2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10151828 2023-05-01 2024-04-30 10151828 2024-04-30 10151828 2023-04-30 10151828 2022-05-01 2023-04-30 10151828 2023-04-30 10151828 2022-04-30 10151828 core:PlantMachinery 2023-05-01 2024-04-30 10151828 bus:Director1 2023-05-01 2024-04-30 10151828 core:PlantMachinery 2023-04-30 10151828 core:PlantMachinery 2024-04-30 10151828 core:WithinOneYear 2024-04-30 10151828 core:WithinOneYear 2023-04-30 10151828 core:AfterOneYear 2024-04-30 10151828 core:AfterOneYear 2023-04-30 10151828 core:ShareCapital 2024-04-30 10151828 core:ShareCapital 2023-04-30 10151828 core:RetainedEarningsAccumulatedLosses 2024-04-30 10151828 core:RetainedEarningsAccumulatedLosses 2023-04-30 10151828 core:PlantMachinery 2023-04-30 10151828 bus:SmallEntities 2023-05-01 2024-04-30 10151828 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10151828 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10151828 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10151828 bus:FullAccounts 2023-05-01 2024-04-30 10151828 core:OfficeEquipment 2023-05-01 2024-04-30 10151828 core:OfficeEquipment 2023-04-30 10151828 core:OfficeEquipment 2024-04-30
COMPANY REGISTRATION NUMBER: 10151828
WARREN ENGINEERING KETTERING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
WARREN ENGINEERING KETTERING LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
4,132
4,130
CURRENT ASSETS
Debtors
6
32,421
31,637
Cash at bank and in hand
39,751
26,101
--------
--------
72,172
57,738
CREDITORS: amounts falling due within one year
7
33,623
24,617
--------
--------
NET CURRENT ASSETS
38,549
33,121
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
42,681
37,251
CREDITORS: amounts falling due after more than one year
8
3,971
7,990
PROVISIONS
1,005
786
--------
--------
NET ASSETS
37,705
28,475
--------
--------
CAPITAL AND RESERVES
Called up share capital
10
10
Profit and loss account
37,695
28,465
--------
--------
SHAREHOLDERS FUNDS
37,705
28,475
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WARREN ENGINEERING KETTERING LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr G Warren
Director
Company registration number: 10151828
WARREN ENGINEERING KETTERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 8 Centre 2000, Robinson Close, Telford Way Industrial Estate, Kettering, Northamptonshire, NN16 8PU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
Office equipment
Total
£
£
£
Cost
At 1 May 2023
13,843
860
14,703
Additions
210
1,163
1,373
--------
-------
--------
At 30 April 2024
14,053
2,023
16,076
--------
-------
--------
Depreciation
At 1 May 2023
10,014
559
10,573
Charge for the year
809
562
1,371
--------
-------
--------
At 30 April 2024
10,823
1,121
11,944
--------
-------
--------
Carrying amount
At 30 April 2024
3,230
902
4,132
--------
-------
--------
At 30 April 2023
3,829
301
4,130
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
28,254
27,336
Other debtors
4,167
4,301
--------
--------
32,421
31,637
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,380
4,380
Corporation tax
16,387
10,355
Social security and other taxes
6,954
5,791
Other creditors
5,902
4,091
--------
--------
33,623
24,617
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,971
7,990
-------
-------