Willows Building Maintenance Service (Lincoln) Limited Filleted accounts for Companies House (small and micro)

Willows Building Maintenance Service (Lincoln) Limited

Unaudited financial statements

31 March 2025

Company Registration Number 03734155

Willows Building Maintenance Service (Lincoln) Limited

Financial statements

year ended 31 March 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

Willows Building Maintenance Service (Lincoln) Limited

Statement of financial position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	49,621	170,765

Current assets

Stocks		2,478	2,899
Debtors	6	103,117	133,773
Cash at bank and in hand		432,923	646,736
		---------	---------
		538,518	783,408

Creditors: amounts falling due within one year	7	190,100	428,967
		---------	---------
Net current assets		348,418	354,441
		---------	---------
Total assets less current liabilities		398,039	525,206

Provisions	6,433	6,110
	---------	---------
Net assets	391,606	519,096
	---------	---------

Capital and reserves

Called up share capital	500	1,000
Capital redemption reserve	500	–
Profit and loss account	390,606	518,096
	---------	---------
Shareholders funds	391,606	519,096
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Willows Building Maintenance Service (Lincoln) Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

Mr K Stevenson

Director

Company registration number: 03734155

Willows Building Maintenance Service (Lincoln) Limited

Notes to the financial statements

year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Ancaster Close, Cherry Willingham, Lincoln.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 8 ).

5. Tangible assets

Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£	£

Cost
At 1 April 2024	120,911	24,984	118,339	11,210	275,444
Additions	–	2,172	21,299	–	23,471
Disposals	( 120,911)	–	–	( 10,392)	( 131,303)
	---------	--------	---------	--------	---------
At 31 March 2025	–	27,156	139,638	818	167,612
	---------	--------	---------	--------	---------
Depreciation
At 1 April 2024	–	16,313	88,162	204	104,679
Charge for the year	–	1,301	11,981	160	13,442
Disposals	–	–	–	( 130)	( 130)
	---------	--------	---------	--------	---------
At 31 March 2025	–	17,614	100,143	234	117,991
	---------	--------	---------	--------	---------
Carrying amount
At 31 March 2025	–	9,542	39,495	584	49,621
	---------	--------	---------	--------	---------
At 31 March 2024	120,911	8,671	30,177	11,006	170,765
	---------	--------	---------	--------	---------

6. Debtors

	2025	2024
	£	£

Trade debtors	103,117	133,773
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	28,128	95,911
Corporation tax	14,837	37,844
Social security and other taxes	20,048	21,210
Other creditors	127,087	274,002
	---------	---------
	190,100	428,967
	---------	---------