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REGISTERED NUMBER: 03741435 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WESSINGTON GROUP LIMITED

WESSINGTON GROUP LIMITED (REGISTERED NUMBER: 03741435)






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


WESSINGTON GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr J J Norman
Mr P H Norman





REGISTERED OFFICE: Davidson House
Forbury Square
Reading
Berkshire
RG1 3EU





REGISTERED NUMBER: 03741435 (England and Wales)





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA

WESSINGTON GROUP LIMITED (REGISTERED NUMBER: 03741435)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 499
Investments 5 30,769 30,769
30,769 31,268

CURRENT ASSETS
Stocks 1,247,174 1,206,396
Debtors 6 2,881,361 3,392,136
Cash at bank 665,099 153,440
4,793,634 4,751,972
CREDITORS
Amounts falling due within one year 7 2,626,117 2,489,183
NET CURRENT ASSETS 2,167,517 2,262,789
TOTAL ASSETS LESS CURRENT LIABILITIES 2,198,286 2,294,057

CREDITORS
Amounts falling due after more than one
year

8

606,207

775,000
NET ASSETS 1,592,079 1,519,057

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,591,979 1,518,957
1,592,079 1,519,057

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 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.

WESSINGTON GROUP LIMITED (REGISTERED NUMBER: 03741435)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mr J J Norman - Director


WESSINGTON GROUP LIMITED (REGISTERED NUMBER: 03741435)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Wessington Group 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. 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.

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 etc - at varying rates 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 Statement of Income and Retained Earnings, 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.

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 8 (2022 - 7 ) .

WESSINGTON GROUP LIMITED (REGISTERED NUMBER: 03741435)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,600 20,687 23,287
DEPRECIATION
At 1 January 2023 2,600 20,188 22,788
Charge for year - 499 499
At 31 December 2023 2,600 20,687 23,287
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - 499 499

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 30,769
NET BOOK VALUE
At 31 December 2023 30,769
At 31 December 2022 30,769

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 2,844,972 3,174,928
Other debtors 36,389 217,208
2,881,361 3,392,136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 411,720
Trade creditors 2,375,188 1,706,889
Taxation and social security 95,929 96,591
Other creditors 155,000 273,983
2,626,117 2,489,183

WESSINGTON GROUP LIMITED (REGISTERED NUMBER: 03741435)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 205,000 265,000
Other creditors 401,207 510,000
606,207 775,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/12/23 31/12/22
£    £   
Mr J J Norman
Balance outstanding at start of year 345,914 247,282
Amounts advanced - 98,632
Amounts repaid (98,632 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 247,282 345,914

Mr P H Norman
Balance outstanding at start of year 438,069 244,646
Amounts advanced - 193,423
Amounts repaid (134,144 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 303,925 438,069