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REGISTERED NUMBER: 06548523 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

Weyfest Ltd

Weyfest Ltd (Registered number: 06548523)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Weyfest Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A G Edwards
R C Ellmer
C T Webb
S Teague





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 06548523 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Weyfest Ltd (Registered number: 06548523)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,866 4,832

CURRENT ASSETS
Debtors 5 55,343 66,962
Cash at bank and in hand 107,760 42,551
163,103 109,513
CREDITORS
Amounts falling due within one year 6 214,160 142,630
NET CURRENT LIABILITIES (51,057 ) (33,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,191 ) (28,285 )

CREDITORS
Amounts falling due after more than one year 7 17,500 27,500
NET LIABILITIES (64,691 ) (55,785 )

CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Retained earnings (65,695 ) (56,789 )
(64,691 ) (55,785 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 26 July 2024 and were signed on its behalf by:





A G Edwards - Director


Weyfest Ltd (Registered number: 06548523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Weyfest 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.

Turnover
Turnover represents income from event sales, net of value added tax, recognised once an event has taken place.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 1,382 7,000 1,093 9,475
DEPRECIATION
At 1 October 2022 1,222 2,520 901 4,643
Charge for year 32 896 38 966
At 30 September 2023 1,254 3,416 939 5,609
NET BOOK VALUE
At 30 September 2023 128 3,584 154 3,866
At 30 September 2022 160 4,480 192 4,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 2,048 46,958
Other debtors 53,295 20,004
55,343 66,962

Weyfest Ltd (Registered number: 06548523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,958 20,060
Taxation and social security 21,402 6,372
Other creditors 173,800 106,198
214,160 142,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 17,500 27,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
A G Edwards
Balance outstanding at start of year 5,000 -
Amounts advanced 7,135 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,135 5,000

R C Ellmer
Balance outstanding at start of year 5,000 -
Amounts advanced 7,135 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,135 5,000

C T Webb
Balance outstanding at start of year 5,000 -
Amounts advanced 5,517 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,517 5,000

S Teague
Balance outstanding at start of year 5,004 -
Amounts advanced 56 5,004
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,060 5,004