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Wegeteco Ltd
Registered Number:12184655
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
Wegeteco Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
12184655
As at 31 August 2024
Wegeteco Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
8,357
508
2
8,357
508
Current assets
Trade and other receivables
6,179
2,917
3
32,399
Cash and cash equivalents
50,034
52,951
38,578
Trade and other payables: amounts falling due within one year
(14,246)
(17,073)
4
24,332
35,878
Net current assets
Total assets less current liabilities
44,235
24,840
Trade and other payables: amounts falling due after more than
one year
(3,500)
(1,500)
5
(2,215)
(97)
Provisions for liabilities
40,520
Net assets
21,243
Capital and reserves
Called up share capital
1
1
Retained earnings
40,519
21,242
40,520
21,243
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 Carl Titterton Director
These financial statements were approved and authorised for issue by the Board on 08 May 2025 and were signed by:
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4
Registered Number :
12184655
For the year ended 31 August 2024
Wegeteco Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 August 2024
Wegeteco Ltd
Notes to the Financial Statements
Statutory Information
Wegeteco Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 12184655.
Principal place of business:
50 Springfield Road
Stoke on Trent
Staffordshire
ST4 6RZ
Registered address:
Suite 1, Old Stables Court
6a Queen Street
Newcastle-Under-Lyme
Staffordshire
ST5 1ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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:
33% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
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.
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6
For the year ended 31 August 2024
Wegeteco Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or valuation
At 01 September 2023
1,076
1,076
-
10,690
-
10,690
Additions
At 31 August 2024
10,690
1,076
11,766
Provision for depreciation and impairment
At 01 September 2023
568
568
-
Charge for year
2,841
168
2,673
At 31 August 2024
3,409
736
2,673
At 31 August 2024
Net book value
8,017
340
8,357
At 31 August 2023
-
508
508
3. Trade and other receivables
2023
2024
£
£
Trade debtors
2,380
5,965
Other debtors
537
214
6,179
2,917
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,000
2,000
Taxation and social security
13,654
8,148
Other creditors
1,419
4,098
17,073
14,246
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
1,500
3,500
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7
For the year ended 31 August 2024
Wegeteco Ltd
Notes to the Financial Statements Continued
6. Related party transactions
Included within other creditors is the directors loan account balance of £886 (2023 £3,818). This loan is interest free with no
fixed date of repayment.
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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