Company Registration No. 12655696 (England and Wales)
Welhamgreen Ltd
Unaudited accounts
for the year ended 30 June 2023
Welhamgreen Ltd
Unaudited accounts
Contents
Welhamgreen Ltd
Company Information
for the year ended 30 June 2023
Company Number
12655696 (England and Wales)
Registered Office
Rookery Cafe Great North Road
North Mymms
Hatfield
Hertfordshire
AL9 5SF
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Welhamgreen Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
39,625
32,682
Cash at bank and in hand
2,304
2,705
Creditors: amounts falling due within one year
(17,834)
(11,102)
Net current assets
8,298
3,962
Called up share capital
100
100
Profit and loss account
47,823
36,544
Shareholders' funds
47,923
36,644
For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2024 and were signed on its behalf by
Mr K Kaya
Director
Company Registration No. 12655696
Welhamgreen Ltd
Notes to the Accounts
for the year ended 30 June 2023
Welhamgreen Ltd is a private company, limited by shares, registered in England and Wales, registration number 12655696. The registered office is Rookery Cafe Great North Road, North Mymms, Hatfield, Hertfordshire, AL9 5SF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years - straight line method
Plant & machinery
18% - reducing balance method
Fixtures & fittings
18% - reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Welhamgreen Ltd
Notes to the Accounts
for the year ended 30 June 2023
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
20,000
12,579
5,326
37,905
Additions
2,613
2,796
8,465
13,874
At 30 June 2023
22,613
15,375
13,791
51,779
At 1 July 2022
2,000
2,264
959
5,223
Charge for the year
2,261
2,360
2,310
6,931
At 30 June 2023
4,261
4,624
3,269
12,154
At 30 June 2023
18,352
10,751
10,522
39,625
At 30 June 2022
18,000
10,315
4,367
32,682
Amounts falling due within one year
Accrued income and prepayments
550
-
Other debtors
19,403
7,684
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,865
6,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 5 (2022: 5).