IRIS Accounts Production v23.4.0.336 10766415 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107664152023-02-28107664152024-02-29107664152023-03-012024-02-29107664152022-02-28107664152022-03-012023-02-28107664152023-02-2810766415ns15:EnglandWales2023-03-012024-02-2910766415ns14:PoundSterling2023-03-012024-02-2910766415ns10:Director12023-03-012024-02-2910766415ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910766415ns10:SmallEntities2023-03-012024-02-2910766415ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910766415ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910766415ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910766415ns10:FullAccounts2023-03-012024-02-2910766415ns10:OrdinaryShareClass12023-03-012024-02-2910766415ns10:RegisteredOffice2023-03-012024-02-2910766415ns5:CurrentFinancialInstruments2024-02-2910766415ns5:CurrentFinancialInstruments2023-02-2810766415ns5:Non-currentFinancialInstruments2024-02-2910766415ns5:Non-currentFinancialInstruments2023-02-2810766415ns5:ShareCapital2024-02-2910766415ns5:ShareCapital2023-02-2810766415ns5:RetainedEarningsAccumulatedLosses2024-02-2910766415ns5:RetainedEarningsAccumulatedLosses2023-02-2810766415ns5:FurnitureFittings2023-03-012024-02-2910766415ns5:MotorVehicles2023-03-012024-02-2910766415ns5:ComputerEquipment2023-03-012024-02-2910766415ns5:FurnitureFittings2023-02-2810766415ns5:MotorVehicles2023-02-2810766415ns5:ComputerEquipment2023-02-2810766415ns5:FurnitureFittings2024-02-2910766415ns5:MotorVehicles2024-02-2910766415ns5:ComputerEquipment2024-02-2910766415ns5:FurnitureFittings2023-02-2810766415ns5:MotorVehicles2023-02-2810766415ns5:ComputerEquipment2023-02-2810766415ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910766415ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810766415ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 10766415 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Weba Electrical Contractors Limited

Weba Electrical Contractors Limited (Registered number: 10766415)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weba Electrical Contractors Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J J Webb





REGISTERED OFFICE: Unit 1, New Close
Baillie Gate Industrial Estate
Sturminster Marshall
Dorset
BH21 4DB





REGISTERED NUMBER: 10766415 (England and Wales)





ACCOUNTANTS: Simon Scott Accounts
17 Donnelly Road
Bournemouth
Dorset
BH6 5NW

Weba Electrical Contractors Limited (Registered number: 10766415)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,622 105,355

CURRENT ASSETS
Stocks 91,047 117,890
Debtors 5 280,244 50,259
Cash at bank 216 23,702
371,507 191,851
CREDITORS
Amounts falling due within one year 6 232,103 115,549
NET CURRENT ASSETS 139,404 76,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,026

181,657

CREDITORS
Amounts falling due after more than
one year

7

94,509

121,397
NET ASSETS 120,517 60,260

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 120,417 60,160
SHAREHOLDERS' FUNDS 120,517 60,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Weba Electrical Contractors Limited (Registered number: 10766415)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





J J Webb - Director


Weba Electrical Contractors Limited (Registered number: 10766415)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Weba Electrical Contractors 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.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Weba Electrical Contractors Limited (Registered number: 10766415)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 6,496 129,749 9,589 145,834
Disposals (3,083 ) - - (3,083 )
At 29 February 2024 3,413 129,749 9,589 142,751
DEPRECIATION
At 1 March 2023 974 34,966 4,539 40,479
Charge for year 435 23,696 2,981 27,112
Eliminated on disposal (462 ) - - (462 )
At 29 February 2024 947 58,662 7,520 67,129
NET BOOK VALUE
At 29 February 2024 2,466 71,087 2,069 75,622
At 28 February 2023 5,522 94,783 5,050 105,355

Weba Electrical Contractors Limited (Registered number: 10766415)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 250,687 32,940
Other debtors 29,557 17,319
280,244 50,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 21,887 21,886
Trade creditors 133,436 71,633
Taxation and social security 46,444 5,570
Other creditors 25,336 11,460
232,103 115,549

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 11,250 16,250
Hire purchase contracts 83,259 105,147
94,509 121,397

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100