Company Registration No. 11108714 (England and Wales)
WEP Powdercoating Limited
Unaudited accounts
for the year ended 30 November 2024
WEP Powdercoating Limited
Unaudited accounts
Contents
WEP Powdercoating Limited
Company Information
for the year ended 30 November 2024
Directors
Wayne Pentelow
Helen Pentelow
Company Number
11108714 (England and Wales)
Registered Office
47 Algores Way
Wisbech
Cambs
PE13 2TQ
England
Accountants
ALMS Limited
12 Orchard Drive
West Walton
Cambs
PE14 7EZ
WEP Powdercoating Limited
Accountants' report
Accountants' report to the board of directors of WEP Powdercoating Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
WEP Powdercoating Limited for the year ended
30 November 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of WEP Powdercoating Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of WEP Powdercoating Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WEP Powdercoating Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WEP Powdercoating Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WEP Powdercoating Limited. You consider that WEP Powdercoating Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of WEP Powdercoating Limited. 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 accounts.
ALMS Limited
12 Orchard Drive
West Walton
Cambs
PE14 7EZ
31 December 2024
WEP Powdercoating Limited
Statement of financial position
as at 30 November 2024
Tangible assets
71,868
76,676
Cash at bank and in hand
176,371
142,261
Creditors: amounts falling due within one year
(69,554)
(55,843)
Net current assets
209,467
169,191
Net assets
281,335
245,867
Called up share capital
100
100
Profit and loss account
281,235
245,767
Shareholders' funds
281,335
245,867
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by
Helen Pentelow
Director
Company Registration No. 11108714
WEP Powdercoating Limited
Notes to the Accounts
for the year ended 30 November 2024
WEP Powdercoating Limited is a private company, limited by shares, registered in England and Wales, registration number 11108714. The registered office is 47 Algores Way, Wisbech, Cambs, PE13 2TQ, 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2023
68,498
39,083
107,581
At 30 November 2024
79,743
39,083
118,826
At 1 December 2023
21,219
9,686
30,905
Charge for the year
8,704
7,349
16,053
At 30 November 2024
29,923
17,035
46,958
At 30 November 2024
49,820
22,048
71,868
At 30 November 2023
47,279
29,397
76,676
Amounts falling due within one year
Trade debtors
85,400
66,031
WEP Powdercoating Limited
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,236
10,014
Taxes and social security
5,273
-
Other creditors
3,164
11,965
Loans from directors
24,887
17,251
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).