REGISTERED NUMBER: 00089024 (England and Wales)

Financial Statements for the Year Ended 31 July 2023

for

Weston Shipley & Weston Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J B Berry

SECRETARY:

Mrs N S Berry

REGISTERED OFFICE:

Unit 19

308A Melton Road

Leicester

Leicestershire

LE4 7SL

REGISTERED NUMBER:

00089024 (England and Wales)

ACCOUNTANTS:

Blythe Phillips & Co.

8/9 Earls Way

Halesowen

West Midlands

B63 3HR

FIXED ASSETS

Tangible assets

4

350,182

350,182

CURRENT ASSETS

Stocks

27,569

15,559

Debtors

5

16,650

32,154

Prepayments and accrued income

774

-

Cash at bank

40,993

53,355

85,986

101,068

CREDITORS

Amounts falling due within one year

6

35,144

53,641

NET CURRENT ASSETS

50,842

47,427

TOTAL ASSETS LESS CURRENT LIABILITIES

401,024

397,609

CAPITAL AND RESERVES

Called up share capital

12,000

12,000

Retained earnings

389,024

385,609

SHAREHOLDERS' FUNDS

401,024

397,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 April 2024 and were signed by:

J B Berry - Director

1.	STATUTORY INFORMATION

Weston Shipley & Weston Ltd 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 as modified by the revaluation of certain assets.

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 August 2022

and 31 July 2023

350,182

NET BOOK VALUE

At 31 July 2023

350,182

At 31 July 2022

350,182

Included in cost or valuation of land and buildings is freehold land of £ 350,182 (2022 - £ 350,182 ) which is not depreciated.

Cost or valuation at 31 July 2023 is represented by:

Land and

buildings

£

Valuation in 2017

245,000

Cost

105,182

350,182

If freehold land & buildings had not been revalued they would have been included at the following historical cost:

31.7.23

31.7.22

£

£

Cost

105,182

105,182

Value of land in freehold land and buildings

105,182

105,182

Freehold land & Buildings were valued on an open market basis basis on 31 July 2017 by James Berry. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

16,650

32,154

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans and overdrafts

18,637

23,429

Trade creditors

2,791

2,957

Taxation and social security

2,437

2,603

Other creditors

11,279

24,652

35,144

53,641