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REGISTERED NUMBER: 00890555 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WEIGHTWASH LIMITED

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEIGHTWASH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S Barker
Mr P A Boba





REGISTERED OFFICE: First Avenue
Millbrook
Southampton
Hampshire
SO15 0LJ





REGISTERED NUMBER: 00890555 (England and Wales)






WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 152,255 95,573

CURRENT ASSETS
Debtors 6 429,141 536,659
Cash at bank and in hand 141,336 100,436
570,477 637,095
CREDITORS
Amounts falling due within one year 7 299,884 246,839
NET CURRENT ASSETS 270,593 390,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

422,848

485,829

CREDITORS
Amounts falling due after more than one
year

8

(39,695

)

(72,445

)

PROVISIONS FOR LIABILITIES (22,629 ) (11,457 )
NET ASSETS 360,524 401,927

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 359,524 400,927
SHAREHOLDERS' FUNDS 360,524 401,927

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.

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr P A Boba - Director


WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Weightwash 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 10% straight line
Motor vehicles - 25% straight line

All fixed assets are initially recorded at cost.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

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 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.

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 556,331 87,998 644,329
Additions 54,069 30,920 84,989
Disposals - (8,720 ) (8,720 )
At 31 December 2023 610,400 110,198 720,598
DEPRECIATION
At 1 January 2023 478,757 69,999 548,756
Charge for year 16,191 12,116 28,307
Eliminated on disposal - (8,720 ) (8,720 )
At 31 December 2023 494,948 73,395 568,343
NET BOOK VALUE
At 31 December 2023 115,452 36,803 152,255
At 31 December 2022 77,574 17,999 95,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 211,631 259,719
Amounts owed by group undertakings 196,273 168,311
Other debtors 21,237 108,629
429,141 536,659

Included in other debtors is £21,237 (2022: £34,643) in respect of prepayments and accrued income.

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 123,508 49,146
Hire purchase contracts 4,262 21,294
Trade creditors 30,910 36,972
Taxation and social security 79,294 104,005
Other creditors 61,910 35,422
299,884 246,839

Included in other creditors is £29,696 (2022: £31,548) in respect of accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 39,695 68,183
Hire purchase contracts - 4,262
39,695 72,445

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 78,479 32,488
Bank loans 84,724 84,841
Hire purchase contracts 4,262 25,556
167,465 142,885

Bank loans are secured by way of a Debenture, including a fixed and floating charge over all assets. Bank overdrafts are secured by a fixed charge on non-vesting debts and a floating charge.

Bank loans include amounts borrowed under the Bounce Back Loan Scheme. The Bounce Back Loan Scheme provides the lender with a government-backed guarantee against 100% of the outstanding facility balance.

Hire purchase contracts are secured over the assets acquired.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr P A Boba
Balance outstanding at start of year 27,562 -
Amounts advanced 3,442 27,562
Amounts repaid (31,004 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 27,562

Mr S Barker
Balance outstanding at start of year 27,568 -
Amounts advanced 3,412 27,568
Amounts repaid (30,980 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 27,568

The loans were unsecured with interest charged at HMRC approved rates.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.