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REGISTERED NUMBER: 01840592 (England and Wales)














Winyard Engineering Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023






Winyard Engineering Limited (Registered number: 01840592)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Winyard Engineering Limited

Company Information
for the Year Ended 30 September 2023







Directors: G Winyard
S A Winyard
D Winyard





Registered office: 2-3 Cresswell close
Wardentree Lane
Pinchbeck
Spalding
Lincolnshire
PE11 3TY





Registered number: 01840592 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Winyard Engineering Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Winyard Engineering Limited for the year ended 30 September 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Winyard Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Winyard Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Winyard Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Winyard Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Winyard Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Winyard Engineering Limited. You consider that Winyard Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Winyard Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


26 September 2024

Winyard Engineering Limited (Registered number: 01840592)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 129,197 103,544

Current assets
Stocks 334,000 134,000
Debtors 6 424,077 669,750
Cash at bank and in hand 1,491,646 1,641,144
2,249,723 2,444,894
Creditors
Amounts falling due within one year 7 112,292 143,879
Net current assets 2,137,431 2,301,015
Total assets less current liabilities 2,266,628 2,404,559

Provisions for liabilities 26,314 14,462
Net assets 2,240,314 2,390,097

Capital and reserves
Called up share capital 11,195 11,195
Retained earnings 2,229,119 2,378,902
2,240,314 2,390,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Winyard Engineering Limited (Registered number: 01840592)

Statement of Financial Position - continued
30 September 2023


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 26 September 2024 and were signed on its behalf by:





G Winyard - Director


Winyard Engineering Limited (Registered number: 01840592)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. Statutory information

Winyard Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on a straight line basis

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.

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 statement of financial position date.


Winyard Engineering Limited (Registered number: 01840592)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. Employees and directors

The average number of employees during the year was 18 (2022 - 19 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 October 2022 474,991 38,775 79,728 89,652 683,146
Additions 2,000 44,250 - 6,725 52,975
At 30 September 2023 476,991 83,025 79,728 96,377 736,121
Depreciation
At 1 October 2022 396,129 23,829 72,902 86,742 579,602
Charge for year 12,129 8,879 1,707 4,607 27,322
At 30 September 2023 408,258 32,708 74,609 91,349 606,924
Net book value
At 30 September 2023 68,733 50,317 5,119 5,028 129,197
At 30 September 2022 78,862 14,946 6,826 2,910 103,544

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 279,532 494,153
Other debtors 83,934 77,377
Directors' loan accounts 46,000 79,402
Prepayments 14,611 18,818
424,077 669,750

Winyard Engineering Limited (Registered number: 01840592)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 63,727 71,226
Tax 8,228 11,342
VAT 36,133 57,657
Accrued expenses 4,204 3,654
112,292 143,879

8. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
G Winyard and S A Winyard
Balance outstanding at start of year 73,786 99,247
Amounts advanced 169,982 131,329
Amounts repaid (200,000 ) (156,790 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,768 73,786

D Winyard
Balance outstanding at start of year 5,616 -
Amounts advanced 26,616 5,616
Amounts repaid (30,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,232 5,616