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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
Page
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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
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WeBuild Sussex Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,336 
26,758 
Current assets
Inventories
1,758,844 
19,500 
Debtors
1,459,463 
1,758,474 
Cash at bank and in hand
291,734 
9,673 
3,510,041 
1,787,647 
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 
Capital and reserves
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
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WeBuild Sussex Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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
Motor vehicles
5 years
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 
Depreciation
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 
Net book value
At 29 February 2024
16,280 
16,056 
- 
32,336 
At 28 February 2023
2,183 
23,424 
1,151 
26,758 
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WeBuild Sussex Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
214,669 
193,369 
Trade debtors
110,309 
1,450,976 
Accrued income and prepayments
- 
10,000 
Other debtors
1,134,485 
104,129 
1,459,463 
1,758,474 
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 
- 
Accruals
- 
10,000 
2,249,618 
877,155 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
105,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
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).
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