W Reilly Limited Accounts






W Reilly Limited

	Company No. 02966911
		Information for Filing with The Registrar
		31 October 2025

The Director presents her report and the accounts for the year ended 31 October 2025.

Principal activities
The principal activity of the company during the year under review was Construction.




Director

The Director who served at any time during the year was as follows:

L. Todorova









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

L. Todorova
Director
16 July 2026

at	31 October 2025
Company No.		02966911	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	187,214	245,251


				187,214	245,251
Current assets
	Stocks		6	82,746	43,216
	Debtors		7	682,123	348,140

	Cash at bank and in hand			25,388	448,968
				790,257	840,324
Creditors: Amount falling due within one year			8	(630,733)	(678,698)
Net current assets				159,524	161,626
Total assets less current liabilities				346,738	406,877
Creditors: Amounts falling due after more than one year			9	(788)	(17,573)
Provisions for liabilities
	Deferred taxation		10	(47,736)	(55,245)

Net assets				298,214	334,059

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		12	298,114	333,959

Total equity				298,214	334,059



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 October 2025 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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the director has not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 16 July 2026 and signed on its behalf by:
L. Todorova
Director
16 June 2026

for the year ended 31 October 2025

General information

W Reilly Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 02966911

Its registered office is:

2, Rowney Gardens

Sawbridgeworth

CM21 0AT

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration receivable. Turnover is reduced for estimated customer rebates and other similar allowances.

Revenue from work done is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
work;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the work;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from work done is recognised when that work is completed to a particular stage and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Furniture, fittings and equipment

20% reducing balance

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under hire purchase arrangements are capitalised in the balance sheet and depreciated in the same way as other owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and net realisable value. Costs, which comprise direct acquisition costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employee benefits

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	3

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	35,946	20,302

		Total corporation tax	35,946	20,302

		Origination and reversal of timing differences	(7,509)	1,637

		Total deferred tax	(7,509)	1,637

		Tax on profit on ordinary activities	28,437	21,939

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		17020	£	£
		Profit on ordinary activities before tax	60,092	70,837

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	11,417	13,459
		Expenses not deductible for tax purposes	24,529	6,843


		Other short term timing differences	(7,509)	1,637

		Tax on profit on ordinary activities	28,437	21,939

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Tools and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 November 2024	376,898	33,000	42,420	452,318
		Additions	-	-	4,759	4,759


		Disposals	(35,997)	-	-	(35,997)
		At 31 October 2025	340,901	33,000	47,179	421,080
		Depreciation
		At 1 November 2024	177,323	3,300	26,444	207,067
		Charge for the year	36,598	5,940	3,671	46,209


		Disposals	(19,410)	-	-	(19,410)
		At 31 October 2025	194,511	9,240	30,115	233,866
		Net book values
		At 31 October 2025	146,390	23,760	17,064	187,214
		At 31 October 2024	199,575	29,700	15,976	245,251

6	Stocks
			2025	2024
			£	£

		Work in progress	82,746	43,216

			82,746	43,216

7	Debtors
			2025	2024
			£	£
		Trade debtors	12,281	42,638



		VAT recoverable	76,572	50,741
		Loans to director	19,823	-
		Other debtors	573,242	254,761
		Prepayments and accrued income	205	-
			682,123	348,140

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

		Bank loans and overdrafts	6,667	10,000

		Obligations under finance lease and hire purchase contracts	10,127	35,304
		Trade creditors	512,615	541,065

		Taxes and social security	54,843	63,427
		Loans from director	-	124
		Other creditors	46,481	28,778

			630,733	678,698

9	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	-	6,667

		Obligations under finance lease and hire purchase contracts	788	10,906




			788	17,573

10	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 November 2024	55,245	55,245
		Charge to the profit and loss account for the period	(7,509)	(7,509)

		At 31 October 2025	47,736	47,736


			2025	2024
			£	£
		Accelerated capital allowances	47,736	55,245



			47,736	55,245

Share Capital

100 ordinary shares of £ 1

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

13	Dividends
			2025	2024
			£	£
		Dividends for the period:
		Dividends paid in the period	67,500	48,000

			67,500	48,000

		Dividends by type:

		Equity dividends	67,500	48,000
			67,500	48,000

14	Advances and credits to directors
			2025
			£

		Advanced in the period	19,823



		At 31 October 2025	19,823

Related party disclosures

Key management personnel compensation

Transactions with related parties

Included in other debtors is an amount of £ 565,843 loaned to an associated company - LIW Structures Ltd.