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Registered Number: 01138130
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2023

for

WYCHAVON ENGINEERING COMPANY LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Wychavon Engineering Company Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wychavon Engineering Company Limited for the year ended 31 March 2023 which comprise of the Income Statement, the Statement of Financial Position, and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Wychavon Engineering Company Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wychavon Engineering Company Limited and state those matters that we have agreed to state to the Board of Directors of Wychavon Engineering Company Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wychavon Engineering Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Wychavon Engineering Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wychavon Engineering Company Limited . You consider that Wychavon Engineering Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Wychavon Engineering Company Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 March 2023



....................................................
Pointon Young
Chartered Accountants
17 Greenhill Street
Stratford upon Avon
CV37 6LF
19 September 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 642,153    642,278 
642,153    642,278 
Current assets      
Debtors 1,311    1,298 
Cash at bank and in hand 621,498    626,700 
622,809    627,998 
Creditors: amount falling due within one year (66,029)   (65,274)
Net current assets 556,780    562,724 
 
Total assets less current liabilities 1,198,933    1,205,002 
Provisions for liabilities (97)   (121)
Net assets 1,198,836    1,204,881 
 

Capital and reserves
     
Called up share capital 4 150    150 
Share premium account 275    275 
Profit and loss account 1,198,411    1,204,456 
Shareholder's funds 1,198,836    1,204,881 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 September 2023 and were signed on its behalf by:


-------------------------------
B C Stratton
Director
2
General Information
Wychavon Engineering Company Limited is a private company, limited by shares, registered in England and Wales, registration number 01138130, registration address 17 Greenhill Street, Stratford upon Avon, Warwickshire, CV37 0DN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 April 2022 641,643    6,130    647,773 
Additions    
Disposals    
At 31 March 2023 641,643    6,130    647,773 
Depreciation
At 01 April 2022   5,495    5,495 
Charge for year   125    125 
On disposals    
At 31 March 2023   5,620    5,620 
Net book values
Closing balance as at 31 March 2023 641,643    510    642,153 
Opening balance as at 01 April 2022 641,643    635    642,278 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
150 Class A shares of £1.00 each 150    150 
150    150 

3