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REGISTERED NUMBER: 09419648 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WEIGHTEK LIMITED

WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEIGHTEK LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: M S Acklam
Mrs P R Hodgins
K F Denman





REGISTERED OFFICE: Unit D
47 Gillett Street
Hull
HU3 4JF





REGISTERED NUMBER: 09419648 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,276 1,841

CURRENT ASSETS
Stocks 550 550
Debtors 5 80,853 92,654
Cash at bank 59,094 32,881
140,497 126,085
CREDITORS
Amounts falling due within one year 6 141,082 124,340
NET CURRENT (LIABILITIES)/ASSETS (585 ) 1,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,691

3,586

CREDITORS
Amounts falling due after more than one year 7 (16,320 ) -

PROVISIONS FOR LIABILITIES (6,069 ) (350 )
NET ASSETS 1,302 3,236

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 1,212 3,146
SHAREHOLDERS' FUNDS 1,302 3,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

BALANCE SHEET - continued
29 February 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2024 and were signed on its behalf by:




K F Denman - Director M S Acklam - Director




Mrs P R Hodgins - Director


WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Weightek Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at Unit D, 47 Gillet Street, Hull, HU3 4JF.

The principal activity of the Company is that of selling, maintaining and repairing weighing equipment.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover is recognised at point of sale or in instances of repair once the repair is complete.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Tangible fixed assets are measured under the revaluation model with changes in fair value recognised in other comprehensive income.

Stocks
Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Profit and Loss, 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 balance sheet date.


WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 27,150
Additions 24,182
Disposals (9,695 )
At 29 February 2024 41,637
DEPRECIATION
At 1 March 2023 25,309
Charge for year 1,737
Eliminated on disposal (9,685 )
At 29 February 2024 17,361
NET BOOK VALUE
At 29 February 2024 24,276
At 28 February 2023 1,841

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 7,995
Additions 23,950
Transfer to ownership (7,995 )
At 29 February 2024 23,950
DEPRECIATION
At 1 March 2023 7,495
Charge for year 499
Transfer to ownership (7,496 )
At 29 February 2024 498
NET BOOK VALUE
At 29 February 2024 23,452
At 28 February 2023 500

WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,695 82,500
Other debtors 11,158 10,154
80,853 92,654

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 4,080 517
Trade creditors 26,959 15,488
Taxation and social security 40,713 33,440
Other creditors 69,330 74,895
141,082 124,340

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 16,320 -

WEIGHTEK LIMITED (REGISTERED NUMBER: 09419648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 5,093 696
Between one and five years 20,374 -
25,467 696

Finance charges repayable:
Within one year 1,013 179
Between one and five years 4,054 -
5,067 179

Net obligations repayable:
Within one year 4,080 517
Between one and five years 16,320 -
20,400 517