REGISTERED NUMBER: 04666956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

P Wheeler & Son

Carpentry Contractors Ltd.

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Directors:

P Wheeler

Mrs E Wheeler

Secretary:

Mrs E Wheeler

Registered office:

Abacus House

129 North Hill

Plymouth

Devon

PL4 8JY

Business address:

2 Manor Park Drive

Plympton

Plymouth

Devon

PL7 2HT

Registered number:

04666956 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

6,205

7,256

6,205

7,256

Current assets

Stocks

6

11,420

94,844

Debtors

7

22,398

19,416

Cash at bank

170,320

162,193

204,138

276,453

Creditors

Amounts falling due within one year

8

116,914

151,606

Net current assets

87,224

124,847

Total assets less current liabilities

93,429

132,103

Capital and reserves

Called up share capital

9

100

100

Retained earnings

93,329

132,003

Shareholders' funds

93,429

132,103

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2025 and were signed on its behalf by:

P Wheeler - Director

1.	STATUTORY INFORMATION

P Wheeler & Son Carpentry Contractors Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and business 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.

Turnover

Turnover represents the value of services provided under contracts net of value added tax, to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of service provided to date based on a porportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of a business in 2003, was amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is calculated to write down the cost of tangible fixed assets over their expected useful economic life :

Equipment -20% on reducing balance

Leased assets - straight line over primary lease

Hand tools with a cost of £2,000 are not depreciated. These are small items which are constantly being replaced and any replacement items are charged to the profit and loss account as the expense is incurred.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 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.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

50,000

Amortisation

At 1 April 2024

and 31 March 2025

50,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Equipment

£

Cost

At 1 April 2024

and 31 March 2025

22,709

Depreciation

At 1 April 2024

15,453

Charge for year

1,051

At 31 March 2025

16,504

Net book value

At 31 March 2025

6,205

At 31 March 2024

7,256

6.

STOCKS

2025

2024

£

£

Stocks

825

825

Work-in-progress

10,595

94,019

11,420

94,844

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,026

14,871

Other debtors

3,372

4,545

22,398

19,416

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

881

-

Taxation and social security

2,709

30,237

Other creditors

113,324

121,369

116,914

151,606

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the amounts shown below to related parties:

P N Wheeler director & shareholder £55,148

E A Wheeler director & shareholder £55,147

All amounts are interest free and repayable on demand.

Mr Wheeler,a director received interest of £2,000 in the year.

11.	ULTIMATE CONTROLLING PARTY

The directors, P N Wheeler and his wife Mrs E Wheeler each own 50% of the issued share capital of the company and are the Controlling parties.