West Midlands Contractors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09596927 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2018

for

West Midlands Contractors Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R T Wassell

REGISTERED OFFICE:

Wyre Forest House

Finepoint Way

Kidderminster

Worcestershire

DY11 7WF

REGISTERED NUMBER:

09596927 (England and Wales)

ACCOUNTANTS:

dhjh

Wyre Forest House

Finepoint Way

Kidderminster

Worcestershire

DY11 7WF

CURRENT ASSETS

Stocks

276,309

187,533

Debtors

15,490

-

Cash at bank

504,621

220

796,420

187,753

CREDITORS

Amounts falling due within one year

(625,818

)

(252,653

)

NET CURRENT ASSETS/(LIABILITIES)

170,602

(64,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

170,602

(64,900

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

170,502

(65,000

)

SHAREHOLDERS' FUNDS

170,602

(64,900

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 18 February 2019 and were signed by:

R T Wassell - Director

1.	STATUTORY INFORMATION

West Midlands Contractors 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes. The policy adopted for the recognition of turnover is as follows:

Rendering of Services

When the outcome of a transaction can be estimated reliably, turnover from property development services is

recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured

by reference to when the company obtains the right to the consideration.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses that

are recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	ULTIMATE CONTROLLING PARTY

The controlling party is R T Wassell.