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COMPANY REGISTRATION NUMBER: 03372071
W J Roberts Ltd
Filleted Unaudited Abridged Financial Statements
28 February 2024
W J Roberts Ltd
Abridged Statement of Financial Position
28 February 2024
28 Feb 24
31 May 23
Note
£
£
£
Fixed assets
Tangible assets
5
1,831
Current assets
Cash at bank and in hand
5,521
13,307
Creditors: amounts falling due within one year
13,238
16,503
--------
--------
Net current liabilities
7,717
3,196
-------
-------
Total assets less current liabilities
( 7,717)
( 1,365)
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 7,719)
( 1,367)
-------
-------
Shareholders deficit
( 7,717)
( 1,365)
-------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
W J Roberts Ltd
Abridged Statement of Financial Position (continued)
28 February 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 20 March 2024 , and are signed on behalf of the board by:
Mr W Roberts
Director
Company registration number: 03372071
W J Roberts Ltd
Notes to the Abridged Financial Statements
Period from 1 June 2023 to 28 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 103 Bridgeman Road, Radford, Coventry, CV6 1NS.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicle
-
25% reducing balance
Equipment
-
15% reducing balance
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. Tangible assets
£
Cost
At 1 June 2023 and 28 February 2024
24,235
--------
Depreciation
At 1 June 2023
22,404
Charge for the period
1,831
--------
At 28 February 2024
24,235
--------
Carrying amount
At 28 February 2024
--------
At 31 May 2023
1,831
--------
6. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
28 Feb 24
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr W Roberts
( 15,237)
2,899
( 12,338)
--------
-------
--------
31 May 23
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr W Roberts
( 20,543)
5,306
( 15,237)
--------
-------
--------
7. Related party transactions
The company was under the control of Mr Roberts throughout the current and previous year. Mr Roberts is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.