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Company Registration No. 05703604 (England and Wales)
Werlee Ltd Unaudited accounts for the year ended 28 February 2023
Werlee Ltd Unaudited accounts Contents
Page
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Werlee Ltd Company Information for the year ended 28 February 2023
Director
P Lee
Company Number
05703604 (England and Wales)
Registered Office
BROOKSIDE COTTAGE, CROWS NEST DINGLE, SNAIL BEACH SHROPSHIRE SY5 0LU
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Werlee Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,693 
27,928 
Current assets
Debtors
14,405 
20,902 
Cash at bank and in hand
29,365 
35,780 
43,770 
56,682 
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)
Net assets
64,301 
58,751 
Capital and reserves
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
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Werlee Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
4
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 
Depreciation
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 
Net book value
At 28 February 2023
9,545 
28,541 
607 
38,693 
At 28 February 2022
12,852 
14,600 
476 
27,928 
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Werlee Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,328 
19,825 
Other debtors
1,077 
1,077 
14,405 
20,902 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
823 
894 
Taxes and social security
3,779 
13,966 
Other creditors
2,444 
2,443 
Loans from directors
775 
2,049 
Accruals
2,990 
1,200 
10,811 
20,552 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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