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Company Registration No. 11827379 (England and Wales)
WELLS CARRAN LTD Unaudited accounts for the year ended 29 February 2024
WELLS CARRAN LTD Unaudited accounts Contents
Page
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WELLS CARRAN LTD Company Information for the year ended 29 February 2024
Director
P L Wells-Carran
Company Number
11827379 (England and Wales)
Registered Office
21 UDNEY PARK ROAD TEDDINGTON TW11 9BB UNITED KINGDOM
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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WELLS CARRAN LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,396 
1,799 
Current assets
Debtors
15,571 
13,297 
Cash at bank and in hand
23,928 
53,525 
39,499 
66,822 
Creditors: amounts falling due within one year
(2,802)
(10,977)
Net current assets
36,697 
55,845 
Total assets less current liabilities
38,093 
57,644 
Provisions for liabilities
Deferred tax
- 
(342)
Net assets
38,093 
57,302 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
38,092 
57,301 
Shareholders' funds
38,093 
57,302 
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.
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 28 November 2024 and were signed on its behalf by
P L Wells-Carran Director Company Registration No. 11827379
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WELLS CARRAN LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
WELLS CARRAN LTD is a private company, limited by shares, registered in England and Wales, registration number 11827379. The registered office is 21 UDNEY PARK ROAD, TEDDINGTON, TW11 9BB, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
3 years straight line basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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WELLS CARRAN LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,462 
Additions
540 
At 29 February 2024
3,002 
Depreciation
At 1 March 2023
663 
Charge for the year
943 
At 29 February 2024
1,606 
Net book value
At 29 February 2024
1,396 
At 28 February 2023
1,799 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,642 
13,297 
Deferred tax asset
3,929 
15,571 
13,297 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
9,732 
Loans from directors
1,902 
290 
Accruals
900 
955 
2,802 
10,977 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
266 
342 
Tax losses carried forward
(4,195)
- 
(3,929)
342 
2024 
2023 
£ 
£ 
Provision at start of year
342 
194 
(Credited)/charged to the profit and loss account
(4,271)
148 
Provision at end of year
(3,929)
342 
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WELLS CARRAN LTD Notes to the Accounts for the year ended 29 February 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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