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REGISTERED NUMBER: 00089024 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Weston Shipley & Weston Ltd

Weston Shipley & Weston Ltd (Registered number: 00089024)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Weston Shipley & Weston Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J B Berry





SECRETARY: Mrs N S Berry





REGISTERED OFFICE: Unit 19
308A Melton Road
Leicester
Leicestershire
LE4 7SL





REGISTERED NUMBER: 00089024 (England and Wales)





ACCOUNTANTS: Blythe Phillips & Co.
8/9 Earls Way
Halesowen
West Midlands
B63 3HR

Weston Shipley & Weston Ltd (Registered number: 00089024)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,182 350,182

CURRENT ASSETS
Stocks 52,428 27,569
Debtors 5 5,880 16,650
Prepayments and accrued income 859 774
Cash at bank 29,934 40,993
89,101 85,986
CREDITORS
Amounts falling due within one year 6 27,952 35,144
NET CURRENT ASSETS 61,149 50,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,331

401,024

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 399,331 389,024
SHAREHOLDERS' FUNDS 411,331 401,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 director and authorised for issue on 19 March 2025 and were signed by:





J B Berry - Director


Weston Shipley & Weston Ltd (Registered number: 00089024)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Weston Shipley & Weston Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Weston Shipley & Weston Ltd (Registered number: 00089024)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 350,182
NET BOOK VALUE
At 31 July 2024 350,182
At 31 July 2023 350,182

Included in cost or valuation of land and buildings is freehold land of £ 350,182 (2023 - £ 350,182 ) which is not depreciated.

Cost or valuation at 31 July 2024 is represented by:

Land and
buildings
£   
Valuation in 2017 245,000
Cost 105,182
350,182

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

31.7.24 31.7.23
£    £   
Cost 105,182 105,182

Value of land in freehold land and buildings 105,182 105,182

Freehold land & Buildings were valued on an open market basis basis on 31 July 2017 by James Berry. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 5,880 16,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 13,724 18,637
Trade creditors 4,292 2,791
Taxation and social security 2,619 2,437
Other creditors 7,317 11,279
27,952 35,144