Registered number
15120872
WEICANDO LTD
Filleted Accounts
31 August 2024
WEICANDO LTD
Registered number: 15120872
Balance Sheet
as at 31 August 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,535
Current assets
Cash at bank and in hand 32,938
Creditors: amounts falling due within one year 4 (8,391)
Net current assets 24,547
Total assets less current liabilities 26,082
Creditors: amounts falling due after more than one year 5 (12,330)
Net assets 13,752
Capital and reserves
Share premium 50
Profit and loss account 13,702
Shareholders' funds 13,752
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
BUI MEI CHOK
Director
Approved by the board on 7 October 2024
WEICANDO LTD
Notes to the Accounts
for the period from 6 September 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,706
At 31 August 2024 1,706
Depreciation
Charge for the period 171
At 31 August 2024 171
Net book value
At 31 August 2024 1,535
4 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 4,041
Other creditors 4,350
8,391
5 Creditors: amounts falling due after one year 2024
£
Directors Loan 12,330
6 Controlling party
The company is under the full control of the director by virtue of them owning the fully issued share capital
7 Other information
WEICANDO LTD is a private company limited by shares and incorporated in England. Its registered office is:
HAMILL HOUSE
112-116 CHORLEY NEW ROAD
BOLTON
BL1 4DH
WEICANDO LTD 15120872 false 2023-09-06 2024-08-31 2024-08-31 VT Final Accounts April 2024 BUI MEI CHOK No description of principal activity 15120872 2023-09-06 2024-08-31 15120872 bus:PrivateLimitedCompanyLtd 2023-09-06 2024-08-31 15120872 bus:AuditExempt-NoAccountantsReport 2023-09-06 2024-08-31 15120872 bus:Director40 2023-09-06 2024-08-31 15120872 2 2023-09-06 2024-08-31 15120872 countries:England 2023-09-06 2024-08-31 15120872 bus:FRS102 2023-09-06 2024-08-31 15120872 bus:FilletedAccounts 2023-09-06 2024-08-31 15120872 2024-08-31 15120872 core:WithinOneYear 2024-08-31 15120872 core:AfterOneYear 2024-08-31 15120872 core:SharePremium 2024-08-31 15120872 core:RetainedEarningsAccumulatedLosses 2024-08-31 15120872 2023-09-05 iso4217:GBP xbrli:pure