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Registered Number: 05646203
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

WESSEX CONTROLS LTD

Directors Mr A E Stevenson
Mr B W Smith
Registered Number 05646203
Registered Office 1 The Garth
Dibden Purlieu
Southampton
SO45 4AB
Accountants Numeric Accounting Limited
Chartered Certified Accountants
Suite 1, The Portway Centre,
Old Sarum Park, Old Sarum
Salisbury
SP4 6EB
Secretary Ms P C Carter
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3   5,406 
  5,406 
Current assets      
Debtors 4   36,612 
Cash at bank and in hand 36,177    76,580 
36,177    113,192 
Creditors: amount falling due within one year 5 (14,408)   (31,308)
Net current assets 21,769    81,884 
 
Total assets less current liabilities 21,769    87,290 
Provisions for liabilities 6   (1,270)
Net assets 21,769    86,020 
 

Capital and reserves
     
Called up share capital 7 200    200 
Profit and loss account 21,569    85,820 
Shareholder's funds 21,769    86,020 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 April 2024 and were signed on its behalf by:


-------------------------------
Mr A E Stevenson
Director
-------------------------------
Mr B W Smith
Director
2
General Information
Wessex Controls Ltd is a private company, limited by shares, registered in England and Wales, registration number 05646203, registration address 1 The Garth, Dibden Purlieu, Southampton, SO45 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Cost of sales
The cost of sales is the accumulated total of all costs used to create a product or service, which has been sold.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
Deferred taxation
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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Financial instruments
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 7,494    15,901    23,395 
Additions    
Disposals (7,494)   (15,901)   (23,395)
At 31 December 2023    
Depreciation
At 01 January 2023 3,807    14,182    17,989 
Charge for year 922    430    1,352 
On disposals (4,729)   (14,612)   (19,341)
At 31 December 2023    
Net book values
Closing balance as at 31 December 2023    
Opening balance as at 01 January 2023 3,687    1,719    5,406 


4.

Debtors

2023
£
  2022
£
Trade Debtors   34,680 
Prepayments & Accrued Income   1,932 
  36,612 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   5,031 
Corporation Tax 10,153    23,461 
PAYE & Social Security   540 
Pension payable   65 
Accrued Expenses 2,759    2,101 
VAT 1,496    110 
14,408    31,308 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax   1,270 
  1,270 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
200 Ordinary shares of £1.00 each 200    200 
200    200 

8.

Dividend

During the year, total dividends of £102,522 (2022 - £103,200) were paid to the directors.
9.

Events After the Reporting Date

The company will be sold after the year end as a shell containing just a trading license in order to able to continue to trade.
3