Wessex Heritage & Remedial Limited - Accounts to registrar (filleted) - small 23.2

REGISTERED NUMBER: 06950603 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WESSEX HERITAGE & REMEDIAL LIMITED

PREVIOUSLY KNOWN AS

PEST CONTROL SERVICES (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J E A Payne

SECRETARY:

Ms K Payne

REGISTERED OFFICE:

C/o Langdowns DFK

Kingsgate House

Newbury Road

Andover

Hampshire

SP10 4DU

REGISTERED NUMBER:

06950603 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

42,187

58,136

42,187

58,136

CURRENT ASSETS

Stocks

9,715

8,782

Debtors

7

38,006

32,502

Cash at bank

14,856

35,223

62,577

76,507

CREDITORS

Amounts falling due within one year

8

19,041

23,701

NET CURRENT ASSETS

43,536

52,806

TOTAL ASSETS LESS CURRENT LIABILITIES

85,723

110,942

CREDITORS

Amounts falling due after more than one year

9

(20,864

)

(27,918

)

PROVISIONS FOR LIABILITIES

(8,016

)

(11,046

)

NET ASSETS

56,843

71,978

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

56,743

71,878

SHAREHOLDERS' FUNDS

56,843

71,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 18 August 2023 and were signed by:

Mr J E A Payne - Director

1.	STATUTORY INFORMATION

Wessex Heritage & Remedial 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of pest control and building preservation services, excluding value added tax. Turnover is measured at the fair value of the consideration received or receivable. Turnover is recognised when the right to consideration is earned.

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

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and any impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost of each asset, less its estimated residual value, over its estimated useful life.

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 33% on reducing balance

Residual values and useful lives are reviewed, and adjusted if necessary, at each balance sheet date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Stocks

Stock comprises of materials held for the fulfilment of pest control and building preservation services. Stock is valued at cost. Cost is ascertained on a FIFO basis from invoiced amounts charged by suppliers.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Grants

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Grants relating to operating expenses are recognised through the income statement as the expenses are incurred to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

84,000

AMORTISATION

At 1 April 2022

and 31 March 2023

84,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

6.	TANGIBLE FIXED ASSETS

Tools and

Office

Motor

Computer

equipment

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2022

4,016

2,814

72,442

3,027

82,299

Additions

-

170

-

-

170

Disposals

-

-

(7,833

)

-

(7,833

)

At 31 March 2023

4,016

2,984

64,609

3,027

74,636

DEPRECIATION

At 1 April 2022

3,250

1,748

16,825

2,340

24,163

Charge for year

153

186

13,717

225

14,281

Eliminated on disposal

-

-

(5,995

)

-

(5,995

)

At 31 March 2023

3,403

1,934

24,547

2,565

32,449

NET BOOK VALUE

At 31 March 2023

613

1,050

40,062

462

42,187

At 31 March 2022

766

1,066

55,617

687

58,136

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

32,665

22,221

Other debtors

5,341

10,281

38,006

32,502

Included in other debtors is £455 (2022: £634) in relation to prepayments and accrued income.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

7,053

6,363

Trade creditors

891

1,225

Taxation and social security

3,261

11,209

Other creditors

7,836

4,904

19,041

23,701

Included in other creditors is £2,500 (2022: £3,975) in relation to accruals and deferred income.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

20,864

27,918

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100