Webbers Wessex Limited 08063039 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is buying and selling of arable crops Digita Accounts Production Advanced 6.30.9574.0 true true 08063039 2023-04-01 2024-03-31 08063039 2024-03-31 08063039 core:RetainedEarningsAccumulatedLosses 2024-03-31 08063039 core:ShareCapital 2024-03-31 08063039 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08063039 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08063039 bus:SmallEntities 2023-04-01 2024-03-31 08063039 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08063039 bus:FullAccounts 2023-04-01 2024-03-31 08063039 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08063039 bus:RegisteredOffice 2023-04-01 2024-03-31 08063039 bus:Director1 2023-04-01 2024-03-31 08063039 bus:Director2 2023-04-01 2024-03-31 08063039 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08063039 core:MotorVehicles 2023-04-01 2024-03-31 08063039 core:PlantMachinery 2023-04-01 2024-03-31 08063039 countries:AllCountries 2023-04-01 2024-03-31 08063039 2023-03-31 08063039 2022-05-01 2023-03-31 08063039 2023-03-31 08063039 core:RetainedEarningsAccumulatedLosses 2023-03-31 08063039 core:ShareCapital 2023-03-31 08063039 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08063039 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08063039

Webbers Wessex Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Webbers Wessex Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Webbers Wessex Limited

(Registration number: 08063039)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

174,893

194,627

Current assets

 

Debtors

209,666

136,954

Cash at bank and in hand

 

2,111

-

 

211,777

136,954

Creditors: Amounts falling due within one year

5

(328,668)

(371,724)

Net current liabilities

 

(116,891)

(234,770)

Total assets less current liabilities

 

58,002

(40,143)

Creditors: Amounts falling due after more than one year

6

(96,016)

(143,429)

Net liabilities

 

(38,014)

(183,572)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(38,114)

(183,672)

Total equity

 

(38,014)

(183,572)

For the financial year ending 31 March 2024 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 directors acknowledge their 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.

Approved and authorised by the Board on 21 October 2024 and signed on its behalf by:
 

Mrs L Webber
Director

Mr I Webber
Director

 
     
 

Webbers Wessex Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 21 October 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. Of the company's current liabilities at 31 March 2024, £95,000 is owed to the directors, who have agreed not to demand repayment of this amount for at least one year after the date of approval of these accounts, to the extent that any such repayment would jeopardise the future of the company. The directors have also 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 that future economic benefits will flow to the entity and specific criteria have been met for each of the company's 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.

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.


 

Webbers Wessex Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

Reducing balance - 15%

Plant & machinery

Reducing balance - 20%

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

377,872

Additions

13,000

At 31 March 2024

390,872

Depreciation

At 1 April 2023

183,245

Charge for the period

32,734

At 31 March 2024

215,979

Carrying amount

At 31 March 2024

174,893

At 31 March 2023

194,627

5

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £37,481 (2023 - £96,017)

6

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £75,340 (2023 - £143,429).