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REGISTERED NUMBER: 00890555 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WEIGHTWASH LIMITED

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEIGHTWASH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S Barker
Mr P A Boba





REGISTERED OFFICE: First Avenue
Millbrook
Southampton
Hampshire
SO15 0LJ





REGISTERED NUMBER: 00890555 (England and Wales)






WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 149,054 152,255

CURRENT ASSETS
Debtors 6 343,588 429,141
Cash at bank and in hand 136,055 141,336
479,643 570,477
CREDITORS
Amounts falling due within one year 7 247,712 299,884
NET CURRENT ASSETS 231,931 270,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,985

422,848

CREDITORS
Amounts falling due after more than one
year

8

(6,217

)

(39,695

)

PROVISIONS FOR LIABILITIES (29,472 ) (22,629 )
NET ASSETS 345,296 360,524

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 344,296 359,524
SHAREHOLDERS' FUNDS 345,296 360,524

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 2 June 2025 and were signed on its behalf by:





Mr P A Boba - Director


WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

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


1. STATUTORY INFORMATION

Weightwash 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Plant and machinery - 10% straight line
Motor vehicles - 25% straight line

All fixed assets are initially recorded at cost.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

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


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 20 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 610,400 110,198 720,598
Additions 28,676 - 28,676
Disposals (16,650 ) - (16,650 )
At 31 December 2024 622,426 110,198 732,624
DEPRECIATION
At 1 January 2024 494,948 73,395 568,343
Charge for year 19,328 12,549 31,877
Eliminated on disposal (16,650 ) - (16,650 )
At 31 December 2024 497,626 85,944 583,570
NET BOOK VALUE
At 31 December 2024 124,800 24,254 149,054
At 31 December 2023 115,452 36,803 152,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,022 211,631
Amounts owed by group undertakings 174,006 196,273
Other debtors 17,560 21,237
343,588 429,141

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 86,385 123,508
Hire purchase contracts - 4,262
Trade creditors 14,037 30,910
Taxation and social security 98,148 79,294
Other creditors 49,142 61,910
247,712 299,884

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,217 39,695

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 52,880 78,479
Bank loans 39,722 84,724
Hire purchase contracts - 4,262
92,602 167,465

Bank loans are secured by way of a Debenture, including a fixed and floating charge over all assets. Bank overdrafts are secured by a fixed charge on non-vesting debts and a floating charge.

Bank loans include amounts borrowed under the Bounce Back Loan Scheme. The Bounce Back Loan Scheme provides the lender with a government-backed guarantee against 100% of the outstanding facility balance.

Hire purchase contracts are secured over the assets acquired.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary A £1 500 500
500 Ordinary B £1 500 500
1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr P A Boba
Balance outstanding at start of year - 27,562
Amounts advanced - 3,442
Amounts repaid - (31,004 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr S Barker
Balance outstanding at start of year - 27,568
Amounts advanced - 3,412
Amounts repaid - (30,980 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

WEIGHTWASH LIMITED (REGISTERED NUMBER: 00890555)

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


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loans were unsecured with interest charged at HMRC approved rates.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.