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REGISTERED NUMBER: 06181651 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

W E G CONSTRUCTION LTD

W E G CONSTRUCTION LTD (REGISTERED NUMBER: 06181651)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W E G CONSTRUCTION LTD

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTOR: W Godsall





SECRETARY:





REGISTERED OFFICE: 2 South Parade
Sutton Coldfield
West Midlands
B72 1QY





REGISTERED NUMBER: 06181651 (England and Wales)





ACCOUNTANTS: Troy Business Services Ltd
62-64 Market Street
Ashby de la Zouch
Leicestershire
LE65 1AN

W E G CONSTRUCTION LTD (REGISTERED NUMBER: 06181651)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,948 31,703

CURRENT ASSETS
Stocks 6,230 92,640
Debtors 5 31,489 8,100
Cash at bank 562,878 400,368
600,597 501,108
CREDITORS
Amounts falling due within one year 6 189,562 146,004
NET CURRENT ASSETS 411,035 355,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,983

386,807

CREDITORS
Amounts falling due after more than one
year

7

2,839

7,866
NET ASSETS 457,144 378,941

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 457,134 378,931
457,144 378,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

W E G CONSTRUCTION LTD (REGISTERED NUMBER: 06181651)

BALANCE SHEET - continued
31 January 2023


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 16 October 2023 and were signed by:





W Godsall - Director


W E G CONSTRUCTION LTD (REGISTERED NUMBER: 06181651)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

W E G Construction Ltd 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.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

W E G CONSTRUCTION LTD (REGISTERED NUMBER: 06181651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 82,050
Additions 33,667
Disposals (28,845 )
At 31 January 2023 86,872
DEPRECIATION
At 1 February 2022 50,347
Charge for year 197
Eliminated on disposal (12,620 )
At 31 January 2023 37,924
NET BOOK VALUE
At 31 January 2023 48,948
At 31 January 2022 31,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,489 8,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,005 7,792
Trade creditors 42,369 11,899
Taxation and social security 94,934 67,293
Other creditors 48,254 59,020
189,562 146,004

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,839 7,866