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REGISTERED NUMBER: 00908450 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WAKERING ENGINEERING CO.LIMITED

WAKERING ENGINEERING CO.LIMITED (REGISTERED NUMBER: 00908450)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WAKERING ENGINEERING CO.LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T S Smith
S E Smith





SECRETARY: S E Smith





REGISTERED OFFICE: 900, Cornwallis House
Howard Chase
Basildon
Essex
SS14 3BB





REGISTERED NUMBER: 00908450 (England and Wales)





ACCOUNTANTS: Clive Shedd & Co
Chartered Accountants
232 Sladepool Farm Road
Birmingham
B14 5EE

WAKERING ENGINEERING CO.LIMITED (REGISTERED NUMBER: 00908450)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,968,667 1,877,913
1,968,667 1,877,913

CURRENT ASSETS
Stocks 375,214 343,178
Debtors 7 125,645 117,802
Investments 8 620,926 962,268
Cash at bank and in hand 126,812 58,560
1,248,597 1,481,808
CREDITORS
Amounts falling due within one year 9 319,743 306,580
NET CURRENT ASSETS 928,854 1,175,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,897,521

3,053,141

CAPITAL AND RESERVES
Called up share capital 10 1,200 1,200
Retained earnings 2,896,321 3,051,941
SHAREHOLDERS' FUNDS 2,897,521 3,053,141

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

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

WAKERING ENGINEERING CO.LIMITED (REGISTERED NUMBER: 00908450)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 31 May 2025 and were signed on its behalf by:





T S Smith - Director


WAKERING ENGINEERING CO.LIMITED (REGISTERED NUMBER: 00908450)

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

1. STATUTORY INFORMATION

Wakering Engineering Co.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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the measurement of investments at fair value.

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Significant judgements and estimates
In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the year under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

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, has been written off in a previous accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 5% on reducing balance

Tangible fixed assets are initially recorded at cost.

Investments
Current asset investments are measured at fair value with changes in fair value recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.


WAKERING ENGINEERING CO.LIMITED (REGISTERED NUMBER: 00908450)

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

3. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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 contributes to defined contribution pension schemes. Contributions payable by the company are charged to profit or loss in the period to which they relate.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 1
AMORTISATION
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

WAKERING ENGINEERING CO.LIMITED (REGISTERED NUMBER: 00908450)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 2,096,945 491,675 2,588,620
Additions 108,954 39,558 148,512
Disposals - (3,600 ) (3,600 )
At 31 May 2024 2,205,899 527,633 2,733,532
DEPRECIATION
At 1 June 2023 349,410 361,297 710,707
Charge for year 27,728 28,493 56,221
Eliminated on disposal - (2,063 ) (2,063 )
At 31 May 2024 377,138 387,727 764,865
NET BOOK VALUE
At 31 May 2024 1,828,761 139,906 1,968,667
At 31 May 2023 1,747,535 130,378 1,877,913

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors and prepayments 125,645 117,802

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments 620,926 962,268

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 92,084 72,129
Social security and other taxes 17,553 7,171
Other creditors 163,680 176,688
Accruals and deferred income 46,426 50,592
319,743 306,580

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 'A' Ordinary £1 1,000 1,000
200 'B' Ordinary £1 200 200
1,200 1,200