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REGISTERED NUMBER: 11391519 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 28 February 2024

for

Wefill Ltd

Wefill Ltd (Registered number: 11391519)






Contents of the Financial Statements
for the Period 1 April 2023 to 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Wefill Ltd

Company Information
for the Period 1 April 2023 to 28 February 2024







DIRECTOR: P M Aiston





REGISTERED OFFICE: 39 Mount Way
Waverton
Chester
CH3 7QF





REGISTERED NUMBER: 11391519 (England and Wales)





ACCOUNTANTS: Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE

Wefill Ltd (Registered number: 11391519)

Balance Sheet
28 February 2024

28.2.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,067 42,047

CURRENT ASSETS
Stocks 106,057 104,056
Debtors 5 859,814 315,719
Cash at bank 45,621 48,608
1,011,492 468,383
CREDITORS
Amounts falling due within one year 6 869,864 373,027
NET CURRENT ASSETS 141,628 95,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,695

137,403

CREDITORS
Amounts falling due after more than one
year

7

(13,683

)

(19,704

)

PROVISIONS FOR LIABILITIES (29,989 ) (9,282 )
NET ASSETS 222,023 108,417

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 221,923 108,317
222,023 108,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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.

Wefill Ltd (Registered number: 11391519)

Balance Sheet - continued
28 February 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





P M Aiston - Director


Wefill Ltd (Registered number: 11391519)

Notes to the Financial Statements
for the Period 1 April 2023 to 28 February 2024

1. STATUTORY INFORMATION

Wefill Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 period 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.

Wefill Ltd (Registered number: 11391519)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 28 February 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.

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 period was 40 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 45,008
Additions 92,749
At 28 February 2024 137,757
DEPRECIATION
At 1 April 2023 2,961
Charge for period 10,729
At 28 February 2024 13,690
NET BOOK VALUE
At 28 February 2024 124,067
At 31 March 2023 42,047

Wefill Ltd (Registered number: 11391519)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 28 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 28 February 2024 26,272
DEPRECIATION
At 1 April 2023 875
Charge for period 4,656
At 28 February 2024 5,531
NET BOOK VALUE
At 28 February 2024 20,741
At 31 March 2023 25,397

5. DEBTORS
28.2.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 772,463 305,992
Other debtors 86,913 9,727
859,376 315,719

Amounts falling due after more than one year:
Other debtors 438 -

Aggregate amounts 859,814 315,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 31.3.23
£    £   
Hire purchase contracts 6,568 6,568
Trade creditors 375,351 324,788
Taxation and social security 79,409 39,171
Other creditors 408,536 2,500
869,864 373,027

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 31.3.23
£    £   
Hire purchase contracts 13,683 19,704

Wefill Ltd (Registered number: 11391519)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 28 February 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.24 31.3.23
£    £   
Hire purchase contracts 20,251 26,272

The hire purchase liability is secured on the asset concerned.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 28 February 2024 and the year ended 31 March 2023:

28.2.24 31.3.23
£    £   
P M Aiston
Balance outstanding at start of period 1,000 -
Amounts advanced - 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,000 1,000

The loan is interest free, unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

Staingard Limited

Staingard Limited is a related party due to Mr P Aiston being a shareholder and director in both companies.

During the financial year Wefill Limited has invoiced £308,563 net (2023 - £190,000) to Staingard Limited. Staingard Limited has invoiced £547,957 net (2023 - £245,803) to Wefill Limited.

Staingard Limited has re-charged various supplier invoices paid on behalf of Wefill Limited during the year.

Overall, Wefill Limited owes £405,541 to Staingard Limited at the year-end. At the end of 2023 Wefill Limited was owed £8,627.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Wefill Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wefill Ltd for the period ended 28 February 2024 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Wefill Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wefill Ltd and state those matters that we have agreed to state to the director of Wefill Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wefill Ltd and its director for our work or for this report.

It is your duty to ensure that Wefill Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wefill Ltd. You consider that Wefill Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Wefill Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE


22 November 2024