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REGISTERED NUMBER: 08597625 (England and Wales)















J E Webber Construction Limited

Abridged Unaudited Financial Statements

for the Year Ended 29 February 2024






J E Webber Construction Limited (Registered number: 08597625)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


J E Webber Construction Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J E Webber
Mrs S L Webber



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 08597625 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY

J E Webber Construction Limited (Registered number: 08597625)

Abridged Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 23,613 31,483
Investments 6 100 100
23,713 31,583

CURRENT ASSETS
Stocks 486,833 384,501
Debtors 30,532 31,951
517,365 416,452
CREDITORS
Amounts falling due within one year 306,473 307,342
NET CURRENT ASSETS 210,892 109,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,605

140,693

CREDITORS
Amounts falling due after more than one year (34,287 ) (47,844 )

PROVISIONS FOR LIABILITIES (1,403 ) (5,982 )
NET ASSETS 198,915 86,867

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 198,715 86,667
SHAREHOLDERS' FUNDS 198,915 86,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

J E Webber Construction Limited (Registered number: 08597625)

Abridged Statement of Financial Position - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

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





J E Webber - Director


J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

J E Webber Construction 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about J E Webber Construction Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 29 February 2024 49,875
DEPRECIATION
At 1 March 2023 18,392
Charge for year 7,870
At 29 February 2024 26,262
NET BOOK VALUE
At 29 February 2024 23,613
At 28 February 2023 31,483

J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 March 2023
and 29 February 2024 32,000
DEPRECIATION
At 1 March 2023 8,000
Charge for year 6,000
At 29 February 2024 14,000
NET BOOK VALUE
At 29 February 2024 18,000
At 28 February 2023 24,000

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2023
and 29 February 2024 100
NET BOOK VALUE
At 29 February 2024 100
At 28 February 2023 100

7. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 23,333 -
Hire purchase contracts and finance leases 24,511 29,818
Other Loans - 83,333
47,844 113,151

The finance lease agreement is secured against the asset to which it relates.

NIL (2023 £50,000) via a legal charge over Lakers Rise, Staple Lane, West Quantoxhead, Taunton. The remaining £23,333 (2023 £33,333) relates to a government secured bounce back loan.

J E Webber Construction Limited (Registered number: 08597625)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. ULTIMATE CONTROLLING PARTY

The controlling party is J E Webber.