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REGISTERED NUMBER: 02261763 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Weigh Well Engineering Limited

Weigh Well Engineering Limited (Registered number: 02261763)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Weigh Well Engineering Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr P A Horsfall





REGISTERED OFFICE: Weighwell House
Woolley Colliery Road
Darton
Barnsley
South Yorkshire
S75 5JA





REGISTERED NUMBER: 02261763 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Weigh Well Engineering Limited (Registered number: 02261763)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 931 517
Tangible assets 5 498,656 471,659
Investment property 6 130,000 130,000
629,587 602,176

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 7 424,089 484,692
Cash at bank and in hand 2,640,859 2,699,986
3,114,948 3,234,678
CREDITORS
Amounts falling due within one year 8 275,419 321,916
NET CURRENT ASSETS 2,839,529 2,912,762
TOTAL ASSETS LESS CURRENT LIABILITIES 3,469,116 3,514,938

PROVISIONS FOR LIABILITIES 65,044 50,562
NET ASSETS 3,404,072 3,464,376

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 137,741 141,793
Retained earnings 3,266,329 3,322,581
SHAREHOLDERS' FUNDS 3,404,072 3,464,376

Weigh Well Engineering Limited (Registered number: 02261763)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 20 November 2024 and were signed by:





Mr P A Horsfall - Director


Weigh Well Engineering Limited (Registered number: 02261763)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Weigh Well Engineering 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Weigh Well Engineering Limited (Registered number: 02261763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 8 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 July 2023 649
Additions 470
At 30 June 2024 1,119
AMORTISATION
At 1 July 2023 132
Amortisation for year 56
At 30 June 2024 188
NET BOOK VALUE
At 30 June 2024 931
At 30 June 2023 517

Weigh Well Engineering Limited (Registered number: 02261763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 July 2023 400,000 36,582 24,663 91,223 552,468
Additions - 2,281 6,338 81,466 90,085
Disposals - (1,260 ) (2,851 ) (52,809 ) (56,920 )
At 30 June 2024 400,000 37,603 28,150 119,880 585,633
DEPRECIATION
At 1 July 2023 19,048 9,969 11,822 39,970 80,809
Charge for year 9,523 2,830 4,074 17,360 33,787
Eliminated on disposal - (667 ) (1,242 ) (25,710 ) (27,619 )
At 30 June 2024 28,571 12,132 14,654 31,620 86,977
NET BOOK VALUE
At 30 June 2024 371,429 25,471 13,496 88,260 498,656
At 30 June 2023 380,952 26,613 12,841 51,253 471,659

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 130,000
NET BOOK VALUE
At 30 June 2024 130,000
At 30 June 2023 130,000

Fair value at 30 June 2024 is represented by:
£
Valuation in 2021 130,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 121,883 121,883

Weigh Well Engineering Limited (Registered number: 02261763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 137,965 212,404
Amounts owed by group undertakings 257,506 256,552
VAT 9,190 -
Prepayments 19,428 15,736
424,089 484,692

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 29,409 32,130
Amounts owed to group undertakings 148,403 198,610
Tax 86,952 53,900
Social security and other taxes 901 -
VAT - 29,076
Other creditors 2,727 2,602
Pension liability 849 938
Accruals and deferred income 6,178 4,660
275,419 321,916

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£
At 1 July 2023 141,793
Transfers (4,052 )

At 30 June 2024 137,741

Weigh Well Engineering Limited (Registered number: 02261763)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

Entities with control over the entity

2024 2023
£ £
Transfers to related parties 50,207 430
Amounts due to related parties 148,403 198,610

Other related parties
2024 2023
£ £
Transfers to related parties 954 451
Amounts due from related parties 257,506 256,552

12. ULTIMATE PARENT COMPANY

The company's parent company is Welldale Group Limited whose registered office is the same as the company's.