Registered number
05677001
Weaver-AFS Ltd
Filleted Accounts
31 January 2024
Weaver-AFS Ltd
Registered number: 05677001
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 18,918 11,065
Cash at bank and in hand 151,975 98,708
170,893 109,773
Creditors: amounts falling due within one year 4 (24,566) (16,371)
Net current assets 146,327 93,402
Net assets 146,327 93,402
Capital and reserves
Called up share capital 2 2
Profit and loss account 146,325 93,400
Shareholders' funds 146,327 93,402
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
D P Wilkinson
Director
Approved by the board on 21 October 2024
Weaver-AFS Ltd
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).
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.
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.
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 2 2
3 Debtors 2024 2023
£ £
Trade debtors 9,513 9,570
Other debtors 9,405 1,495
18,918 11,065
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 175 802
Taxation and social security costs 19,133 9,986
Other creditors 5,258 5,583
24,566 16,371
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
David P Wilkinson
97 9,279 - 9,376
97 9,279 - 9,376
6 Other information
Weaver-AFS Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Associates House
118A East Barnet Road
New Barnet
Herts
EN4 8RE
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