Company Registration No. 10011178 (England and Wales)
Wenrit Global Limited
Unaudited accounts
for the year ended 29 February 2024
Wenrit Global Limited
Unaudited accounts
Contents
Wenrit Global Limited
Company Information
for the year ended 29 February 2024
Company Number
10011178 (England and Wales)
Registered Office
20-26 Kay Street
Manchester
M11 2DU
England
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
Wenrit Global Limited
Statement of financial position
as at 29 February 2024
Tangible assets
162,486
113,642
Cash at bank and in hand
336,454
267,326
Creditors: amounts falling due within one year
(957,922)
(226,810)
Net current assets
1,513,478
734,539
Net assets
1,690,964
863,181
Called up share capital
500
500
Profit and loss account
1,690,464
862,681
Shareholders' funds
1,690,964
863,181
For the year ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Ka Ling Lam
Director
Company Registration No. 10011178
Wenrit Global Limited
Notes to the Accounts
for the year ended 29 February 2024
Wenrit Global Limited is a private company, limited by shares, registered in England and Wales, registration number 10011178. The registered office is 20-26 Kay Street, Manchester, M11 2DU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Written off over the useful economic life of 5 and a half years
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Wenrit Global Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Total
At 29 February 2024
313,944
Charge for the year
45,792
At 29 February 2024
151,458
At 29 February 2024
162,486
At 28 February 2023
113,642
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
500
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Average number of employees
During the year the average number of employees was 49 (2023: 41).