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REGISTERED NUMBER: 02496396 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024

FOR

WEYMAN LIMITED

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEYMAN LIMITED

COMPANY INFORMATION
for the Year Ended 29 June 2024







DIRECTORS: Mr N A Weyman
Mr B C Weyman
Ms L Weyman





SECRETARY: Mr B C Weyman





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 02496396 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

BALANCE SHEET
29 June 2024

29.6.24 29.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 56,969 50,981
Investments 6 11,620 11,620
68,589 62,601

CURRENT ASSETS
Stocks 7 69,980 73,155
Debtors 8 54,864 48,332
Cash at bank and in hand 3,815 3,715
128,659 125,202
CREDITORS
Amounts falling due within one year 9 62,583 52,341
NET CURRENT ASSETS 66,076 72,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,665

135,462

CREDITORS
Amounts falling due after more than one
year

10

30,307

34,512
NET ASSETS 104,358 100,950

CAPITAL AND RESERVES
Called up share capital 12 100,000 100,000
Retained earnings 13 4,358 950
SHAREHOLDERS' FUNDS 104,358 100,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

BALANCE SHEET - continued
29 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr N A Weyman - Director


WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

Weyman 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 provision of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 June 2023
and 29 June 2024 112,534
AMORTISATION
At 30 June 2023
and 29 June 2024 112,534
NET BOOK VALUE
At 29 June 2024 -
At 29 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 June 2023 2,595 249,751 52,629 7,499 312,474
Additions - 15,585 - - 15,585
At 29 June 2024 2,595 265,336 52,629 7,499 328,059
DEPRECIATION
At 30 June 2023 - 204,566 52,305 4,622 261,493
Charge for year - 9,116 49 432 9,597
At 29 June 2024 - 213,682 52,354 5,054 271,090
NET BOOK VALUE
At 29 June 2024 2,595 51,654 275 2,445 56,969
At 29 June 2023 2,595 45,185 324 2,877 50,981

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 June 2023
and 29 June 2024 11,620
NET BOOK VALUE
At 29 June 2024 11,620
At 29 June 2023 11,620

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

7. STOCKS
29.6.24 29.6.23
£    £   
Stocks 69,980 73,155

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade debtors 14,871 9,594
Amounts owed by connected company 16,600 15,000
Other debtors 23,393 23,738
54,864 48,332

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Bank loans and overdrafts (see note 11) 7,727 7,228
Trade creditors 26,501 22,200
Taxation 1,510 6,735
Value added tax 1,963 7,077
Other creditors - 5,763
Directors' current accounts 21,632 88
Accruals 3,250 3,250
62,583 52,341

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 29.6.23
£    £   
Bank loans (see note 11) 30,307 34,512

11. LOANS

An analysis of the maturity of loans is given below:

29.6.24 29.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 7,727 7,228

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,307 34,512

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.6.24 29.6.23
value: £    £   
100,000 Ordinary £1 100,000 100,000

WEYMAN LIMITED (REGISTERED NUMBER: 02496396)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 June 2024

13. RESERVES
Retained
earnings
£   

At 30 June 2023 950
Profit for the year 17,408
Dividends (14,000 )
At 29 June 2024 4,358