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REGISTERED NUMBER: 13003453 (England and Wales)















WEATHER IT LTD

Unaudited Financial Statements for the Year Ended 31 December 2023






WEATHER IT LTD (REGISTERED NUMBER: 13003453)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEATHER IT LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D P Kinsella





REGISTERED OFFICE: Unit 1-6
Oldbury Road Industrial Estate
Oldbury Road
West Bromwich
West Midlands
B70 9DD





REGISTERED NUMBER: 13003453 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

WEATHER IT LTD (REGISTERED NUMBER: 13003453)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 622 2,575
Tangible assets 5 221,026 14,566
221,648 17,141

CURRENT ASSETS
Stocks 94,862 95,200
Debtors 6 52,863 51,528
Cash at bank 44,076 24,409
191,801 171,137
CREDITORS
Amounts falling due within one year 7 279,439 186,202
NET CURRENT LIABILITIES (87,638 ) (15,065 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,010

2,076

CREDITORS
Amounts falling due after more than one
year

8

(123,752

)

-

PROVISIONS FOR LIABILITIES (8,870 ) (1,024 )
NET ASSETS 1,388 1,052

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,288 952
1,388 1,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

WEATHER IT LTD (REGISTERED NUMBER: 13003453)

Balance Sheet - continued
31 December 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 director and authorised for issue on 22 August 2024 and were signed by:





D P Kinsella - Director


WEATHER IT LTD (REGISTERED NUMBER: 13003453)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Weather It 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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 - 20% on cost
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

WEATHER IT LTD (REGISTERED NUMBER: 13003453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023
and 31 December 2023 5,916
AMORTISATION
At 1 January 2023 3,341
Amortisation for year 1,953
At 31 December 2023 5,294
NET BOOK VALUE
At 31 December 2023 622
At 31 December 2022 2,575

WEATHER IT LTD (REGISTERED NUMBER: 13003453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 3,455 5,417 - 9,144 18,016
Additions 157,595 1,230 57,317 5,848 221,990
At 31 December 2023 161,050 6,647 57,317 14,992 240,006
DEPRECIATION
At 1 January 2023 125 1,702 - 1,623 3,450
Charge for year 1,047 1,815 9,020 3,648 15,530
At 31 December 2023 1,172 3,517 9,020 5,271 18,980
NET BOOK VALUE
At 31 December 2023 159,878 3,130 48,297 9,721 221,026
At 31 December 2022 3,330 3,715 - 7,521 14,566

The net book value of tangible fixed assets includes £ 195,297 in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,429 42,188
Directors' current accounts 3,732 -
Prepayments 2,702 9,340
52,863 51,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 37,265 -
Trade creditors 137,340 142,820
Social security and other taxes 7,191 15,650
VAT 1,224 15,496
Other creditors 166 196
Directors' current accounts - 5,690
Accruals and deferred income 96,253 6,350
279,439 186,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 123,752 -

WEATHER IT LTD (REGISTERED NUMBER: 13003453)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
D P Kinsella
Balance outstanding at start of year (5,690 ) 3,266
Amounts advanced 9,422 45,691
Amounts repaid - (54,647 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,732 (5,690 )