Registered number
08345841
WETROCKNRIDE LTD
Filleted Accounts
31 December 2023
WETROCKNRIDE LTD
Registered number: 08345841
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,529 10,660
Current assets
Stocks 46,291 73,211
Debtors 4 1,774 1,774
Cash at bank and in hand 4,055 21,346
52,120 96,331
Creditors: amounts falling due within one year 5 (22,606) (39,901)
Net current assets 29,514 56,430
Total assets less current liabilities 38,043 67,090
Creditors: amounts falling due after more than one year 6 (48,927) (63,952)
Net (liabilities)/assets (10,884) 3,138
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,984) 3,038
Shareholders' funds (10,884) 3,138
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Manuel
Director
Approved by the board on 28 February 2024
WETROCKNRIDE LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 6,798 17,216 24,014
At 31 December 2023 6,798 17,216 24,014
Depreciation
At 1 January 2023 4,953 8,401 13,354
Charge for the year 368 1,763 2,131
At 31 December 2023 5,321 10,164 15,485
Net book value
At 31 December 2023 1,477 7,052 8,529
At 31 December 2022 1,845 8,815 10,660
4 Debtors 2023 2022
£ £
Other debtors 1,774 1,774
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,409 -
Obligations under finance lease and hire purchase contracts - 1,413
Trade creditors (1,095) (691)
Taxation and social security costs 4,201 6,531
Other creditors 18,091 32,648
22,606 39,901
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 48,927 63,952
7 Other information
WETROCKNRIDE LTD is a private company limited by shares and incorporated in England. Its registered office is:
39b York Road
Hartlepool
TS26 8AH
WETROCKNRIDE LTD 08345841 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts October 2023 release 2 P J Manuel No description of principal activity 08345841 2022-01-01 2022-12-31 08345841 core:WithinOneYear 2022-12-31 08345841 core:AfterOneYear 2022-12-31 08345841 core:ShareCapital 2022-12-31 08345841 core:RetainedEarningsAccumulatedLosses 2022-12-31 08345841 2023-01-01 2023-12-31 08345841 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08345841 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08345841 bus:Director40 2023-01-01 2023-12-31 08345841 1 2023-01-01 2023-12-31 08345841 2 2023-01-01 2023-12-31 08345841 core:PlantMachinery 2023-01-01 2023-12-31 08345841 core:Vehicles 2023-01-01 2023-12-31 08345841 countries:England 2023-01-01 2023-12-31 08345841 bus:FRS102 2023-01-01 2023-12-31 08345841 bus:FullAccounts 2023-01-01 2023-12-31 08345841 2023-12-31 08345841 core:WithinOneYear 2023-12-31 08345841 core:AfterOneYear 2023-12-31 08345841 core:ShareCapital 2023-12-31 08345841 core:RetainedEarningsAccumulatedLosses 2023-12-31 08345841 core:PlantMachinery 2023-12-31 08345841 core:Vehicles 2023-12-31 08345841 2022-12-31 08345841 core:PlantMachinery 2022-12-31 08345841 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure