M Welby Ltd Filleted Accounts Cover
M Welby Ltd
Company No. 12358070
Information for Filing with The Registrar
31 December 2023
M Welby Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was Arboristry Services.
Directors
The Directors who served at any time during the year were as follows:
M.A. Welby
S.J. Welby
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M.A. Welby
Director
30 January 2024
M Welby Ltd Balance Sheet Registrar
at
31 December 2023
Company No.
12358070
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
2,0004,000
Tangible assets
5
13,18116,842
15,18120,842
Current assets
Debtors
6
10,0797,260
Cash at bank and in hand
92,09788,783
102,17696,043
Creditors: Amount falling due within one year
7
(46,769)
(41,453)
Net current assets
55,40754,590
Total assets less current liabilities
70,58875,432
Creditors: Amounts falling due after more than one year
8
(3,543)
(7,442)
Net assets
67,04567,990
Capital and reserves
Called up share capital
100100
Profit and loss account
9
66,94567,890
Total equity
67,04567,990
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 30 January 2024
And signed on its behalf by:
M.A. Welby
Director
30 January 2024
M Welby Ltd Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Its registered number is: 12358070
Its registered office is:
Hillview
Froxfield
Petersfield
GU32 1BZ
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
25% Reducing Balance
Furniture, fittings and equipment
33% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 January 2023
10,00010,000
At 31 December 2023
10,00010,000
Amortisation and impairment
At 1 January 2023
6,0006,000
Charge for the year
2,0002,000
At 31 December 2023
8,0008,000
Net book values
At 31 December 2023
2,0002,000
At 31 December 2022
4,0004,000
5
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 January 2023
4,07923,0316,26433,374
Additions
1,099-1,4902,589
At 31 December 2023
5,17823,0317,75435,963
Depreciation
At 1 January 2023
2,9409,7323,86016,532
Charge for the year
1,4613,1281,6616,250
At 31 December 2023
4,40112,8605,52122,782
Net book values
At 31 December 2023
77710,1712,23313,181
At 31 December 2022
1,13913,2992,40416,842
6
Debtors
2023
2022
£
£
Trade debtors
10,0796,276
VAT recoverable
-67
Prepayments and accrued income
-917
10,0797,260
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
-1,871
Corporation tax
36,62729,708
Other taxes and social security
9,7729,471
Loans from directors
369402
Accruals and deferred income
11
46,76941,453
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Obligations under finance lease and hire purchase contracts
3,5437,442
3,5437,442
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
121,366
117,182
121,366
117,182
Dividends by type:
Equity dividends
121,366117,182
121,366
117,182
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