REGISTERED NUMBER: 12149013 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

WAKES CONTRACTORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G D Wakeman

A D Wakeman

SECRETARY:

K R Wakeman

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

12149013 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

121,922

151,546

CURRENT ASSETS

Stocks

64,110

296,139

Debtors

6

259,900

180,793

Cash at bank and in hand

61,390

550,313

385,400

1,027,245

CREDITORS

Amounts falling due within one year

7

458,995

1,044,164

NET CURRENT LIABILITIES

(73,595

)

(16,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,327

134,627

CREDITORS

Amounts falling due after more than one year

8

(15,851

)

(39,577

)

PROVISIONS FOR LIABILITIES

(19,732

)

(20,807

)

NET ASSETS

12,744

74,243

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,644

74,143

12,744

74,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 21 July 2026 and were signed on its behalf by:

G D Wakeman - Director

1.	STATUTORY INFORMATION

Wakes Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Revenue from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

166,210

96,454

6,671

269,335

Additions

11,767

15,990

1,448

29,205

Disposals

(40,500

)

-

-

(40,500

)

At 31 October 2025

137,477

112,444

8,119

258,040

DEPRECIATION

At 1 November 2024

74,137

38,382

5,270

117,789

Charge for year

21,689

18,516

1,538

41,743

Eliminated on disposal

(23,414

)

-

-

(23,414

)

At 31 October 2025

72,412

56,898

6,808

136,118

NET BOOK VALUE

At 31 October 2025

65,065

55,546

1,311

121,922

At 31 October 2024

92,073

58,072

1,401

151,546

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,328

27,794

Amounts owed by group undertakings

74,931

28,384

Other debtors

135,641

124,615

259,900

180,793

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

38,000

50,813

Trade creditors

238,648

415,701

Amounts owed to group undertakings

206

3,266

Taxation and social security

15,429

8,429

Other creditors

166,712

565,955

458,995

1,044,164

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

15,851

39,577

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

A D Wakeman

Balance outstanding at start of year

-

-

Amounts advanced

-

83,565

Amounts repaid

-

(83,565

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

G D Wakeman

Balance outstanding at start of year

-

-

Amounts advanced

-

27,652

Amounts repaid

-

(27,652

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-