Registered number
NI674942
Wee Power Limited
Filleted Accounts
31 December 2023
Wee Power Limited
Registered number: NI674942
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 61,964 66,985
Tangible assets 4 23,196 27,483
85,160 94,468
Current assets
Debtors 5 630 10,398
Cash at bank and in hand 23,669 12,199
24,299 22,597
Creditors: amounts falling due within one year 6 (55,536) (60,718)
Net current liabilities (31,237) (38,121)
Net assets 53,923 56,347
Capital and reserves
Called up share capital 4 4
Profit and loss account 53,919 56,343
Shareholders' funds 53,923 56,347
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jonathan Taylor
Director
Approved by the board on 10 July 2024
Wee Power Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 22 22
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 75,320
At 31 December 2023 75,320
Amortisation
At 1 January 2023 8,335
Provided during the year 5,021
At 31 December 2023 13,356
Net book value
At 31 December 2023 61,964
At 31 December 2022 66,985
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 - 42,035 5,000 47,035
Additions 5,232 2,722 - 7,954
At 31 December 2023 5,232 44,757 5,000 54,989
Depreciation
At 1 January 2023 - 17,469 2,083 19,552
Charge for the year 320 10,671 1,250 12,241
At 31 December 2023 320 28,140 3,333 31,793
Net book value
At 31 December 2023 4,912 16,617 1,667 23,196
At 31 December 2022 - 24,566 2,917 27,483
5 Debtors 2023 2022
£ £
Trade debtors 630 10,398
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 9,141
Taxation and social security costs 8,731 5,796
Other creditors 46,805 45,781
55,536 60,718
7 Other information
Wee Power Limited is a private company limited by shares and incorporated in England. Its registered office is:
40A Antrim Road
Lurgan
Craigavon
Co. Armagh
BT67 9BW
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