IRIS Accounts Production v24.2.0.383 04440986 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044409862023-03-31044409862024-03-31044409862023-04-012024-03-31044409862022-03-31044409862022-04-012023-03-31044409862023-03-3104440986ns15:EnglandWales2023-04-012024-03-3104440986ns14:PoundSterling2023-04-012024-03-3104440986ns10:Director12023-04-012024-03-3104440986ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104440986ns10:SmallEntities2023-04-012024-03-3104440986ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104440986ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104440986ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104440986ns10:FullAccounts2023-04-012024-03-3104440986ns10:Director22023-04-012024-03-3104440986ns10:CompanySecretary12023-04-012024-03-3104440986ns10:RegisteredOffice2023-04-012024-03-3104440986ns5:CurrentFinancialInstruments2024-03-3104440986ns5:CurrentFinancialInstruments2023-03-3104440986ns5:Non-currentFinancialInstruments2024-03-3104440986ns5:Non-currentFinancialInstruments2023-03-3104440986ns5:ShareCapital2024-03-3104440986ns5:ShareCapital2023-03-3104440986ns5:RetainedEarningsAccumulatedLosses2024-03-3104440986ns5:RetainedEarningsAccumulatedLosses2023-03-3104440986ns5:PlantMachinery2023-04-012024-03-310444098612023-04-012024-03-310444098622023-04-012024-03-3104440986ns5:PlantMachinery2023-03-3104440986ns5:PlantMachinery2024-03-3104440986ns5:PlantMachinery2023-03-3104440986ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104440986ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 04440986 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Weller Designs Limited

Weller Designs Limited (Registered number: 04440986)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weller Designs Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Weller
B Weller





SECRETARY: Mrs L Weller





REGISTERED OFFICE: Suite 1
31 Sheephouse
Farnham
Surrey
GU9 8LR





BUSINESS ADDRESS: Unit 5, The Maltings
Farnham
GU9 7DU





REGISTERED NUMBER: 04440986 (England and Wales)





ACCOUNTANTS: Inghams Tax & Accounting Limited
Suite 1
31 Sheephouse
Farnham
Surrey
GU9 8LR

Weller Designs Limited (Registered number: 04440986)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,734 39,518

CURRENT ASSETS
Debtors 5 103,524 67,980
Cash at bank 145,348 185,131
248,872 253,111
CREDITORS
Amounts falling due within one year 6 136,760 83,028
NET CURRENT ASSETS 112,112 170,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,846

209,601

CREDITORS
Amounts falling due after more than one
year

7

(66,827

)

(35,460

)

PROVISIONS FOR LIABILITIES (15,808 ) (9,879 )
NET ASSETS 98,211 164,262

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 98,209 164,260
SHAREHOLDERS' FUNDS 98,211 164,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Weller Designs Limited (Registered number: 04440986)

Balance Sheet - continued
31 March 2024


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 12 September 2024 and were signed on its behalf by:





B Weller - Director


Weller Designs Limited (Registered number: 04440986)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Weller Designs 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 and revenue recognition
Turnover is measured at fair value and comprises revenue derived from the ordinary activities of the business during the year, net of value added tax and where relevant is recognised as contract activity progresses.

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 - 25% on cost and 25% on reducing balance

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.

Basic financial assets
Basic financial assets, which include short term debtors are initially measured at transaction price (which is usually the invoice price) less any impairment losses for bad and doubtful debts. They are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Weller Designs Limited (Registered number: 04440986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Creditors and basic financial instruments
Short term trade 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. Any changes in fair value are recognised in the profit and loss.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the company. All other leases are classified as operating leases.

Assets held under finance leases or hire purchase agreements are recognised initially at the fair value of the asset (or, if lower, the present value of minimum payments) at inception. The corresponding liability is included in the balance sheet as an obligation.

Lease or hire purchase payments are apportioned between finance charges and reduction of the obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

Assets held under hire purchase or finance leases are included in tangible fixed assets and depreciated and assessed for impairment losses in the same way as owned assets.

Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 123,035
Additions 85,607
Disposals (71,990 )
At 31 March 2024 136,652
DEPRECIATION
At 1 April 2023 83,517
Charge for year 26,021
Eliminated on disposal (41,620 )
At 31 March 2024 67,918
NET BOOK VALUE
At 31 March 2024 68,734
At 31 March 2023 39,518

Weller Designs Limited (Registered number: 04440986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 103,049 67,505
Other debtors 475 475
103,524 67,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,171 10,430
Trade creditors 17,300 -
Taxation and social security 56,365 66,495
Other creditors 52,924 6,103
136,760 83,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 66,827 35,460

8. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had no additional capital commitments at the year end, other than for the business premises which are occupied under contract with a one month notice period.