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REGISTERED NUMBER: 04695614 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Wesbil Limited

Wesbil Limited (Registered number: 04695614)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wesbil Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs D M Lewis
M T Lewis
Mrs B M A Lewis
W T R Lewis





SECRETARY: M T Lewis





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 04695614 (England and Wales)

Wesbil Limited (Registered number: 04695614)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 885,613 851,422

CURRENT ASSETS
Stocks 267,046 273,861
Debtors 83,150 40,215
Investments 28,611 28,561
Cash at bank 190,173 293,310
568,980 635,947
CREDITORS
Amounts falling due within one year 144,052 307,208
NET CURRENT ASSETS 424,928 328,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,310,541

1,180,161

CREDITORS
Amounts falling due after more than one
year

(8,387

)

(16,774

)

PROVISIONS FOR LIABILITIES (45,142 ) (47,560 )
NET ASSETS 1,257,012 1,115,827

CAPITAL AND RESERVES
Called up share capital 98 98
Retained earnings 1,256,914 1,115,729
SHAREHOLDERS' FUNDS 1,257,012 1,115,827

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 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.

Wesbil Limited (Registered number: 04695614)

Abridged Balance Sheet - continued
31 March 2023


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 Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2023 and were signed on its behalf by:




Mrs D M Lewis - Director M T Lewis - Director




Mrs B M A Lewis - Director W T R Lewis - Director


Wesbil Limited (Registered number: 04695614)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wesbil 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 25 years
Plant and machinery - 15% on reducing balance

Stocks
Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

Investments
Investments are measured at cost less impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Wesbil Limited (Registered number: 04695614)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,247,605
Additions 83,737
At 31 March 2023 1,331,342
DEPRECIATION
At 1 April 2022 396,183
Charge for year 49,546
At 31 March 2023 445,729
NET BOOK VALUE
At 31 March 2023 885,613
At 31 March 2022 851,422