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REGISTERED NUMBER: 00892102 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Webster-Wilkinson Limited

Webster-Wilkinson Limited (Registered number: 00892102)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Webster-Wilkinson Limited (Registered number: 00892102)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,046 124,933
Tangible assets 5 330,938 367,689
Investments 6 25,000 25,000
455,984 517,622

CURRENT ASSETS
Stocks 672,142 651,946
Debtors 7 417,873 604,128
Cash at bank and in hand 180,560 258,072
1,270,575 1,514,146
CREDITORS
Amounts falling due within one year 8 835,432 1,127,184
NET CURRENT ASSETS 435,143 386,962
TOTAL ASSETS LESS CURRENT LIABILITIES 891,127 904,584

CREDITORS
Amounts falling due after more than one year 9 (175,844 ) (282,906 )

PROVISIONS FOR LIABILITIES (78,038 ) (64,395 )
NET ASSETS 637,245 557,283

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 6,000 6,000
Retained earnings 621,245 541,283
SHAREHOLDERS' FUNDS 637,245 557,283

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

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

Webster-Wilkinson Limited (Registered number: 00892102)

Balance Sheet - continued
31 December 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





Mr T Greenfield - Director


Webster-Wilkinson Limited (Registered number: 00892102)

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

1. STATUTORY INFORMATION

Webster-Wilkinson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00892102

Registered office: Unit A Halesfield 10
Telford
Shropshire
TF7 4QP

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 20% on cost
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.


Webster-Wilkinson Limited (Registered number: 00892102)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 248,866
AMORTISATION
At 1 January 2023 123,933
Amortisation for year 24,887
At 31 December 2023 148,820
NET BOOK VALUE
At 31 December 2023 100,046
At 31 December 2022 124,933

Webster-Wilkinson Limited (Registered number: 00892102)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 64,914 1,686,307 148,311 52,141 1,951,673
Additions - 7,885 5,544 - 13,429
At 31 December 2023 64,914 1,694,192 153,855 52,141 1,965,102
DEPRECIATION
At 1 January 2023 64,914 1,347,965 133,483 37,622 1,583,984
Charge for year - 42,474 4,076 3,630 50,180
At 31 December 2023 64,914 1,390,439 137,559 41,252 1,634,164
NET BOOK VALUE
At 31 December 2023 - 303,753 16,296 10,889 330,938
At 31 December 2022 - 338,342 14,828 14,519 367,689

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 372,000
DEPRECIATION
At 1 January 2023 100,812
Charge for year 27,119
At 31 December 2023 127,931
NET BOOK VALUE
At 31 December 2023 244,069
At 31 December 2022 271,188

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 25,000
At 31 December 2022 25,000

Webster-Wilkinson Limited (Registered number: 00892102)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 256,443 325,599
Amounts owed by group undertakings 160,390 182,110
Other debtors 1,040 96,419
417,873 604,128

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 59,815 59,815
Trade creditors 404,158 521,464
Taxation and social security 50,361 83,153
Other creditors 271,098 412,752
835,432 1,127,184

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 86,122 133,369
Hire purchase contracts 89,722 149,537
175,844 282,906

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 136,122 183,369
Hire purchase contracts 149,537 209,352
285,659 392,721

Hire purchase creditors are secured on the related fixed assets.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mageeka Services Limited.