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REGISTERED NUMBER: 05146295 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Wessex Aerials Ltd

Wessex Aerials Ltd (Registered number: 05146295)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wessex Aerials Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: N J Monelle
A L Monelle





REGISTERED OFFICE: G8 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN





REGISTERED NUMBER: 05146295 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
79 Lynch Lane
Weymouth
Dorset
DT4 9DN

Wessex Aerials Ltd (Registered number: 05146295)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,647 83,112
70,647 83,112

CURRENT ASSETS
Stocks 6 36,347 37,826
Debtors 7 151,864 151,565
Cash at bank 102,102 75,638
290,313 265,029
CREDITORS
Amounts falling due within one year 8 92,455 105,252
NET CURRENT ASSETS 197,858 159,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,505

242,889

CREDITORS
Amounts falling due after more than one year 9 (12,355 ) (19,095 )

PROVISIONS FOR LIABILITIES (13,423 ) (15,791 )
NET ASSETS 242,727 208,003

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 242,627 207,903
SHAREHOLDERS' FUNDS 242,727 208,003

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 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.

Wessex Aerials Ltd (Registered number: 05146295)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by:




N J Monelle - Director



A L Monelle - Director


Wessex Aerials Ltd (Registered number: 05146295)

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

1. STATUTORY INFORMATION

Wessex Aerials 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.
Plant and machinery - 15% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

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.


Wessex Aerials Ltd (Registered number: 05146295)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company pays into 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 45,000
AMORTISATION
At 1 August 2023
and 31 July 2024 45,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Wessex Aerials Ltd (Registered number: 05146295)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 21,050 190,149 3,322 214,521
DEPRECIATION
At 1 August 2023 18,224 110,942 2,243 131,409
Charge for year 423 11,881 161 12,465
At 31 July 2024 18,647 122,823 2,404 143,874
NET BOOK VALUE
At 31 July 2024 2,403 67,326 918 70,647
At 31 July 2023 2,826 79,207 1,079 83,112

6. STOCKS
31.7.24 31.7.23
£    £   
Stocks 36,347 37,826

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 40,342 46,882
Other debtors 5,563 3,891
Other debtors 100,501 95,501
Prepayments 5,458 5,291
151,864 151,565

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 743 27,575
Other loans 16,957 24,432
Hire purchase contracts 6,739 6,739
Trade creditors 8,265 10,541
Tax 20,685 11,881
Social security and other taxes - 1,144
VAT 23,507 7,649
Other creditors 5,000 5,000
Directors' current accounts 7,019 8,781
Accrued expenses 3,540 1,510
92,455 105,252

Wessex Aerials Ltd (Registered number: 05146295)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 12,355 19,095

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100