounts Falling Due Within One Year	7	(61,351 )

NET CURRENT ASSETS (LIABILITIES)			(53,501 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(39,333 )

NET LIABILITIES			(39,333 )

CAPITAL AND RESERVES
Called up share capital	8		1
Profit and Loss Account			(39,334 )

SHAREHOLDERS' FUNDS			(39,333)

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 P A Wallace

Director

15/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Wallace Anthony Contracts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15354306 . The registered office is 52 Gatehill Gardens, Luton, LU3 4EZ.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The company had net liabilities of £40,340 as at 31st December 2024, and has negative reserves amounting to the same. Despite this, the directors have reviewed the company’s financial position and confirm that they will continue to provide the necessary financial support to enable the company to meet its obligations as they fall due.

Based on this support, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, it is considered appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. 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:

Motor Vehicles

25% Reducing Balance

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Intangible Assets

	Goodwill
	£
Cost
As at 15 December 2023	-
Additions	10,000

As at 31 December 2024	10,000

...CONTINUED

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Wallace Anthony Contracts Ltd

Notes to the Financial Statements (continued)

For the Period 15 December 2023 to 31 December 2024

Amortisation
As at 15 December 2023	-
Provided during the period	932

As at 31 December 2024	932

Net Book Value
As at 31 December 2024	9,068

As at 15 December 2023	-

5. Tangible Assets

	Motor Vehicles
	£
Cost
As at 15 December 2023	-
Additions	6,800

As at 31 December 2024	6,800

Depreciation
As at 15 December 2023	-
Provided during the period	1,700

As at 31 December 2024	1,700

Net Book Value
As at 31 December 2024	5,100

As at 15 December 2023	-

6. Debtors

	31 December 2024
	£
Due within one year
Trade debtors	2,820
Prepayments and accrued income	212

	3,032

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Trade creditors	22,819
Other taxes and social security	2,185
VAT	3,723
Director's loan account	32,624

	61,351

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Wallace Anthony Contracts Ltd

Notes to the Financial Statements (continued)

For the Period 15 December 2023 to 31 December 2024

8. Share Capital

	31 December 2024
	£
Allotted, Called up and fully paid	1

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