WOBIL ENGINEERING LTD
Registered number: 03372628
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 546 682
Current assets
Debtors 4 27,200 27,200
Cash at bank and in hand 11,358 7,133
38,558 34,333
Creditors: amounts falling due within one year 5 (13,240) (14,420)
Net current assets 25,318 19,913
Total assets less current liabilities 25,864 20,595
Creditors: amounts falling due after more than one year 6 (3,000) (6,000)
Net assets 22,864 14,595
Capital and reserves
Called up share capital 2 2
Profit and loss account 22,862 14,593
Shareholders' funds 22,864 14,595
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.
Michael Wobil
Director
Approved by the board on 10 February 2025
WOBIL ENGINEERING LTD
Notes to the Accounts
for the year ended 31 May 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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 June 2023 2,582
At 31 May 2024 2,582
Depreciation
At 1 June 2023 1,900
Charge for the year 136
At 31 May 2024 2,036
Net book value
At 31 May 2024 546
At 31 May 2023 682
4 Debtors 2024 2023
£ £
Other debtors 27,200 27,200
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Corporation tax 9,460 10,640
Other creditors 780 780
13,240 14,420
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,000 6,000
7 Other information
WOBIL ENGINEERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
246 Harrow Road
Wembley
Middlesex
HA9 6QL
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