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Company registration number: 02806949
Warrender Engineering Company Limited
Unaudited filleted financial statements
31 December 2024
Warrender Engineering Company Limited
Contents
Balance sheet
Notes to the financial statements
Warrender Engineering Company Limited
Balance sheet
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 150,000 150,000
Investments 6 1 1
_______ _______
150,001 150,001
Current assets
Debtors 7 78,959 93,959
Cash at bank and in hand 5,917 1,545
_______ _______
84,876 95,504
Creditors: amounts falling due
within one year 8 ( 17,877) ( 17,877)
_______ _______
Net current assets 66,999 77,627
_______ _______
Total assets less current liabilities 217,000 227,628
_______ _______
Net assets 217,000 227,628
_______ _______
Capital and reserves
Called up share capital 100 100
Share premium account 8,975 8,975
Revaluation reserve 92,000 92,000
Profit and loss account 115,925 126,553
_______ _______
Shareholders funds 217,000 227,628
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
F Thornley
Director
Company registration number: 02806949
Warrender Engineering Company Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 565 Lytham Road, Blackpool, Lancashire, FY4 1SA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - NIL
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The company has not used any financial instruments in the year.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 January 2024 and 31 December 2024 150,000 150,000
_______ _______
Depreciation
At 1 January 2024 and 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 150,000 150,000
_______ _______
At 31 December 2023 150,000 150,000
_______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2024 and 31 December 2024 1 1
_______ _______
Impairment
At 1 January 2024 and 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 1 1
_______ _______
At 31 December 2023 1 1
_______ _______
7. Debtors
2024 2023
£ £
Other debtors 78,959 93,959
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 17,877 17,877
_______ _______
9. Directors advances, credits and guarantees
There were no advances, credits or guarantees made to the directors during the year.
10. Related party transactions
F Thornley has a 100% shareholding in Warrender Engineering Limited. Warrender Engineering Limited has a 50% shareholding in Electrical Distribution Supplies Limited.At the balance sheet date the inter-company loan amounts owed by Electrical Distribution Supplies Limited was £53,959 (2023 : £68,959).F Thornley has a 100% shareholding in Crystal Electrical Wholesale Limited.At the balance sheet date the inter-company loan amounts owed by Crystal Electrical Wholesale Limited was £25,000 (2023 : £25,000).All of these transactions were carried out at a true commercial rate.