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REGISTERED NUMBER: 01860287 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WEBB-ELEC LIMITED

WEBB-ELEC LIMITED (REGISTERED NUMBER: 01860287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WEBB-ELEC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J P Webb
Mrs G M Webb





REGISTERED OFFICE: Unit 27
Owen Road
Willenhall
West Midlands
WV13 2PY





REGISTERED NUMBER: 01860287 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

WEBB-ELEC LIMITED (REGISTERED NUMBER: 01860287)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 582,567 609,278
Investments 5 106,561 105,010
689,128 714,288

CURRENT ASSETS
Stocks 26,074 45,169
Debtors 6 327,093 388,300
Prepayments and accrued income 10,616 9,654
Cash at bank and in hand 521,518 432,607
885,301 875,730
CREDITORS
Amounts falling due within one year 7 345,400 401,994
NET CURRENT ASSETS 539,901 473,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,229,029

1,188,024

CREDITORS
Amounts falling due after more than one
year

8

(7,777

)

(29,080

)

PROVISIONS FOR LIABILITIES (31,100 ) (25,300 )
NET ASSETS 1,190,152 1,133,644

CAPITAL AND RESERVES
Called up share capital 21,600 21,600
Fair value reserve 9 346,420 345,042
Capital redemption reserve 13,500 13,500
Retained earnings 808,632 753,502
SHAREHOLDERS' FUNDS 1,190,152 1,133,644

WEBB-ELEC LIMITED (REGISTERED NUMBER: 01860287)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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

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

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 26 March 2025 and were signed on its behalf by:





J P Webb - Director


WEBB-ELEC LIMITED (REGISTERED NUMBER: 01860287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Webb-Elec 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.

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.
Freehold property - 2% on cost
Plant and equipment - 15% on cost
Fixtures, fittings and office equipment - 20% on cost
Motor vehicles - 25% on reducing balance

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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

WEBB-ELEC LIMITED (REGISTERED NUMBER: 01860287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Freehold Plant and office Motor
property equipment equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 375,000 222,657 80,058 205,499 883,214
Additions - 46,953 1,020 - 47,973
Disposals - (25,648 ) (24,030 ) - (49,678 )
At 31 December 2024 375,000 243,962 57,048 205,499 881,509
DEPRECIATION
At 1 January 2024 6,400 149,297 52,907 65,332 273,936
Charge for year 6,400 24,173 8,404 35,042 74,019
Eliminated on disposal - (24,983 ) (24,030 ) - (49,013 )
At 31 December 2024 12,800 148,487 37,281 100,374 298,942
NET BOOK VALUE
At 31 December 2024 362,200 95,475 19,767 105,125 582,567
At 31 December 2023 368,600 73,360 27,151 140,167 609,278

The freehold properties have been valued on the following basis: The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arms length transaction, after proper marketing and where the parties had each acted knowledgeably, prudently and without compulsion.

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2024 105,010
Additions 1,303
Disposals (713 )
Revaluations 961
At 31 December 2024 106,561
NET BOOK VALUE
At 31 December 2024 106,561
At 31 December 2023 105,010

WEBB-ELEC LIMITED (REGISTERED NUMBER: 01860287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Listed
investments
£   
Valuation in 2020 11,530
Valuation in 2021 9,509
Valuation in 2022 (14,154 )
Valuation in 2023 6,957
Valuation in 2024 1,551
Cost 91,168
106,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 327,093 388,300

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,304 24,998
Trade creditors 166,611 175,122
Taxation and social security 125,739 175,559
Other creditors 31,746 26,315
345,400 401,994

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 7,777 29,080

9. RESERVES
Fair
value
reserve
£   
At 1 January 2024 345,042
Fair value adjustment 1,378

At 31 December 2024 346,420