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REGISTERED NUMBER: 08597625 (England and Wales)















J E Webber Construction Limited

Abridged Unaudited Financial Statements for the Year Ended 28 February 2022






J E Webber Construction Limited (Registered number: 08597625)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


J E Webber Construction Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: J E Webber
Mrs S L Webber



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 08597625 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY

J E Webber Construction Limited (Registered number: 08597625)

Abridged Statement of Financial Position
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,804 18,787
Investments 6 100 -
17,904 18,787

CURRENT ASSETS
Stocks 427,911 288,631
Debtors 138,895 159,504
Cash at bank 5,249 51,980
572,055 500,115
CREDITORS
Amounts falling due within one year 522,936 377,491
NET CURRENT ASSETS 49,119 122,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,023

141,411

CREDITORS
Amounts falling due after more than one
year

7

(44,724

)

(49,750

)

PROVISIONS FOR LIABILITIES (3,383 ) (2,271 )
NET ASSETS 18,916 89,390

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 18,716 89,190
SHAREHOLDERS' FUNDS 18,916 89,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

J E Webber Construction Limited (Registered number: 08597625)

Abridged Statement of Financial Position - continued
28 February 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2022 and were signed on its behalf by:





J E Webber - Director


J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

J E Webber 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about J E Webber Construction Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Government grants
Government grants have been accounted for under the accrual model. Government grants are revenue based and relate to the Coronavirus Job Retention Scheme and the interest paid on a government secured bounce back loan.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021 37,956
Additions 11,787
Disposals (21,602 )
At 28 February 2022 28,141
DEPRECIATION
At 1 March 2021 19,169
Charge for year 5,934
Eliminated on disposal (14,766 )
At 28 February 2022 10,337
NET BOOK VALUE
At 28 February 2022 17,804
At 28 February 2021 18,787

J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 March 2021 21,602
Additions 10,266
Disposals (21,602 )
At 28 February 2022 10,266
DEPRECIATION
At 1 March 2021 14,766
Charge for year 2,566
Eliminated on disposal (14,766 )
At 28 February 2022 2,566
NET BOOK VALUE
At 28 February 2022 7,700
At 28 February 2021 6,836

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 100
At 28 February 2022 100
NET BOOK VALUE
At 28 February 2022 100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28.2.22 28.2.21
£    £   
Repayable by instalments
Other loans - 2,500

J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.22 28.2.21
£    £   
Hire purchase contracts and finance leases 17,516 21,288
Other Loans 391,695 215,369
409,211 236,657

The finance lease agreement is secured against the asset to which it relates.

Of the other loans £348,408 (2021 £165,369) is secured via a negative pledge against Unity Hall, Dampiet Street, Bridgwater. The remaining £43,287 (2021 £50,000) relates to a government secured bounce back loan.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J E Webber.