REGISTERED NUMBER: 01943490 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

WHARTON CONSTRUCTION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Wharton

Mrs S Wharton

M Wharton

C Lee

SECRETARY:

Mrs J Wharton

REGISTERED OFFICE:

Kellaw Road

Yarm Road Industrial Estate

Darlington

Co. Durham

DL1 4YA

REGISTERED NUMBER:

01943490 (England and Wales)

BANKERS:

Handelsbanken

2nd Floor

Lakeside House

Kingfisher Way

Stockton-on-Tees

TS18 3NB

FIXED ASSETS

Tangible assets

4

424,611

478,613

Investment property

5

107,638

-

532,249

478,613

CURRENT ASSETS

Stock and work in progress

234,680

87,171

Debtors

2,266,738

2,195,364

Cash at bank and in hand

3,079,322

1,435,293

5,580,740

3,717,828

CREDITORS

Amounts falling due within one year

4,033,147

2,652,325

NET CURRENT ASSETS

1,547,593

1,065,503

TOTAL ASSETS LESS CURRENT LIABILITIES

2,079,842

1,544,116

CREDITORS

Amounts falling due after more than one year

(32,563

)

(106,403

)

PROVISIONS FOR LIABILITIES

(12,174

)

(22,695

)

NET ASSETS

2,035,105

1,415,018

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Revaluation reserve

6

209,047

213,029

Retained earnings

1,806,058

1,181,989

SHAREHOLDERS' FUNDS

2,035,105

1,415,018

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 and delivered 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 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

M Wharton - Director

1.	STATUTORY INFORMATION

Wharton Construction Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises the value of sales excluding value added tax as adjusted for work in progress.

Tangible fixed assets

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

Long leasehold land and buildings

-

Over the term of the lease

Plant and machinery

-

25% on reducing balance

Furniture and equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at cost, which the directors consider to be equal to its fair value.

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value. In respect of work in progress cost includes a relevant proportion of overheads according to the stage of completion, and is reduced to the extent that invoicing is in advance of work done.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

Retentions

Retentions due to the company in respect of work completed at the balance sheet date are included in trade debtors. Provision is made against the value of retentions to cover the possibility of remedial works.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 October 2024

665,534

Additions

2,536

At 30 September 2025

668,070

DEPRECIATION

At 1 October 2024

186,921

Charge for year

56,538

At 30 September 2025

243,459

NET BOOK VALUE

At 30 September 2025

424,611

At 30 September 2024

478,613

Cost or valuation at 30 September 2025 is represented by:

Totals

£

Valuation in 2022

223,000

Cost

445,070

668,070

5.	INVESTMENT PROPERTY

Freehold investment property was acquired on 29 November 2024 at a cost of £94,155, plus incidental acquisition costs. The directors do not consider that the property's market value at 30 September 2025 would be significantly different to its carrying amount.

6.

RESERVES

Revaluation

reserve

£

At 1 October 2024

213,029

Transfer

(3,982

)

At 30 September 2025

209,047

7.	OTHER FINANCIAL COMMITMENTS

At 30 September 2025 the company had financial commitments totalling £17,214 (2024 £29,513) in respect of leasing agreements.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

£

P Wharton

Balance outstanding at start of year

-

1,823

Amounts repaid

-

(1,823

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

M Wharton

Balance outstanding at start of year

-

20,591

Amounts advanced

141,000

-

Amounts repaid

(121,000

)

(20,591

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,000

-