IRIS Accounts Production v24.3.2.46 01542774 Board of Directors 1.7.23 30.6.24 30.6.24 25/3/25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015427742023-06-30015427742024-06-30015427742023-07-012024-06-30015427742022-06-30015427742022-07-012023-06-30015427742023-06-3001542774ns15:EnglandWales2023-07-012024-06-3001542774ns14:PoundSterling2023-07-012024-06-3001542774ns10:Director12023-07-012024-06-3001542774ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001542774ns10:SmallEntities2023-07-012024-06-3001542774ns10:Audited2023-07-012024-06-3001542774ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001542774ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001542774ns10:FullAccounts2023-07-012024-06-3001542774ns10:Director22023-07-012024-06-3001542774ns10:Director32023-07-012024-06-3001542774ns10:RegisteredOffice2023-07-012024-06-3001542774ns5:CurrentFinancialInstruments2024-06-3001542774ns5:CurrentFinancialInstruments2023-06-3001542774ns5:ShareCapital2024-06-3001542774ns5:ShareCapital2023-06-3001542774ns5:RevaluationReserve2024-06-3001542774ns5:RevaluationReserve2023-06-3001542774ns5:RetainedEarningsAccumulatedLosses2024-06-3001542774ns5:RetainedEarningsAccumulatedLosses2023-06-3001542774ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3001542774ns5:PlantMachinery2023-07-012024-06-3001542774ns5:MotorVehicles2023-07-012024-06-3001542774ns5:LandBuildings2023-06-3001542774ns5:PlantMachinery2023-06-3001542774ns5:LandBuildings2023-07-012024-06-3001542774ns5:LandBuildings2024-06-3001542774ns5:PlantMachinery2024-06-3001542774ns5:LandBuildings2023-06-3001542774ns5:PlantMachinery2023-06-3001542774ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3001542774ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3001542774ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 01542774 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

CANBERRA WELLS LIMITED

CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CANBERRA WELLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: R W J Andrews
R Andrews
K Woodbine





REGISTERED OFFICE: Midtherm House
New Road
Netherton
Dudley
West Midlands
DY2 8SY





REGISTERED NUMBER: 01542774 (England and Wales)





AUDITORS: French Ludlam & Co Limited
Statutory Auditors and Accountants
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 254,180 264,312

CURRENT ASSETS
Stocks 78,048 88,173
Debtors 5 230,832 335,277
Cash at bank and in hand 17,121 80,615
326,001 504,065
CREDITORS
Amounts falling due within one year 6 (53,605 ) (54,785 )
NET CURRENT ASSETS 272,396 449,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,576

713,592

PROVISIONS FOR LIABILITIES (31,923 ) (33,542 )
NET ASSETS 494,653 680,050

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve 7 94,456 96,705
Retained earnings 300,197 483,345
494,653 680,050

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2025 and were signed on its behalf by:





R Andrews - Director


CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Canberra Wells 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue is recognised at the fair value of the consideration received or receivable and represents the amount receivable for for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the period of the lease
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance

Land and buildings held and used in the Company's own activities for storage and sale of goods and administrative purposes, are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve. Once a revalued property is sold any attributable revaluation surplus that is remaining in the revaluation reserve is transferred to retained earnings.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st July 2023 270,000 307,050 577,050
Additions - 370 370
At 30th June 2024 270,000 307,420 577,420
DEPRECIATION
At 1st July 2023 28,125 284,613 312,738
Charge for year 5,625 4,877 10,502
At 30th June 2024 33,750 289,490 323,240
NET BOOK VALUE
At 30th June 2024 236,250 17,930 254,180
At 30th June 2023 241,875 22,437 264,312

Cost or valuation at 30th June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 28,098 - 28,098
Cost 241,902 307,420 549,322
270,000 307,420 577,420

If leasehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 241,902 241,902
Aggregate depreciation 151,498 146,202

Leasehold land and buildings were valued on an open market basis on 30 June 2018 by Sellers Chartered Surveyors. The directors consider that any change in the value is not material.

CANBERRA WELLS LIMITED (REGISTERED NUMBER: 01542774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,198 120,010
Amounts owed by group undertakings 146,900 205,468
Other debtors 12,734 9,799
230,832 335,277

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,753 31,611
Taxation and social security 12,934 13,011
Other creditors 8,918 10,163
53,605 54,785

7. RESERVES
Revaluation
reserve
£   
At 1st July 2023 96,705
Transfer (2,249 )

At 30th June 2024 94,456

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen B Ludlam (Senior Statutory Auditor)
for and on behalf of French Ludlam & Co Limited

9. ULTIMATE CONTROLLING PARTY

The controlling party is Midtherm Flue Systems Limited.

The registered address of this company is:

New Road, Netherton, Dudley, West Midlands DY2 8SY.

The company is a member of the Midtherm Group.

Consolidated accounts may be obtained on line from Companies House,