REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
FOR |
WEATHERLEY FENCING CONTRACTORS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 |
FOR |
WEATHERLEY FENCING CONTRACTORS LIMITED |
WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31st December 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WEATHERLEY FENCING CONTRACTORS LIMITED |
COMPANY INFORMATION |
for the year ended 31st December 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
Priestley House |
Priestley Gardens |
Chadwell Heath |
Essex |
RM6 4SN |
WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416) |
ABRIDGED BALANCE SHEET |
31st December 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 5 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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 |
WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31st December 2022 |
1. | STATUTORY INFORMATION |
Weatherley Fencing Contractors Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31st December 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2022 |
Additions |
At 31st December 2022 |
DEPRECIATION |
At 1st January 2022 |
Charge for year |
At 31st December 2022 |
NET BOOK VALUE |
At 31st December 2022 |
At 31st December 2021 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1st January 2022 | 60,964 |
Reclassification/transfer | (60,964 | ) |
At 31st December 2022 | - |
DEPRECIATION |
At 1st January 2022 | 31,673 |
Charge for year | 7,323 |
Reclassification/transfer | (38,996 | ) |
At 31st December 2022 | - |
NET BOOK VALUE |
At 31st December 2022 | - |
At 31st December 2021 | 29,291 |
5. | PROVISIONS FOR LIABILITIES |
2022 | 2021 |
£ | £ |
Deferred tax | 30,627 | 32,228 |
WEATHERLEY FENCING CONTRACTORS LIMITED (REGISTERED NUMBER: 01402416) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31st December 2022 |
5. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1st January 2022 |
Provided during year | ( |
) |
Balance at 31st December 2022 |
6. | RESERVES |
Retained |
earnings |
£ |
At 1st January 2022 |
Deficit for the year | ( |
) |
At 31st December 2022 |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
In common with many other businesses of our size and nature, our auditors provide general tax advice and assist us in the preparation of the financial statements and in the preparation and submission of returns to the tax authorities. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The shares owned by him and his family give them the majority ownership of the issued ordinary share capital of the company. |