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Registration number: 08403526

Webber Chase Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Webber Chase Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Webber Chase Limited

(Registration number: 08403526)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

63,778

70,117

Current assets

 

Debtors

711,222

340,663

Cash at bank and in hand

 

15,187

51,402

 

726,409

392,065

Creditors: Amounts falling due within one year

4

(1,002,536)

(429,976)

Net current liabilities

 

(276,127)

(37,911)

Total assets less current liabilities

 

(212,349)

32,206

Creditors: Amounts falling due after more than one year

5

(101,884)

(28,506)

Provisions for liabilities

-

(1,420)

Net (liabilities)/assets

 

(314,233)

2,280

Capital and reserves

 

Called up share capital

10

10

Profit and loss account

(314,243)

2,270

Total equity

 

(314,233)

2,280

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 26 September 2024
 

Mr N M Wells

Director

 

Webber Chase Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
33a Mall Road
London
W6 9DG
England

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director has agreed that they will continue to provide financial support for at least 12 months from the date of approval of these accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2022 - 11).

 

Webber Chase Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

4

Creditors: amounts falling due within one year

Creditors include bank loans which are secured of £20,200 (2022 - £9,600).

5

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £101,883.79 (2022 - £28,506).

6

Related party transactions

Advances to directors


Mr N M Wells

During the period Mr N M Wells went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £363,604 (2022 - £291,992). At the year end the amount outstanding from Mr N M Wells was £328,762 (2022 - £262,767). Interest has been charged at the commercial rate.