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REGISTERED NUMBER: 03031488 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

H W WEBB (ENGINEERS) LIMITED

H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H W WEBB (ENGINEERS) LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: Mr S Webb





SECRETARY: Mrs S L Webb





REGISTERED OFFICE: Triple Plea Road
Woodton
Bungay
Suffolk
NR35 2NS





REGISTERED NUMBER: 03031488 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 765,305 786,429

CURRENT ASSETS
Stocks 162,000 60,000
Debtors 5 230,393 294,383
Cash at bank - 73,505
392,393 427,888
CREDITORS
Amounts falling due within one year 6 440,641 463,681
NET CURRENT LIABILITIES (48,248 ) (35,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

717,057

750,636

CREDITORS
Amounts falling due after more than one
year

7

(161,643

)

(231,552

)

PROVISIONS FOR LIABILITIES (47,000 ) (49,000 )
NET ASSETS 508,414 470,084

CAPITAL AND RESERVES
Called up share capital 75,400 75,400
Retained earnings 433,014 394,684
SHAREHOLDERS' FUNDS 508,414 470,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)

BALANCE SHEET - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





Mr S Webb - Director


H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

H W Webb (Engineers) 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.

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.

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 or, if held under a finance lease , over the lease term, whichever is the shorter. Freehold property is not depreciated.

Property improvements-5% straight line basis
Plant and machinery-15% reducing balance basis and 33.3% straight line basis
Motor vehicles-20% reducing balance basis
Office equipment-20% reducing balance basis
Fixtures and fittings-20% reducing balance basis

Stocks
Stock and work in progress are valued at the lower of cost and estimated net realisable value. Cost is determined on a first-in first-out basis. The cost of work in progress and finished goods comprises materials, direct labour and attributable production overheads. Net realisable value is based on the estimated sales price after allowing for all further costs of completion and disposal.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
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.

H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 495,586 113,890 1,068,796
Additions - 18,683 47,559
Disposals - - -
At 30 April 2024 495,586 132,573 1,116,355
DEPRECIATION
At 1 May 2023 - 104,880 883,605
Charge for year - 2,528 34,913
Eliminated on disposal - - -
At 30 April 2024 - 107,408 918,518
NET BOOK VALUE
At 30 April 2024 495,586 25,165 197,837
At 30 April 2023 495,586 9,010 185,191

H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 12,894 135,730 38,019 1,864,915
Additions 1,456 - 3,647 71,345
Disposals - (54,187 ) - (54,187 )
At 30 April 2024 14,350 81,543 41,666 1,882,073
DEPRECIATION
At 1 May 2023 11,932 60,038 18,031 1,078,486
Charge for year 484 6,467 4,727 49,119
Eliminated on disposal - (10,837 ) - (10,837 )
At 30 April 2024 12,416 55,668 22,758 1,116,768
NET BOOK VALUE
At 30 April 2024 1,934 25,875 18,908 765,305
At 30 April 2023 962 75,692 19,988 786,429

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 307,862 88,388 396,250
Additions 20,792 - 20,792
Disposals - (54,187 ) (54,187 )
At 30 April 2024 328,654 34,201 362,855
DEPRECIATION
At 1 May 2023 201,365 23,150 224,515
Charge for year 16,332 4,377 20,709
Eliminated on disposal - (10,837 ) (10,837 )
At 30 April 2024 217,697 16,690 234,387
NET BOOK VALUE
At 30 April 2024 110,957 17,511 128,468
At 30 April 2023 106,497 65,238 171,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 226,363 289,470
Other debtors 4,030 4,913
230,393 294,383

H W WEBB (ENGINEERS) LIMITED (REGISTERED NUMBER: 03031488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 46,335 30,382
Hire purchase contracts 17,761 37,238
Trade creditors 82,663 94,845
Taxation and social security 66,007 78,929
Other creditors 227,875 222,287
440,641 463,681

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 149,413 180,870
Hire purchase contracts 12,230 50,682
161,643 231,552

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
5 years 70,806 95,517
70,806 95,517

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 14,841 -
Bank loans 180,907 211,252
Other loans 203,555 194,409
Hire purchase contracts 29,991 87,920
429,294 493,581

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Webb.