Company Registration No. 10819724 (England and Wales)
WEH Enterprises Ltd
Unaudited accounts
for the year ended 30 June 2023
WEH Enterprises Ltd
Unaudited accounts
Contents
WEH Enterprises Ltd
Company Information
for the year ended 30 June 2023
Company Number
10819724 (England and Wales)
Registered Office
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
WEH Enterprises Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
17,196
20,893
Cash at bank and in hand
601
716
Creditors: amounts falling due within one year
(53,935)
(53,453)
Net current liabilities
(51,334)
(50,337)
Net liabilities
(34,138)
(29,444)
Called up share capital
100
100
Profit and loss account
(34,238)
(29,544)
Shareholders' funds
(34,138)
(29,444)
For the year ending 30 June 2023 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 13 October 2023 and were signed on its behalf by
Mr W Horncastle
Director
Company Registration No. 10819724
WEH Enterprises Ltd
Notes to the Accounts
for the year ended 30 June 2023
WEH Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 10819724. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Cost
Fixtures & fittings
25% Cost
Computer equipment
25% Cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The director has confirmed that he will continue to give financial support to the company until such time as its position improves. In addition the director has confirmed that he will not recall his loans within 12 months.
The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
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.
WEH Enterprises Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
9,142
22,822
179
100
32,243
At 30 June 2023
9,142
22,822
179
100
32,243
At 1 July 2022
2,789
8,399
135
27
11,350
Charge for the year
2,186
1,442
44
25
3,697
At 30 June 2023
4,975
9,841
179
52
15,047
At 30 June 2023
4,167
12,981
-
48
17,196
At 30 June 2022
6,353
14,423
44
73
20,893
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
53,935
53,453
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).