Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-06-01No description of principal activityfalsetruefalse00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10198879 2022-06-01 2023-11-30 10198879 2021-06-01 2022-05-31 10198879 2023-11-30 10198879 2022-05-31 10198879 c:Director1 2022-06-01 2023-11-30 10198879 d:CurrentFinancialInstruments 2023-11-30 10198879 d:CurrentFinancialInstruments 2022-05-31 10198879 d:Non-currentFinancialInstruments 2023-11-30 10198879 d:Non-currentFinancialInstruments 2022-05-31 10198879 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10198879 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10198879 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 10198879 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 10198879 d:ShareCapital 2023-11-30 10198879 d:ShareCapital 2022-05-31 10198879 d:RetainedEarningsAccumulatedLosses 2023-11-30 10198879 d:RetainedEarningsAccumulatedLosses 2022-05-31 10198879 c:FRS102 2022-06-01 2023-11-30 10198879 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-11-30 10198879 c:FullAccounts 2022-06-01 2023-11-30 10198879 c:PrivateLimitedCompanyLtd 2022-06-01 2023-11-30 10198879 6 2022-06-01 2023-11-30 10198879 e:PoundSterling 2022-06-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 10198879










WEYSIDE INDUSTRIAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
WEYSIDE INDUSTRIAL LIMITED
REGISTERED NUMBER: 10198879

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

30 November
31 May
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,021,012
1,021,012

Current assets
  

Debtors: amounts falling due within one year
 5 
98
98

Cash at bank and in hand
  
41,215
7,753

  
41,313
7,851

Creditors: amounts falling due within one year
 6 
(389,280)
(278,486)

Net current liabilities
  
 
 
(347,967)
 
 
(270,635)

Total assets less current liabilities
  
673,045
750,377

Creditors: amounts falling due after more than one year
 7 
(234,608)
(362,028)

  

Net assets
  
438,437
388,349


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
438,337
388,249

  
438,437
388,349


Page 1

 
WEYSIDE INDUSTRIAL LIMITED
REGISTERED NUMBER: 10198879
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






C W J Avens
Director

Date: 30 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WEYSIDE INDUSTRIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

Weyside Industrial Limited (10198879) is a private company limited by shares and incorporated in England & Wales. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
WEYSIDE INDUSTRIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 0 (2022 - 0).


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
1,021,012



At 30 November 2023
1,021,012




Page 4

 
WEYSIDE INDUSTRIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

5.


Debtors

30 November
31 May
2023
2022
£
£


Other debtors
98
98



6.


Creditors: Amounts falling due within one year

30 November
31 May
2023
2022
£
£

Bank loans
85,617
81,486

Other loans
50,008
-

Amounts owed to group undertakings
251,682
197,000

Accruals and deferred income
1,973
-

389,280
278,486



7.


Creditors: Amounts falling due after more than one year

30 November
31 May
2023
2022
£
£

Bank loans
234,608
362,028


The following liabilities were secured:




Details of security provided:

The bank loans are secured by way of a fixed and floating charge over certain of the assets of the Company, and by way of unlimited cross guarantees given by Runfold Plastics Limited, a subsidiary company. The details of these are publicly available at Companies House.

 
Page 5