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Company Registration No. 08037210 (England and Wales)
B M Wells Upholstery Limited Unaudited accounts for the year ended 31 December 2024
B M Wells Upholstery Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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B M Wells Upholstery Limited Company Information for the year ended 31 December 2024
Directors
Mr Barrie Well Mrs Sharon Wells
Company Number
08037210 (England and Wales)
Registered Office
SUSSEX COTTAGE UPPER BELGRAVE ROAD SEAFORD EAST SUSSEX BN25 3AD
Accountants
Claire Leitch Accounting Services Limited 24 The Heights Findon Valley Worthing West Sussex BN14 0AJ
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B M Wells Upholstery Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
7,244
8,834
Current assets
Debtors
5
215
-
Cash at bank and in hand
96,875
126,095
97,090
126,095
Creditors: amounts falling due within one year
6
(15,637)
(24,903)
Net current assets
81,453
101,192
Net assets
88,697
110,026
Capital and reserves
Called up share capital
7
10
10
Profit and loss account
88,687
110,016
Shareholders' funds
88,697
110,026
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by
Mr Barrie Well Director Company Registration No. 08037210
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B M Wells Upholstery Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
B M Wells Upholstery Limited is a private company, limited by shares, registered in England and Wales, registration number 08037210. The registered office is SUSSEX COTTAGE, UPPER BELGRAVE ROAD, SEAFORD, EAST SUSSEX, BN25 3AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
11,728
28,472
2,123
42,323
At 31 December 2024
11,728
28,472
2,123
42,323
Depreciation
At 1 January 2024
11,728
20,267
1,494
33,489
Charge for the year
-
1,477
113
1,590
At 31 December 2024
11,728
21,744
1,607
35,079
Net book value
At 31 December 2024
-
6,728
516
7,244
At 31 December 2023
-
8,205
629
8,834
5
Debtors
2024
2023
£
£
Amounts falling due after more than one year
Trade debtors
215
-
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B M Wells Upholstery Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
3,086
1,220
Trade creditors
2,321
6,254
Taxes and social security
8,150
5,033
Other creditors
-
3
Loans from directors
2,080
12,393
15,637
24,903
7
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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