Registered number
08413825
Weedtec Limited
Unaudited Filleted Accounts
28 February 2025
Weedtec Limited
Registered number: 08413825
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 28,748 34,312
Current assets
Debtors 4 1,008 -
Cash at bank and in hand (893) 4,793
115 4,793
Creditors: amounts falling due within one year 5 (17,822) (15,204)
Net current liabilities (17,707) (10,411)
Total assets less current liabilities 11,041 23,901
Creditors: amounts falling due after more than one year 6 (10,710) (17,991)
Net assets 331 5,910
Capital and reserves
Called up share capital 100 100
Profit and loss account 231 5,810
Shareholders' funds 331 5,910
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andrew Lee
Director
Approved by the board on 17 April 2025
Weedtec Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 33% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 7,825 570 59,998 68,393
Additions - - 4,104 4,104
At 28 February 2025 7,825 570 64,102 72,497
Depreciation
At 1 March 2024 7,014 390 26,677 34,081
Charge for the year 45 268 9,355 9,668
At 28 February 2025 7,059 658 36,032 43,749
Net book value
At 28 February 2025 766 (88) 28,070 28,748
At 29 February 2024 811 180 33,321 34,312
4 Debtors 2025 2024
£ £
Trade debtors 1,008 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bounce back loan 3,600 3,600
Obligations under finance lease and hire purchase contracts 3,681 3,681
Trade creditors - 485
Taxation and social security costs 8,903 5,858
Directors loan account 1,008 1,070
Other creditors 630 510
17,822 15,204
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bounce back loan 1,200 4,800
Obligations under finance lease and hire purchase contracts 9,510 13,191
10,710 17,991
7 Other information
Weedtec Limited is a private company limited by shares and incorporated in England. Its registered office is:
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
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