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Company Registration No. 06176011 (England and Wales)
C. Wells Properties Limited Unaudited accounts for the year ended 31 March 2022
C. Wells Properties Limited Unaudited accounts Contents
Page
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C. Wells Properties Limited Company Information for the year ended 31 March 2022
Director
C B Wells
Company Number
06176011 (England and Wales)
Registered Office
12 Priestly Drive Tonbridge Kent TN10 4RS
Accountants
Worthweld PT Limited 5 Field End Maresfield Uckfield East Sussex TN22 2DJ
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C. Wells Properties Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,042 
740 
Current assets
Inventories
350 
495 
Debtors
3,587 
435 
Cash at bank and in hand
18,297 
11,962 
22,234 
12,892 
Creditors: amounts falling due within one year
(19,802)
(11,212)
Net current assets
2,432 
1,680 
Total assets less current liabilities
3,474 
2,420 
Provisions for liabilities
Deferred tax
(198)
(134)
Net assets
3,276 
2,286 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
3,274 
2,284 
Shareholders' funds
3,276 
2,286 
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2022 and were signed on its behalf by
C B Wells Director Company Registration No. 06176011
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C. Wells Properties Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
C. Wells Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06176011. The registered office is 12 Priestly Drive, Tonbridge, Kent, TN10 4RS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on the reducing balance method
Motor vehicles
25% per annum on the reducing balance method
Computer equipment
25% per annum on the reducing balance method
Stocks
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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C. Wells Properties Limited Notes to the Accounts for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
2,587 
3,965 
1,069 
7,621 
Additions
540 
- 
- 
540 
At 31 March 2022
3,127 
3,965 
1,069 
8,161 
Depreciation
At 1 April 2021
2,535 
3,302 
1,044 
6,881 
Charge for the year
65 
166 
7 
238 
At 31 March 2022
2,600 
3,468 
1,051 
7,119 
Net book value
At 31 March 2022
527 
497 
18 
1,042 
At 31 March 2021
52 
663 
25 
740 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
3,110 
- 
Accrued income and prepayments
477 
435 
3,587 
435 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,123 
529 
Taxes and social security
1,768 
24 
Loans from directors
10,611 
6,359 
Accruals
6,300 
4,300 
19,802 
11,212 
7
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
198 
134 
2022 
2021 
£ 
£ 
Provision at start of year
134 
188 
Charged/(credited) to the profit and loss account
64 
(54)
Provision at end of year
198 
134 
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C. Wells Properties Limited Notes to the Accounts for the year ended 31 March 2022
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Transactions with related parties
The company is controlled by the Director. During the year the Director continued to provide a loan to the company. At the balance sheet date the amount due to the Director was £10611 (2021: £6359). No other transactions required reporting during the year.
10
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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