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REGISTERED NUMBER: 01791727 (England and Wales)











WELLS FIREWORKS (DARTFORD) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






WELLS FIREWORKS (DARTFORD) LIMITED (REGISTERED NUMBER: 01791727)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 6

WELLS FIREWORKS (DARTFORD) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: R Huffam
S Caulfield





SECRETARY: S Caulfield





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 01791727 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

WELLS FIREWORKS (DARTFORD) LIMITED (REGISTERED NUMBER: 01791727)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,176 9,894

CURRENT ASSETS
Stocks 169,406 171,758
Debtors 5 68,991 37,996
Cash at bank and in hand 301,441 272,088
539,838 481,842
CREDITORS
Amounts falling due within one year 6 174,931 151,769
NET CURRENT ASSETS 364,907 330,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

383,083

339,967

CREDITORS
Amounts falling due after more than one
year

7

(25,833

)

(35,833

)

PROVISIONS FOR LIABILITIES (3,459 ) (1,880 )
NET ASSETS 353,791 302,254

CAPITAL AND RESERVES
Called up share capital 320 300
Retained earnings 353,471 301,954
SHAREHOLDERS' FUNDS 353,791 302,254

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.

WELLS FIREWORKS (DARTFORD) LIMITED (REGISTERED NUMBER: 01791727)

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.

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 17 November 2023 and were signed on its behalf by:





S Caulfield - Director


WELLS FIREWORKS (DARTFORD) LIMITED (REGISTERED NUMBER: 01791727)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Wells Fireworks (Dartford) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Land and buildings - over period of lease
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 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.

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.

WELLS FIREWORKS (DARTFORD) LIMITED (REGISTERED NUMBER: 01791727)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 87,223 54,856 17,134 599 159,812
Additions - 5,786 7,774 - 13,560
At 31 March 2023 87,223 60,642 24,908 599 173,372
DEPRECIATION
At 1 April 2022 87,223 48,901 13,197 597 149,918
Charge for year - 2,935 2,342 1 5,278
At 31 March 2023 87,223 51,836 15,539 598 155,196
NET BOOK VALUE
At 31 March 2023 - 8,806 9,369 1 18,176
At 31 March 2022 - 5,955 3,937 2 9,894

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,696 37,996
Other debtors 14,295 -
68,991 37,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,099 10,000
Trade creditors 4,029 19,798
Taxation and social security 73,796 74,030
Other creditors 87,007 47,941
174,931 151,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,833 35,833

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WELLS FIREWORKS (DARTFORD) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wells Fireworks (Dartford) Limited for the year ended 31 March 2023 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wells Fireworks (Dartford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wells Fireworks (Dartford) Limited and state those matters that we have agreed to state to the Board of Directors of Wells Fireworks (Dartford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wells Fireworks (Dartford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wells Fireworks (Dartford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wells Fireworks (Dartford) Limited. You consider that Wells Fireworks (Dartford) 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 financial statements of Wells Fireworks (Dartford) 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 financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


17 November 2023