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REGISTERED NUMBER: 05156320 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

T N Webster & Son Limited

T N Webster & Son Limited (Registered number: 05156320)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T N Webster & Son Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T W Webster





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 05156320 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

T N Webster & Son Limited (Registered number: 05156320)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,665 19,452
Investments 6 34,153 28,547
48,818 47,999

CURRENT ASSETS
Debtors 7 23,130 21,813
Cash at bank and in hand 4,491 5,025
27,621 26,838
CREDITORS
Amounts falling due within one year 8 21,008 12,510
NET CURRENT ASSETS 6,613 14,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,431

62,327

CREDITORS
Amounts falling due after more than one
year

9

(29,587

)

(36,863

)

PROVISIONS FOR LIABILITIES (1,358 ) (619 )
NET ASSETS 24,486 24,845

CAPITAL AND RESERVES
Called up share capital 210 210
Capital redemption reserve 12 90 90
Fair value reserve 12 5,789 2,640
Retained earnings 12 18,397 21,905
SHAREHOLDERS' FUNDS 24,486 24,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

T N Webster & Son Limited (Registered number: 05156320)

Balance Sheet - continued
30 June 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 17 January 2025 and were signed by:





T W Webster - Director


T N Webster & Son Limited (Registered number: 05156320)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

T N Webster & Son Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, including, where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts. Turnover is recognised in the period in which the services are carried out.

Intangible fixed assets
Goodwill, being the amount paid in connection with the acquisition of a business has now been fully amortised.

Franchise licence fees are included at cost and are amortised over their estimated useful life of six years.

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:

Equipment- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost
Static caravans- 7 years

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 those 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.

Fixed asset investments
Listed investments are valued at their fair value at the balance sheet date and any changes between the previous year end or acquisition, as applicable are recognised in the profit and loss account and then transferred to a fair value reserve.

T N Webster & Son Limited (Registered number: 05156320)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Static and
Caravans Equipment fittings
£    £    £   
COST
At 1 July 2023 24,995 45,584 1,378
Additions - 101 -
At 30 June 2024 24,995 45,685 1,378
DEPRECIATION
At 1 July 2023 10,713 41,749 1,022
Charge for year 3,571 982 90
At 30 June 2024 14,284 42,731 1,112
NET BOOK VALUE
At 30 June 2024 10,711 2,954 266
At 30 June 2023 14,282 3,835 356

T N Webster & Son Limited (Registered number: 05156320)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 10,000 1,823 83,780
Additions - - 101
At 30 June 2024 10,000 1,823 83,881
DEPRECIATION
At 1 July 2023 9,021 1,823 64,328
Charge for year 245 - 4,888
At 30 June 2024 9,266 1,823 69,216
NET BOOK VALUE
At 30 June 2024 734 - 14,665
At 30 June 2023 979 - 19,452

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 July 2023 28,547
Additions 7,310
Disposals (5,591 )
Revaluations 3,887
At 30 June 2024 34,153
NET BOOK VALUE
At 30 June 2024 34,153
At 30 June 2023 28,547

Cost or valuation at 30 June 2024 is represented by:

Listed
investments
£   
Valuation in 2024 34,153

If fixed asset investments had not been revalued they would have been included at a cost of £27,006 (2023: £25,287).

T N Webster & Son Limited (Registered number: 05156320)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 13,287 8,480
Other debtors 6,215 2,246
Tax - 2,666
Prepayments 3,628 3,517
23,130 16,909

Amounts falling due after more than one year:
Other debtors - 4,904

Aggregate amounts 23,130 21,813

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,755 3,663
Hire purchase contracts (see note 10) 3,515 3,214
Tax 5,669 -
Social security and other taxes 4,421 1,307
Directors' current accounts 25 688
Accrued expenses 3,623 3,638
21,008 12,510

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,850 3,755
Bank loans - 2-5 years 12,145 11,843
Bank loans > 5 years 5,656 9,813
Hire purchase contracts (see note 10) 7,936 11,452
29,587 36,863

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 5,656 9,813

T N Webster & Son Limited (Registered number: 05156320)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 3,515 3,214
Between one and five years 7,936 11,452
11,451 14,666

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 11,451 14,666

Debts are secured against the assets to which they relate.

12. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2023 21,905 90 2,640 24,635
Profit for the year 23,641 23,641
Dividends (24,000 ) (24,000 )
Transfer (3,149 ) - 3,149 -
At 30 June 2024 18,397 90 5,789 24,276