WBS Building Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10200400 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

WBS Building Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Wells

A J Wells

Z A Willock

REGISTERED OFFICE:

Albion House

163-167 King Street

Dukinfield

Cheshire

SK16 4LF

REGISTERED NUMBER:

10200400 (England and Wales)

ACCOUNTANTS:

KPI Accountants Ltd

163-167 King Street

Albion House

Dukinfield

Cheshire

SK16 4LF

FIXED ASSETS

Intangible assets

4

10,000

12,000

Tangible assets

5

45,371

42,062

55,371

54,062

CURRENT ASSETS

Debtors

6

21,900

13,055

Cash at bank

85,174

79,413

107,074

92,468

CREDITORS

Amounts falling due within one year

7

116,957

110,439

NET CURRENT LIABILITIES

(9,883

)

(17,971

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,488

36,091

CREDITORS

Amounts falling due after more than one year

8

13,791

18,956

NET ASSETS

31,697

17,135

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

31,695

17,133

SHAREHOLDERS' FUNDS

31,697

17,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2022 and were signed on its behalf by:

A J Wells - Director

D P Wells - Director

1.	STATUTORY INFORMATION

WBS Building Construction 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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 17 (2021 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

20,000

AMORTISATION

At 1 April 2021

8,000

Charge for year

2,000

At 31 March 2022

10,000

NET BOOK VALUE

At 31 March 2022

10,000

At 31 March 2021

12,000

5.	TANGIBLE FIXED ASSETS

Equipment

and

Motor

furniture

vehicles

Totals

£

£

£

COST

At 1 April 2021

14,250

69,888

84,138

Additions

-

26,264

26,264

Disposals

-

(11,500

)

(11,500

)

At 31 March 2022

14,250

84,652

98,902

DEPRECIATION

At 1 April 2021

9,581

32,495

42,076

Charge for year

934

19,146

20,080

Eliminated on disposal

-

(8,625

)

(8,625

)

At 31 March 2022

10,515

43,016

53,531

NET BOOK VALUE

At 31 March 2022

3,735

41,636

45,371

At 31 March 2021

4,669

37,393

42,062

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

16,873

7,351

Prepayments and accrued income

5,027

5,704

21,900

13,055

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

1,692

20,000

Hire purchase contracts

6,579

8,011

Trade creditors

9,030

5,960

Tax

20,669

23,962

Social security and other taxes

3,601

-

CIS suffered

(4,165

)

(44,045

)

VAT

10,433

7,418

Other creditors

5,789

8,295

Directors' current accounts

63,209

61,575

Accrued expenses

120

19,263

116,957

110,439

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Hire purchase contracts

13,791

18,956

9.

RESERVES

Retained

earnings

£

At 1 April 2021

17,133

Profit for the year

55,062

Dividends

(40,500

)

At 31 March 2022

31,695