REGISTERED NUMBER: 01189806

Abridged Financial Statements for the Year Ended 30 April 2025

for

WASP JOINERY

& CONSTRUCTION COMPANY LIMITED

Page

Company Information

1

Report of the Directors

2

Abridged Income Statement

3

Abridged Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

I G Pearse

R J G Pearse

REGISTERED OFFICE:

Unit A, Actrees Farm

Heathfield

Alkington

Berkeley

Gloucestershire

GL13 9PP

REGISTERED NUMBER:

01189806

ACCOUNTANTS:

West Country Accounting Services Limited

Chartered Accountants

BS15 1NT

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

DIRECTORS

The directors during the year under review were:

I G Pearse

R J G Pearse

The beneficial interests of the directors holding office on 30 April 2025 in the issued share capital of the company were as follows:

30.4.25

1.5.24

Ordinary shares £1.00 shares

I G Pearse

67

67

R J G Pearse

-

-

A Ordinary Shares £1.00 shares

I G Pearse

-

-

R J G Pearse

10

10

B Ordinary Shares £1.00 shares

I G Pearse

-

-

R J G Pearse

-

-

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R J G Pearse - Director

23 July 2025

GROSS PROFIT

213,897

211,077

Administrative expenses

124,880

130,252

OPERATING PROFIT

4

89,017

80,825

Income from shares in group undertakings

-

54,000

Interest receivable and similar income

1,943

1,960

1,943

55,960

90,960

136,785

Interest payable and similar expenses

406

658

PROFIT BEFORE TAXATION

90,554

136,127

Tax on profit

5

22,177

21,544

PROFIT FOR THE FINANCIAL YEAR

68,377

114,583

FIXED ASSETS

Tangible assets

7

64,181

67,984

Investments

8

223,000

223,000

287,181

290,984

CURRENT ASSETS

Stocks

11,818

11,369

Debtors

76,101

67,407

Cash at bank and in hand

139,568

146,090

227,487

224,866

CREDITORS

Amounts falling due within one year

107,676

82,806

NET CURRENT ASSETS

119,811

142,060

TOTAL ASSETS LESS CURRENT LIABILITIES

406,992

433,044

CREDITORS

Amounts falling due after more than one year

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES

(15,945

)

(16,874

)

NET ASSETS

380,214

395,337

CAPITAL AND RESERVES

Called up share capital

9

120

120

Retained earnings

10

380,094

395,217

SHAREHOLDERS' FUNDS

380,214

395,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:

R J G Pearse - Director

I G Pearse - Director

1.	STATUTORY INFORMATION

WASP JOINERY & CONSTRUCTION COMPANY LIMITED is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

4,967

5,902

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

23,106

11,608

Deferred tax

(929

)

9,936

Tax on profit

22,177

21,544

UK corporation tax was charged at 25%) in 2024.

6.

DIVIDENDS

2025

2024

£

£

Ordinary shares shares of £1.00 each

Final

30,000

15,000

A Ordinary Shares shares of £1.00 each

Final

36,000

32,000

B Ordinary Shares shares of £1.00 each

Final

17,500

14,000

83,500

61,000

7.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

152,850

Additions

1,164

At 30 April 2025

154,014

DEPRECIATION

At 1 May 2024

84,866

Charge for year

4,967

At 30 April 2025

89,833

NET BOOK VALUE

At 30 April 2025

64,181

At 30 April 2024

67,984

8.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 May 2024

and 30 April 2025

223,000

NET BOOK VALUE

At 30 April 2025

223,000

At 30 April 2024

223,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1.00

100

100

10

A Ordinary Shares

£1.00

10

10

10

B Ordinary Shares

£1.00

10

10

120

120

10.

RESERVES

Retained

earnings

£

At 1 May 2024

395,217

Profit for the year

68,377

Dividends

(83,500

)

At 30 April 2025

380,094