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Registered number: 04734744
Wightman Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04734744
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,299 21,575
Investments 5 1,500 1,500
20,799 23,075
CURRENT ASSETS
Debtors 6 9,584 39,563
Cash at bank and in hand 87,804 74,672
97,388 114,235
Creditors: Amounts Falling Due Within One Year 7 (63,307 ) (74,274 )
NET CURRENT ASSETS (LIABILITIES) 34,081 39,961
TOTAL ASSETS LESS CURRENT LIABILITIES 54,880 63,036
Creditors: Amounts Falling Due After More Than One Year 8 (11,369 ) (21,594 )
NET ASSETS 43,511 41,442
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account 43,401 41,332
SHAREHOLDERS' FUNDS 43,511 41,442
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Wightman
Director
25/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wightman Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04734744 . The registered office is Birks Farm, New Hutton, Kendal, Cumbria, LA8 0AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Reducing balance
Computer Equipment 33% Straight line
2.4. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: )
6 -
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 72,172 51,178 15,222 138,572
Additions 2,318 - 2,550 4,868
As at 31 May 2024 74,490 51,178 17,772 143,440
Depreciation
As at 1 June 2023 71,067 31,626 14,304 116,997
Provided during the period 948 4,889 1,307 7,144
As at 31 May 2024 72,015 36,515 15,611 124,141
Net Book Value
As at 31 May 2024 2,475 14,663 2,161 19,299
As at 1 June 2023 1,105 19,552 918 21,575
5. Investments
Unlisted
£
Cost
As at 1 June 2023 1,500
As at 31 May 2024 1,500
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 1,500
As at 1 June 2023 1,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,584 37,143
Other debtors - 2,420
9,584 39,563
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,303 23,962
Bank loans and overdrafts 10,225 9,973
Other creditors 6,775 10,787
Taxation and social security 28,004 29,552
63,307 74,274
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,369 21,594
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
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