Registered number
05142267
Weber & Associates Limited
Filleted Accounts
28 June 2023
Weber & Associates Limited
Registered number: 05142267
Balance Sheet
as at 28 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 639 1,314
Investments 4 44 44
683 1,358
Current assets
Debtors 5 62,864 63,447
Cash at bank and in hand 11,911 6,211
74,775 69,658
Creditors: amounts falling due within one year 6 (26,397) (30,431)
Net current assets 48,378 39,227
Total assets less current liabilities 49,061 40,585
Creditors: amounts falling due after more than one year 7 (31,842) (38,043)
Provisions for liabilities (130) (250)
Net assets 17,089 2,292
Capital and reserves
Called up share capital 10 10
Profit and loss account 17,079 2,282
Shareholder's funds 17,089 2,292
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Ahmed
Director
Approved by the board on 8 March 2024
Weber & Associates Limited
Notes to the Accounts
for the year ended 28 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings improvements 7 years straight line
Fixtures, fittings and equipment 33.33% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Leasehold improvements Fixtures, fittings and equipment Total
£ £ £
Cost
At 29 June 2022 4,526 20,267 24,793
Additions - 165 165
Disposals (4,526) - (4,526)
At 28 June 2023 - 20,432 20,432
Depreciation
At 29 June 2022 4,525 18,954 23,479
Charge for the year 1 839 840
On disposals (4,526) - (4,526)
At 28 June 2023 - 19,793 19,793
Net book value
At 28 June 2023 - 639 639
At 28 June 2022 1 1,313 1,314
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 29 June 2022 44
At 28 June 2023 44
5 Debtors 2023 2022
£ £
Trade debtors 43,539 34,422
Amounts owed by group undertakings and undertakings in which the company has a participating interest 19,325 29,025
62,864 63,447
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,201 6,201
Taxation and social security costs 10,822 13,431
Other creditors 9,374 10,799
26,397 30,431
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,842 38,043
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases - 18,250
9 Related party transactions
As at the balance sheet date, the company owed a sum of £3,094 (2022: £1,770) to the director of the company.
10 Controlling party
Mr S. Ahmed a director of the company, controls the company as a result of controlling, directly or indirectly, 100 per cent of the issued share capital of the company.
11 Other information
Weber & Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 St John's Lane
London
EC1M 4BH
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