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REGISTERED NUMBER: 11775005 (England and Wales)















Weeks Eng Ltd

Unaudited Financial Statements for the Year Ended 31 January 2024






Weeks Eng Ltd (Registered number: 11775005)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weeks Eng Ltd

Company Information
for the year ended 31 January 2024







DIRECTOR: IC Weeks





REGISTERED OFFICE: 106 St Cuthberts Avenue
Wells
Somerset
BA5 2JS





REGISTERED NUMBER: 11775005 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Weeks Eng Ltd (Registered number: 11775005)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 224,794 133,036

CURRENT ASSETS
Stocks 16,600 2,693
Debtors 4 246,649 305,935
Cash at bank and in hand 2,336 14,897
265,585 323,525
CREDITORS
Amounts falling due within one year 5 230,951 167,235
NET CURRENT ASSETS 34,634 156,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,428

289,326

CREDITORS
Amounts falling due after more than one
year

6

(8,000

)

(14,000

)

PROVISIONS FOR LIABILITIES (26,442 ) (16,826 )
NET ASSETS 224,986 258,500

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 224,886 258,400
SHAREHOLDERS' FUNDS 224,986 258,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Weeks Eng Ltd (Registered number: 11775005)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





IC Weeks - Director


Weeks Eng Ltd (Registered number: 11775005)

Notes to the Financial Statements
for the year ended 31 January 2024

1. 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 January 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 February 2022.

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.
Freehold property - 10% on cost
Plant and machinery - 33% on cost and 10% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss Account, 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.

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.

Weeks Eng Ltd (Registered number: 11775005)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023 49,152 66,508 78,017 193,677
Additions 88,443 42,928 6,200 137,571
At 31 January 2024 137,595 109,436 84,217 331,248
DEPRECIATION
At 1 February 2023 6,922 15,846 37,873 60,641
Charge for year 13,759 11,838 20,216 45,813
At 31 January 2024 20,681 27,684 58,089 106,454
NET BOOK VALUE
At 31 January 2024 116,914 81,752 26,128 224,794
At 31 January 2023 42,230 50,662 40,144 133,036

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 240,745 295,356
Other debtors 5,904 10,579
246,649 305,935

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 4,267 2,218
Taxation and social security 98,628 119,479
Other creditors 122,056 39,538
230,951 167,235

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,000 14,000

Weeks Eng Ltd (Registered number: 11775005)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
88 Ordinary £1 88 88
10 Ordinary A £1 10 10
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
100 100

8. FIRST YEAR ADOPTION

1 - Deferred taxation

Deferred taxation was not previously recognised under FRS105, however under FRS102 deferred taxation is required to be recognised in respect of all timing differences.
Consequently a provision of deferred taxation has been recognised at 01 February 2023 amounting to £11,515 with a further provision at 31 Janaury 2023 of £5,311.
The effect of this on the year ended 31 Janaury 2023 is a reduction in profits of £16,826.