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REGISTERED NUMBER: 06927601 (England and Wales)















WESTON ALLISON WRIGHT (2022) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






WESTON ALLISON WRIGHT (2022) LIMITED (REGISTERED NUMBER: 06927601)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


WESTON ALLISON WRIGHT (2022) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J P Hatchard





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 06927601 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

WESTON ALLISON WRIGHT (2022) LIMITED (REGISTERED NUMBER: 06927601)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 21,115 24,893
21,115 24,893

CURRENT ASSETS
Debtors 6 449,687 108,373
Cash at bank 2,156 451,538
451,843 559,911
CREDITORS
Amounts falling due within one year 7 172,680 240,850
NET CURRENT ASSETS 279,163 319,061
TOTAL ASSETS LESS CURRENT LIABILITIES 300,278 343,954

PROVISIONS FOR LIABILITIES 1,099 1,371
NET ASSETS 299,179 342,583

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 297,179 340,583
SHAREHOLDERS' FUNDS 299,179 342,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 6 February 2024 and were signed by:





J P Hatchard - Director


WESTON ALLISON WRIGHT (2022) LIMITED (REGISTERED NUMBER: 06927601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Weston Allison Wright (2022) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue represents net invoiced sales of services, excluding value added tax.

Services provided to customers during the year, which at the financial reporting date have not been invoiced, have been recognised as revenue in accordance with the principles of revenue recognition. Revenue recognised in this manner is based on an assessment of the fair value of work done to the financial reporting date, as a proportion of the total value of the contract. Provision is made against unbilled amounts on those contracts where the right to receive payment is contingent on factors outside of the control of the company. Unbilled revenue is included in debtors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


WESTON ALLISON WRIGHT (2022) LIMITED (REGISTERED NUMBER: 06927601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 250,000
AMORTISATION
At 1 July 2022
and 30 June 2023 250,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

WESTON ALLISON WRIGHT (2022) LIMITED (REGISTERED NUMBER: 06927601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 59,349
DEPRECIATION
At 1 July 2022 34,456
Charge for year 3,778
At 30 June 2023 38,234
NET BOOK VALUE
At 30 June 2023 21,115
At 30 June 2022 24,893

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,271 44,899
Amounts recoverable on contracts 25,027 39,715
Amounts owed by group undertakings 353,836 -
Other debtors 13,401 13,401
Prepayments 10,152 10,358
449,687 108,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 43,739 13,908
Taxation 15,942 49,675
Other taxes and social security 3,944 11,176
VAT 11,307 32,690
Other creditors 16,063 13,043
Directors' current accounts 73,065 116,384
Accrued expenses 8,620 3,974
172,680 240,850

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary £1 2,000 2,000

WESTON ALLISON WRIGHT (2022) LIMITED (REGISTERED NUMBER: 06927601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. OTHER FINANCIAL COMMITMENTS

At the year end the company has commitments due as follows:

20232022
££
Within one year15,81921,917
Between one and five years 22,97314,857
38,79236,774

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
J P Hatchard
Balance outstanding at start of year (86,275 ) (50,724 )
Amounts advanced 74,136 65,697
Amounts repaid (60,926 ) (101,248 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (73,065 ) (86,275 )

J K Wright
Balance outstanding at start of year (30,109 ) (22,087 )
Amounts advanced 30,109 64,036
Amounts repaid - (72,058 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (30,109 )

The loans made to the directors were unsecured, interest free and repayable on demand.

11. POST BALANCE SHEET EVENTS

A hive up agreement completed at close of business on 30 June 2023. The trade and assets of the company were transferred to the parent company, Weston Allison Wright Limited, on 1 July 2023.