West Midland Contracts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01835908 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2019

for

West Midland Contracts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J P Rogers

REGISTERED OFFICE:

Office 2 Greswolde House

197b Station Road

Knowle

Solihull

West Midlands

B93 0PU

REGISTERED NUMBER:

01835908 (England and Wales)

ACCOUNTANTS:

West - Chartered Accountants

Office 2 Greswolde House

197b Station Road

Knowle

Solihull

West Midlands

B93 0PU

FIXED ASSETS

Tangible assets

4

22,107

22,421

CURRENT ASSETS

Debtors

5

14,448

11,649

Cash at bank

136,743

167,848

151,191

179,497

CREDITORS

Amounts falling due within one year

6

6,407

9,642

NET CURRENT ASSETS

144,784

169,855

TOTAL ASSETS LESS CURRENT LIABILITIES

166,891

192,276

PROVISIONS FOR LIABILITIES

4,200

4,260

NET ASSETS

162,691

188,016

CAPITAL AND RESERVES

Called up share capital

125,100

125,100

Retained earnings

37,591

62,916

162,691

188,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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 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 director and authorised for issue on 22nd June 2020 and were signed by:

J P Rogers - Director

1.	STATUTORY INFORMATION

West Midland Contracts 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2019

148,075

Additions

7,055

At 31st December 2019

155,130

DEPRECIATION

At 1st January 2019

125,654

Charge for year

7,369

At 31st December 2019

133,023

NET BOOK VALUE

At 31st December 2019

22,107

At 31st December 2018

22,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

(29

)

-

Amounts owed by group undertakings

9,098

-

Other debtors

5,379

11,649

14,448

11,649

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

6,394

5,537

Taxation and social security

(904

)

418

Other creditors

917

3,687

6,407

9,642

7.	RELATED PARTY DISCLOSURES

West Midland Contracts Limited is a wholly owned subsidiary of West Midlands Properties Limited.