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REGISTERED NUMBER: 07840256 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

WESCO Systems Ltd

WESCO Systems Ltd (Registered number: 07840256)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESCO Systems Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr B Wallis
Mrs M S Wallis
Mr W D J Wallis





REGISTERED OFFICE: Lennox House
3 Pierrepont Street
Bath
Somerset
BA1 1LB





REGISTERED NUMBER: 07840256 (England and Wales)

WESCO Systems Ltd (Registered number: 07840256)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,814 80,835

CURRENT ASSETS
Stocks 5,950 5,950
Debtors 5 142,937 210,678
Cash at bank 363,548 285,216
512,435 501,844
CREDITORS
Amounts falling due within one year 6 158,883 225,124
NET CURRENT ASSETS 353,552 276,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,366

357,555

CREDITORS
Amounts falling due after more than one
year

7

(824

)

(9,830

)

PROVISIONS FOR LIABILITIES (18,704 ) (15,396 )
NET ASSETS 408,838 332,329

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 408,728 332,219
SHAREHOLDERS' FUNDS 408,838 332,329

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

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

The directors acknowledge their 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.

WESCO Systems Ltd (Registered number: 07840256)

Balance Sheet - continued
30 November 2023


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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:




Mr B Wallis - Director



Mrs M S Wallis - Director


WESCO Systems Ltd (Registered number: 07840256)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

WESCO Systems Ltd 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.
Motor vehicles - 25% on straight line basis

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

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 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2022 139,929
Additions 30,900
Disposals (12,500 )
At 30 November 2023 158,329
DEPRECIATION
At 1 December 2022 59,094
Charge for year 29,629
Eliminated on disposal (5,208 )
At 30 November 2023 83,515
NET BOOK VALUE
At 30 November 2023 74,814
At 30 November 2022 80,835

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,908 125,649
Prepayments and accrued income 69,029 85,029
142,937 210,678

WESCO Systems Ltd (Registered number: 07840256)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,944 13,659
Trade creditors 41,139 60,169
Tax 31,738 38,132
Social security and other taxes 10,389 7,510
Pension Fund 1,787 1,281
VAT 58,443 94,086
Other creditors - 344
Directors' current accounts 5,093 4,443
Accruals and deferred income 5,350 5,500
158,883 225,124

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 824 9,830