Wingate Homes Limited
Wingate Homes Limited
Unaudited Financial Statements
For The Year Ended
31 March 2021
Capital & Co
Capital House
1A Ewell By Pass
Epsom
Surrey
KT17 2PZ
Page 1
Wingate Homes Limited
Unaudited Financial Statements
For The Year Ended
31 March 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4 |
Page 1
Page 2
Wingate Homes Limited
Balance Sheet
As at
31 March 2021
Balance Sheet
Registered number:
11723463
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 March 2021 | 31 March 2020 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (20,127) | (1,875) | |||
Page 2
Page 3
Wingate Homes Limited
Balance Sheet (continued)
As at
31 March 2021
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on page 4 form part of these financial statements.
Page 3
Page 4
Wingate Homes Limited
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2020: 2)
3.
Stocks
| 31 March 2021 | 31 March 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - materials and work in progress | 2,373,555 | 1,328,085 | |
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4.
Debtors
| 31 March 2021 | 31 March 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 31 March 2021 | 31 March 2020 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 31 March 2021 | 31 March 2020 | ||
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| £ | £ | ||
| Bank loans |
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| Directors loan account |
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7.
Share Capital
| 31 March 2021 | 31 March 2020 | ||
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| Allotted, Called up and fully paid |
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8.
General Information
Wingate Homes Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11723463
. The registered office is 272 Offce # 1, 272 London Road, Wallington, Surrey, SM6 7DJ.
Page 4