Registered number
08399630
Weatherfast Limited
Filleted Accounts
31 January 2024
Weatherfast Limited
Registered number: 08399630
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 843 1,686
Tangible assets 4 301,821 134,248
302,664 135,934
Current assets
Stocks 958,000 1,156,306
Debtors 5 797,426 768,857
Cash at bank and in hand 877,791 559,151
2,633,217 2,484,314
Creditors: amounts falling due within one year 6 (1,192,529) (1,222,507)
Net current assets 1,440,688 1,261,807
Total assets less current liabilities 1,743,352 1,397,741
Creditors: amounts falling due after more than one year 7 (13,333) (23,333)
Provisions for liabilities (68,000) (20,800)
Net assets 1,662,019 1,353,608
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 1,661,919 1,353,508
Shareholder's funds 1,662,019 1,353,608
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 member has 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.
S G White
Director
Approved by the board on 23 September 2024
Weatherfast Limited
Notes to the Accounts
for the year ended 31 January 2024
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).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property improvements Over the lease term
Plant and machinery 12.5% reducing balance
Equipment 25% reducing balance
Motor vehicles 25% reducing balance
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Registration mark:
Cost
At 1 February 2023 4,214
At 31 January 2024 4,214
Amortisation
At 1 February 2023 2,528
Provided during the year 843
At 31 January 2024 3,371
Net book value
At 31 January 2024 843
At 31 January 2023 1,686
Registration mark is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Property improvements Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 23,239 162,495 54,145 239,879
Additions 19,788 165,213 41,000 226,001
Disposals - (5,823) - (5,823)
At 31 January 2024 43,027 321,885 95,145 460,057
Depreciation
At 1 February 2023 2,325 71,108 32,198 105,631
Charge for the year 4,306 36,475 15,735 56,516
On disposals - (3,911) - (3,911)
At 31 January 2024 6,631 103,672 47,933 158,236
Net book value
At 31 January 2024 36,396 218,213 47,212 301,821
At 31 January 2023 20,914 91,387 21,947 134,248
5 Debtors 2024 2023
£ £
Trade debtors 710,877 763,105
Other debtors 86,549 5,752
797,426 768,857
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 386,593 374,299
Taxation and social security costs 140,161 203,325
Accruals and deferred income 10,485 15,630
Other creditors 645,290 619,253
1,192,529 1,222,507
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,333 23,333
8 Share capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 100 100
9 Other information
Weatherfast Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 2 Winster Grove
Great Barr
Birmingham
West Midlands
B44 9EG
Its registered number is: 08399630
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