Company Registration No. 08037210 (England and Wales)
B M Wells Upholstery Limited
Unaudited accounts
for the year ended 31 December 2023
B M Wells Upholstery Limited
Unaudited accounts
Contents
B M Wells Upholstery Limited
Company Information
for the year ended 31 December 2023
Directors
Mr Barrie Well
Mrs Sharon Wells
Company Number
08037210 (England and Wales)
Registered Office
SUSSEX COTTAGE
UPPER BELGRAVE ROAD
SEAFORD
EAST SUSSEX
BN25 3AD
Accountants
Claire Leitch Accounting Services Limited
24 The Heights
Findon Valley
Worthing
West Sussex
BN14 0AJ
B M Wells Upholstery Limited
Statement of financial position
as at 31 December 2023
Tangible assets
8,834
11,017
Cash at bank and in hand
126,095
129,786
Creditors: amounts falling due within one year
(24,903)
(20,166)
Net current assets
101,192
109,620
Net assets
110,026
120,637
Called up share capital
10
10
Profit and loss account
110,016
120,627
Shareholders' funds
110,026
120,637
For the year ending 31 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by
Mr Barrie Well
Director
Company Registration No. 08037210
B M Wells Upholstery Limited
Notes to the Accounts
for the year ended 31 December 2023
B M Wells Upholstery Limited is a private company, limited by shares, registered in England and Wales, registration number 08037210. The registered office is SUSSEX COTTAGE, UPPER BELGRAVE ROAD, SEAFORD, EAST SUSSEX, BN25 3AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
11,728
28,472
2,123
42,323
At 31 December 2023
11,728
28,472
2,123
42,323
At 1 January 2023
11,728
18,466
1,112
31,306
Charge for the year
-
1,801
382
2,183
At 31 December 2023
11,728
20,267
1,494
33,489
At 31 December 2023
-
8,205
629
8,834
At 31 December 2022
-
10,006
1,011
11,017
B M Wells Upholstery Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
482
Trade creditors
6,254
3,484
Taxes and social security
5,033
4,140
Loans from directors
12,393
9,326
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).