2023-09-01 04270187 2024-08-31 04270187 2023-09-01 2024-08-31 04270187 2023-08-31 04270187 2022-09-01 2023-08-31 04270187 uk-core:WithinOneYear 2023-08-31 04270187 uk-core:WithinOneYear 2024-08-31 04270187 uk-core:ShareCapital 2024-08-31 04270187 uk-core:ShareCapital 2023-08-31 04270187 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 04270187 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 04270187 uk-bus:Director1 2023-09-01 2024-08-31 04270187 uk-core:NetGoodwill 2023-09-01 2024-08-31 04270187 uk-core:LeaseholdImprovements 2023-09-01 2024-08-31 04270187 uk-core:PlantMachinery 2023-09-01 2024-08-31 04270187 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 04270187 uk-core:FurnitureFittings 2023-09-01 2024-08-31 04270187 uk-core:Goodwill 2023-08-31 04270187 uk-core:Goodwill 2024-08-31 04270187 uk-core:FurnitureFittings 2023-08-31 04270187 uk-core:CommercialMotorVehicles 2023-08-31 04270187 uk-core:PlantMachinery 2023-08-31 04270187 uk-core:LeaseholdImprovements 2023-08-31 04270187 uk-core:PlantMachinery 2024-08-31 04270187 uk-core:CommercialMotorVehicles 2024-08-31 04270187 uk-core:FurnitureFittings 2024-08-31 04270187 uk-core:LeaseholdImprovements 2024-08-31 iso4217:GBP xbrli:pure 04270187 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04270187 uk-bus:FRS102 2023-09-01 2024-08-31 04270187 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 04270187 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Weymouth Quality Engineering Ltd
Registered Number:04270187
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Weymouth Quality Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04270187
As at 31 August 2024
Weymouth Quality Engineering Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
11,219
13,226
3
11,219
13,226
Current assets
Inventories
14,419
14,558
4
Trade and other receivables
138,655
65,369
5
67,346
Cash and cash equivalents
129,837
209,764
220,420
Trade and other payables: amounts falling due within one
year
(49,025)
(38,793)
6
171,395
170,971
Net current assets
Total assets less current liabilities
182,190
184,621
(2,428)
(2,428)
Provisions for liabilities
179,762
Net assets
182,193
Capital and reserves
Called up share capital
100,000
100,000
Retained earnings
79,762
82,193
179,762
182,193
Shareholders' funds
For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Roger Cary Director
These financial statements were approved and authorised for issue by the Board on 12 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
Weymouth Quality Engineering Ltd
Notes to the Financial Statements
Statutory Information
Weymouth Quality Engineering Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04270187.
Registered address:
31 Cambridge Road
Granby Industrial Estate
Weymouth
Dorset
DT4 9TJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2001, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 August 2024
Weymouth Quality Engineering Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 September 2023
120,000
At 31 August 2024
120,000
Amortisation
At 01 September 2023
120,000
At 31 August 2024
120,000
Net book value
At 31 August 2024
-
At 31 August 2023
-
3. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 September 2023
341,107
23,627
9,250
301,670
6,560
At 31 August 2024
301,670
9,250
23,627
341,107
6,560
Provision for depreciation and impairment
At 01 September 2023
327,881
20,641
9,028
291,652
6,560
Charge for year
2,007
448
56
1,503
-
At 31 August 2024
329,888
21,089
9,084
293,155
6,560
At 31 August 2024
Net book value
-
8,515
166
2,538
11,219
At 31 August 2023
-
10,018
222
2,986
13,226
4. Inventories
2023
2024
£
£
Stocks
14,558
14,419
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6
For the year ended 31 August 2024
Weymouth Quality Engineering Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
58,331
131,617
Other debtors
7,038
7,038
138,655
65,369
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,062
16,836
Taxation and social security
26,709
26,787
Other creditors
7,022
5,402
38,793
49,025
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 4)
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