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REGISTERED NUMBER: 07824347 (England and Wales)















Financial Statements for the Year Ended 30 October 2023

for

Webber (NW) Limited

Webber (NW) Limited (Registered number: 07824347)






Contents of the Financial Statements
for the Year Ended 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Webber (NW) Limited

Company Information
for the Year Ended 30 October 2023







DIRECTORS: S Griffin
J Griffin





REGISTERED OFFICE: Unit 3
Kirkby Bank Road
Knowsley Industrial Park
Liverpool
Merseyside
L33 7SY





REGISTERED NUMBER: 07824347 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Webber (NW) Limited (Registered number: 07824347)

Balance Sheet
30 October 2023

30.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,828 144,511

CURRENT ASSETS
Stocks - 24,750
Debtors 5 1,994,103 1,947,519
Cash at bank and in hand 607,935 215,164
2,602,038 2,187,433
CREDITORS
Amounts falling due within one year 6 979,229 673,501
NET CURRENT ASSETS 1,622,809 1,513,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,753,637

1,658,443

CREDITORS
Amounts falling due after more than
one year

7

(172,958

)

(68,217

)

PROVISIONS FOR LIABILITIES (32,260 ) (27,457 )
NET ASSETS 1,548,419 1,562,769

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,548,319 1,562,669
1,548,419 1,562,769

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

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

Webber (NW) Limited (Registered number: 07824347)

Balance Sheet - continued
30 October 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 11 June 2024 and were signed on its behalf by:





S Griffin - Director


Webber (NW) Limited (Registered number: 07824347)

Notes to the Financial Statements
for the Year Ended 30 October 2023

1. STATUTORY INFORMATION

Webber (NW) 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. 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. the difference between the fair value of the consideration and the normal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Webber (NW) Limited (Registered number: 07824347)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

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

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 32 (2022 - 31 ) .

Webber (NW) Limited (Registered number: 07824347)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 October 2022 386,970
Additions 41,798
At 30 October 2023 428,768
DEPRECIATION
At 31 October 2022 242,459
Charge for year 55,481
At 30 October 2023 297,940
NET BOOK VALUE
At 30 October 2023 130,828
At 30 October 2022 144,511

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 31 October 2022 177,744
Transfer to ownership (17,000 )
At 30 October 2023 160,744
DEPRECIATION
At 31 October 2022 41,193
Charge for year 35,062
Transfer to ownership (8,146 )
At 30 October 2023 68,109
NET BOOK VALUE
At 30 October 2023 92,635
At 30 October 2022 136,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Trade debtors 831,090 555,791
Other debtors 1,163,013 1,391,728
1,994,103 1,947,519

Webber (NW) Limited (Registered number: 07824347)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans and overdrafts 17,742 -
Hire purchase contracts 44,250 48,333
Trade creditors 496,273 572,097
Taxation and social security 173,458 -
Other creditors 247,506 53,071
979,229 673,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.10.23 30.10.22
£    £   
Bank loans 127,710 -
Hire purchase contracts 45,248 68,217
172,958 68,217

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 56,742 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.10.23 30.10.22
£    £   
Hire purchase contracts 89,498 116,550

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S Griffin, a director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 30th October 2023 is £115,963 (2022 £101,155) owing from S Griffin. The loan is repayable on demand and includes interest at 2% and 2.25%.

J Griffin, a director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 30th October 2023 is £110,223 (2022 £95,392) owing from J Griffin. The loan is repayable on demand and includes interest at 2% and 2.25%.

10. RELATED PARTY DISCLOSURES

Included in other debtors at 30th October 2023 is £540,905 owed from related parties under common control. The loans are repayable on demand and interest free.

Included in other creditors at 30th October 2023 is £39,836 owed to a related party under common control. The loan is repayable on demand and interest free.