Company Registration Number: 00834278 (England and Wales)

W.H. Mewes and Son Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6
Detailed Profit and Loss Account	7

W.H. Mewes and Son Limited

Company Information

Director

Mr K A Moore

Registered office

2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

Accountants

Russell Phillips Limited Chartered Accountants2nd Floor Gerrards Cross Memorial Centre 8 East Common Gerrards Cross Buckinghamshire SL9 7AD

W.H. Mewes and Son Limited

(Registration number: 00834278)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Current assets
Stocks	5	94,088	107,283
Cash at bank and in hand		421,553	335,182
		515,641	442,465
Creditors: Amounts falling due within one year	7	(70,991)	(66,637)
Total assets less current liabilities		444,650	375,828
Creditors: Amounts falling due after more than one year	7	(6,667)	(16,688)
Net assets		437,983	359,140
Capital and reserves
Called up share capital		2,000	2,000
Retained earnings		435,983	357,140
Shareholders' funds		437,983	359,140

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 February 2025
 

......................................... Mr K A Moore Director

W.H. Mewes and Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
Gerrards Cross Memorial Centre
8 East Common
Gerrards Cross
Buckinghamshire
SL9 7AD

These financial statements were authorised for issue by the director on 28 February 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

W.H. Mewes and Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% on the reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

W.H. Mewes and Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 October 2023	141,858	141,858
Disposals	(141,858)	(141,858)
At 30 September 2024	-	-
Depreciation
At 1 October 2023	141,858	141,858
Eliminated on disposal	(141,858)	(141,858)
At 30 September 2024	-	-
Carrying amount
At 30 September 2024	-	-

5

Stocks

	2024 £	2023 £
Other inventories	94,088	107,283

6

Debtors

Current	2024 £	2023 £
	-	-

W.H. Mewes and Son Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	10,000	10,012
Taxation and social security		34,250	29,432
Accruals and deferred income		4,926	5,378
Other creditors		21,815	21,815
		70,991	66,637

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	6,667	16,688

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	10,012

W.H. Mewes and Son Limited

Detailed Profit and Loss Account for the Year Ended 30 September 2024

	2024  £	2023  £
Turnover	313,915	406,001
Opening finished goods	107,283	97,842
Purchases	77,242	178,425
Closing finished goods	(94,088)	(107,283)
Freight and carriage	-	4,454
Cost of sales	(90,437)	(173,438)
Gross profit	223,478	232,563
Administrative expenses
Directors remuneration	(37,500)	(37,500)
Directors NIC (Employers)	(3,919)	(4,006)
Rent	(40,239)	(49,645)
Rates	(2,913)	(3,963)
Light, heat and power	(6,825)	(5,628)
Insurance	(1,174)	-
Repairs and maintenance	(2,039)	(2,648)
Telephone and fax	(1,651)	(2,550)
Printing, postage and stationery	(150)	(77)
Hire of equipment	(187)	(250)
Sundry expenses	(1,605)	-
Motor expenses	(1,620)	(1,620)
Rail, air and taxi fares	-	(21)
Accountancy fees	(4,467)	(4,718)
Bank charges	(407)	(649)
Credit card charges	(4,619)	(5,480)
	(109,315)	(118,755)
Operating profit	114,163	113,808
Other interest receivable and similar income	5,530	1,987
Interest payable and similar charges	(519)	(790)
	5,011	1,197
Profit before tax	119,174	115,005