Company Registration No. 05703604 (England and Wales)
Werlee Ltd
Unaudited accounts
for the year ended 28 February 2023
Werlee Ltd
Unaudited accounts
Contents
Werlee Ltd
Company Information
for the year ended 28 February 2023
Company Number
05703604 (England and Wales)
Registered Office
BROOKSIDE COTTAGE, CROWS NEST
DINGLE, SNAIL BEACH
SHROPSHIRE
SY5 0LU
Werlee Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
38,693
27,928
Cash at bank and in hand
29,365
35,780
Creditors: amounts falling due within one year
(10,811)
(20,552)
Net current assets
32,959
36,130
Total assets less current liabilities
71,652
64,058
Provisions for liabilities
Deferred tax
(7,351)
(5,307)
Called up share capital
50
50
Profit and loss account
64,251
58,701
Shareholders' funds
64,301
58,751
For the year ending 28 February 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 21 November 2023 and were signed on its behalf by
P Lee
Director
Company Registration No. 05703604
Werlee Ltd
Notes to the Accounts
for the year ended 28 February 2023
Werlee Ltd is a private company, limited by shares, registered in England and Wales, registration number 05703604. The registered office is BROOKSIDE COTTAGE, CROWS NEST, DINGLE, SNAIL BEACH, SHROPSHIRE, SY5 0LU.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum straight line method
Motor vehicles
25% per annum reducing balance
Computer equipment
25% per annum reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
73,511
35,320
4,501
113,332
Additions
5,730
25,398
333
31,461
Disposals
-
(10,920)
-
(10,920)
At 28 February 2023
79,241
49,798
4,834
133,873
At 1 March 2022
60,659
20,720
4,025
85,404
Charge for the year
9,037
9,513
202
18,752
On disposals
-
(8,976)
-
(8,976)
At 28 February 2023
69,696
21,257
4,227
95,180
At 28 February 2023
9,545
28,541
607
38,693
At 28 February 2022
12,852
14,600
476
27,928
Werlee Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
13,328
19,825
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,779
13,966
Other creditors
2,444
2,443
Loans from directors
775
2,049
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
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Average number of employees
During the year the average number of employees was 2 (2022: 2).