WILLEY AND BUNKER PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

9

DIRECTORS:

C T Marcu

J M Snoxell

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Industrial Estate, Kempston

Bedford

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

08870619 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

15,325

20,795

CURRENT ASSETS

Stocks

5

6,000

15,000

Debtors

6

295,130

243,377

Cash at bank

569

569

301,699

258,946

CREDITORS

Amounts falling due within one year

7

314,786

246,539

NET CURRENT (LIABILITIES)/ASSETS

(13,087

)

12,407

TOTAL ASSETS LESS CURRENT LIABILITIES

2,238

33,202

CREDITORS

Amounts falling due after more than one year

8

(9,564

)

(25,204

)

PROVISIONS FOR LIABILITIES

(1,171

)

(1,541

)

NET (LIABILITIES)/ASSETS

(8,497

)

6,457

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(8,597

)

6,357

SHAREHOLDERS' FUNDS

(8,497

)

6,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th January 2026 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2026 and were signed on its behalf by:

C T Marcu - Director

1.	STATUTORY INFORMATION

Willey And Bunker Projects 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the render of bespoke joinery services speciaslising in high-end residential and commercial properties.

Turnover is stated net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31st January 2025

and 30th January 2026

34,124

7,000

20,527

1,090

62,741

DEPRECIATION

At 31st January 2025

15,304

6,262

19,538

842

41,946

Charge for year

4,827

148

247

248

5,470

At 30th January 2026

20,131

6,410

19,785

1,090

47,416

NET BOOK VALUE

At 30th January 2026

13,993

590

742

-

15,325

At 30th January 2025

18,820

738

989

248

20,795

The net book value of tangible fixed assets includes £ 14,630 (2025 - £ 14,630 ) in respect of assets held under finance leases.

5.

STOCKS

30/1/26

30/1/25

£

£

Stocks

6,000

15,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/1/26

30/1/25

£

£

Trade debtors

22,816

17,804

Doubtful debt provision

(1,886

)

-

Amounts recoverable on contract

4,450

21,800

Other debtors

13,422

11,617

Directors' current accounts

175,805

133,997

Tax

58,814

44,703

VAT

16,943

2,942

Prepayments

4,766

10,514

295,130

243,377

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/1/26

30/1/25

£

£

Bank loans and overdrafts

9,932

15,502

Other loans

8,000

8,000

Bibby invoice finance

14,314

12,427

Finance leases (see note 9)

4,104

3,227

Trade creditors

14,693

18,447

Corporation tax

89,749

74,554

Social security and other taxes

76,711

53,225

Other creditors

2,492

639

Net wages outstanding

74,847

50,087

Accrued expenses

19,944

10,431

314,786

246,539

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/1/26

30/1/25

£

£

Bank loans

-

3,536

Other loans

667

8,667

Finance leases (see note 9)

8,897

13,001

9,564

25,204

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

30/1/26

30/1/25

£

£

Net obligations repayable:

Within one year

4,104

3,227

Between one and five years

8,897

13,001

13,001

16,228

Non-cancellable

operating leases

30/1/26

30/1/25

£

£

Within one year

28,450

28,450

Between one and five years

73,496

101,946

101,946

130,396

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/1/26

30/1/25

£

£

Bibby invoice finance

14,314

12,427

Finance leases

13,001

16,228

27,315

28,655

Amounts advanced by Bibby Invoice Finance are secured by a charge over the trade debtors and by a personal guarantee limited to £15,000 from Mr J M Snoxell, a director.

The bank overdraft is secured by personal guarantees from Mr C T Marcu & Mr J M Snoxell, the directors.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/1/26

30/1/25

value:

£

£

100

ORDINARY

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th January 2026 and 30th January 2025:

30/1/26

30/1/25

£

£

C T Marcu

Balance outstanding at start of year

84,922

75,713

Amounts advanced

24,539

49,183

Amounts repaid

-

(39,974

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

109,461

84,922

J M Snoxell

Balance outstanding at start of year

49,075

43,926

Amounts advanced

17,269

44,318

Amounts repaid

-

(39,169

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

66,344

49,075

Included in debtors at the year end are loans to the directors, interest has been charged at an annual rate of 3.75%. There are no set terms of repayment.

13.	ULTIMATE CONTROLLING PARTY

The directors do not consider there to be a sole controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Willey And Bunker Projects Ltd for the year ended 30th January 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Willey And Bunker Projects Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Willey And Bunker Projects Ltd and state those matters that we have agreed to state to the Board of Directors of Willey And Bunker Projects Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Willey And Bunker Projects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Willey And Bunker Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Willey And Bunker Projects Ltd. You consider that Willey And Bunker Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Willey And Bunker Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

23rd October 2026