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REGISTERED NUMBER: 03929060 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29TH FEBRUARY 2024

FOR

WELBOURNS OF WISBECH LTD

WELBOURNS OF WISBECH LTD (REGISTERED NUMBER: 03929060)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


WELBOURNS OF WISBECH LTD (REGISTERED NUMBER: 03929060)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 646,961 659,466

CURRENT ASSETS
Stocks 63,436 74,312
Debtors 5 343,145 309,754
Cash at bank 189 14,799
406,770 398,865
CREDITORS
Amounts falling due within one year 6 344,646 408,503
NET CURRENT ASSETS/(LIABILITIES) 62,124 (9,638 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,085

649,828

CREDITORS
Amounts falling due after more than one year 7 (26,933 ) (23,333 )

PROVISIONS FOR LIABILITIES (142,743 ) (113,068 )
NET ASSETS 539,409 513,427

CAPITAL AND RESERVES
Called up share capital 300 201
Retained earnings 539,109 513,226
SHAREHOLDERS' FUNDS 539,409 513,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

WELBOURNS OF WISBECH LTD (REGISTERED NUMBER: 03929060)

BALANCE SHEET - continued
29TH FEBRUARY 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 20th August 2024 and were signed on its behalf by:





Mr C E J Welbourn - Director


WELBOURNS OF WISBECH LTD (REGISTERED NUMBER: 03929060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Welbourns of Wisbech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03929060

Registered office: 3 New Bridge Lane
Wisbech
Cambridgeshire
PE14 0SE

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 - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 15 ) .

WELBOURNS OF WISBECH LTD (REGISTERED NUMBER: 03929060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 1,883,929
Additions 287,272
Disposals (530,383 )
At 29th February 2024 1,640,818
DEPRECIATION
At 1st March 2023 1,224,463
Charge for year 120,672
Eliminated on disposal (351,278 )
At 29th February 2024 993,857
NET BOOK VALUE
At 29th February 2024 646,961
At 28th February 2023 659,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 334,395 293,744
Prepayments 8,750 16,010
343,145 309,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,137 10,000
Hire purchase contracts 9,600 -
Trade creditors 200,686 297,963
Tax 45,897 -
Social security and other taxes 6,052 7,258
VAT 25,904 4,946
Pension Creditor 534 308
Directors' loan accounts 13,336 84,478
Accrued expenses 3,500 3,550
344,646 408,503

WELBOURNS OF WISBECH LTD (REGISTERED NUMBER: 03929060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 13,600 -
26,933 23,333