W.C. CONTRACTORS LIMITED - Filleted accounts

W.C. CONTRACTORS LIMITED
Registered number:		05735271
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		90,787			126,615
Investments	4		200,000			-
			290,787			126,615

Current assets
Debtors	5	200,148			142,939
Cash at bank and in hand		381,104			602,759
		581,252			745,698

Creditors: amounts falling due within one year	6	(190,198)			13,212

Net current assets			391,054			758,910

Total assets less current liabilities			681,841			885,525

Creditors: amounts falling due after more than one year	7		15,187			10,751



Net assets			697,028			896,276

Capital and reserves
Called up share capital			200			200
Prior Year Adjustment			(114,918)			-
Profit and loss account			811,746			896,076

Shareholder's funds			697,028			896,276

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Robert Watt
Director
Approved by the board on 23 December 2025

W.C. CONTRACTORS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicle	20% reducing balance
;.	Plant and machinery	20% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Prior Year Adjustment
	This account is to correct the errors in the financial statements for the period ending 31st March 2021 and 31st March 2022. Our client sold some properties which were originally purchased in the name of Mr R Watt but all the transactions including the initial deposit and all associated expenses were put through the company books. The director sold the properties and the gains that arose from the disposal of the properties were recorded in the company books. During the investigation it was discovered that the properties are personal properties of the director,and therefore have to be removed to his personal tax returns for those years.The gains which were taxed against the company were also reversed and those changes have now been recorded in this year's accounts.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	14,683		249,435		264,118
	Disposals	-		(32,060)		(32,060)
	At 31 March 2025	14,683		217,375		232,058

	Depreciation
	At 1 April 2024	12,577		124,926		137,503
	Charge for the year	421		22,275		22,696
	On disposals	-		(18,928)		(18,928)
	At 31 March 2025	12,998		128,273		141,271

	Net book value
	At 31 March 2025	1,685		89,102		90,787
	At 31 March 2024	2,106		124,509		126,615


4	Investments

Other
investments
£
	Cost
	Additions					200,000

	At 31 March 2025					200,000


5	Debtors			2025		2024
£					£

	Trade debtors			111,871		76,145
	Other debtors			88,277		66,794
				200,148		142,939


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			11,880		590
	Taxation and social security costs			19,216		(15,277)
	Other creditors			159,102		1,475
				190,198		(13,212)


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			(15,187)		(10,751)



9	Controlling party

	During the year, the company was wholly under the control of the director.


10	Other information

	W.C. CONTRACTORS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	2 Cecil Drive
	Corby
	Northamptonshire
	NN18 8BA