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REGISTERED NUMBER: 07061770 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Weir IT Services Limited

Weir IT Services Limited (Registered number: 07061770)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weir IT Services Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr S Weir
Mrs K Weir





REGISTERED OFFICE: 55 Carisbrooke Crescent
Bishop Auckland
Durham
DL14 0RW





REGISTERED NUMBER: 07061770 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Weir IT Services Limited (Registered number: 07061770)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,937 6,964
Investments 5 2,000 -
9,937 6,964

CURRENT ASSETS
Debtors 6 10,532 2,164
Cash at bank 115,679 106,638
126,211 108,802
CREDITORS
Amounts falling due within one year 7 28,519 29,358
NET CURRENT ASSETS 97,692 79,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,629

86,408

PROVISIONS FOR LIABILITIES 1,508 1,323
NET ASSETS 106,121 85,085

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 106,111 85,075
SHAREHOLDERS' FUNDS 106,121 85,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Weir IT Services Limited (Registered number: 07061770)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





Mr S Weir - Director


Weir IT Services Limited (Registered number: 07061770)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Weir IT Services Limited 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.
Plant and machinery etc - 25% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Weir IT Services Limited (Registered number: 07061770)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 24,327
Additions 6,915
Disposals (2,153 )
At 31 October 2023 29,089
DEPRECIATION
At 1 November 2022 17,363
Charge for year 4,507
Eliminated on disposal (718 )
At 31 October 2023 21,152
NET BOOK VALUE
At 31 October 2023 7,937
At 31 October 2022 6,964

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 2,000
At 31 October 2023 2,000
NET BOOK VALUE
At 31 October 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,319 2,064
Other debtors 213 100
10,532 2,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 28,074 24,908
Other creditors 445 4,450
28,519 29,358