REGISTERED NUMBER: 04356436 (England and Wales)

WHL BUILDING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S N Ingle

G W Gilliat

REGISTERED OFFICE:

Oak Tree House

Alan Farnaby Way

Sheriff Hutton Industrial Park

YORK

North Yorkshire

YO60 6PG

REGISTERED NUMBER:

04356436 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Tangible assets

4

30,208

40,606

CURRENT ASSETS

Stocks

30,000

30,000

Debtors

1,637,642

1,509,783

Cash at bank and in hand

367,680

512,339

2,035,322

2,052,122

CREDITORS

Amounts falling due within one year

697,408

674,372

NET CURRENT ASSETS

1,337,914

1,377,750

TOTAL ASSETS LESS CURRENT LIABILITIES

1,368,122

1,418,356

CREDITORS

Amounts falling due after more than one year

(17,198

)

(143,858

)

PROVISIONS FOR LIABILITIES

(6,266

)

(6,914

)

NET ASSETS

1,344,658

1,267,584

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,344,656

1,267,582

1,344,658

1,267,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

G W Gilliat - Director

1.	STATUTORY INFORMATION

WHL Building Services 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.

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

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.

Significant judgements and estimates

The estimates and assumptions which have a significant risk of causing a material adjustments to the carrying amount of assets and liabilities are as follows:

The company undertakes work on long-term contracts which are at various degrees of completion at a year end. Management carries out an assessment of the stage of completeness of each of these contracts as at each balance sheet date to estimate the representative turnover and profit to recognise. Valuations are based on the overall value of each contract, knowledge of the work being undertaken on each contract up to the year end, activity on each contract since the year and management's previous experience on similar contracts including those that have been completed. The profitability of each contract is sensitive to cost variances arising either as a result of unforeseen issues on the contract or from changes to market rates.

Turnover

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

Revenue from contracts for the provision of ongoing services is recognised by reference to the stage of completion where costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets

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

Land and buildings

-

10% straight line

Plant and machinery etc

-

33% on cost and 20% straight line

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.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 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.

Leases

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

88,554

Additions

15,954

Disposals

(30,100

)

At 28 February 2025

74,408

DEPRECIATION

At 1 March 2024

47,948

Charge for year

10,867

Eliminated on disposal

(14,615

)

At 28 February 2025

44,200

NET BOOK VALUE

At 28 February 2025

30,208

At 29 February 2024

40,606

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

143,858

263,651

Hire purchase contracts

-

7,546

143,858

271,197

Bank loans are secured by a fixed and floating charge over the property of the company.

The hire purchase contracts are secured on the assets to which the loan relates.

6.	OTHER FINANCIAL COMMITMENTS

The company is committed to paying operating leases amounting to £76,065 (2024 - £147,408) at the year end. Of this amount, £54,811 (2024 - £61,777) is due within one year.

7.	ULTIMATE CONTROLLING PARTY

After the year end, the entire share capital of the company was acquired by WHL Building Services Trustees Limited to be held in Trust for the benefit of the employees of WHL Building Services Limited.