Company Registration No. 10606985 (England and Wales)
WeBuild Sussex Ltd
Unaudited accounts
for the year ended 29 February 2024
WeBuild Sussex Ltd
Unaudited accounts
Contents
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WeBuild Sussex Ltd for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
WeBuild Sussex Ltd for the year ended
29 February 2024 as set out on pages
4 -
6 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd
Chartered Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
2 December 2024
WeBuild Sussex Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
32,336
26,758
Inventories
1,758,844
19,500
Debtors
1,459,463
1,758,474
Cash at bank and in hand
291,734
9,673
Creditors: amounts falling due within one year
(2,249,618)
(877,155)
Net current assets
1,260,423
910,492
Total assets less current liabilities
1,292,759
937,250
Creditors: amounts falling due after more than one year
-
(105,000)
Net assets
1,292,759
832,250
Called up share capital
100
100
Profit and loss account
1,292,659
832,150
Shareholders' funds
1,292,759
832,250
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 his 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 2 December 2024 and were signed on its behalf by
Jon Bennett
Director
Company Registration No. 10606985
WeBuild Sussex Ltd
Notes to the Accounts
for the year ended 29 February 2024
WeBuild Sussex Ltd is a private company, limited by shares, registered in England and Wales, registration number 10606985. The registered office is 1st Floor Cornelius House, 178-180 Church Road, Hove, BN3 2DL, 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.
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:
Computer equipment
3 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
3,970
28,683
6,647
39,300
Additions
16,999
-
-
16,999
At 29 February 2024
20,969
28,683
6,647
56,299
At 1 March 2023
1,787
5,259
5,496
12,542
Charge for the year
2,902
7,368
1,151
11,421
At 29 February 2024
4,689
12,627
6,647
23,963
At 29 February 2024
16,280
16,056
-
32,336
At 28 February 2023
2,183
23,424
1,151
26,758
WeBuild Sussex Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
110,309
1,450,976
Accrued income and prepayments
-
10,000
Other debtors
1,134,485
104,129
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
863,534
550,954
Taxes and social security
279,443
152,654
Other creditors
1,106,192
163,547
Loans from directors
449
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
During the year the director loaned the company £449 (2023: £2,171) for working capital purposes. The loan was interest free, unsecured and repayable on demand.
10
Average number of employees
During the year the average number of employees was 11 (2023: 5).