REGISTERED NUMBER: 03929060 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28TH FEBRUARY 2025

FOR

WELBOURNS OF WISBECH LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

621,318

646,961

CURRENT ASSETS

Stocks

28,702

63,436

Debtors

5

349,885

343,145

Cash at bank

538

189

379,125

406,770

CREDITORS

Amounts falling due within one year

6

341,795

344,646

NET CURRENT ASSETS

37,330

62,124

TOTAL ASSETS LESS CURRENT LIABILITIES

658,648

709,085

CREDITORS

Amounts falling due after more than one year

7

(3,333

)

(26,933

)

PROVISIONS FOR LIABILITIES

(142,743

)

(142,743

)

NET ASSETS

512,572

539,409

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

512,272

539,109

SHAREHOLDERS' FUNDS

512,572

539,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2025 and were signed on its behalf by:

Mr C E J Welbourn - Director

1.	STATUTORY INFORMATION

Welbourns of Wisbech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03929060

Registered office:

3 New Bridge Lane

Wisbech

Cambridgeshire

PE14 0SE

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2024

1,640,818

Additions

204,482

Disposals

(167,718

)

At 28th February 2025

1,677,582

DEPRECIATION

At 1st March 2024

993,857

Charge for year

116,171

Eliminated on disposal

(53,764

)

At 28th February 2025

1,056,264

NET BOOK VALUE

At 28th February 2025

621,318

At 29th February 2024

646,961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

340,985

334,395

Other debtors

150

-

Prepayments

8,750

8,750

349,885

343,145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

44,171

39,137

Hire purchase contracts

-

9,600

Trade creditors

237,319

200,686

Tax

1,134

45,897

Social security and other taxes

15,108

6,052

VAT

36,473

25,904

Pension Creditor

-

534

Directors' loan accounts

3,590

13,336

Accrued expenses

4,000

3,500

341,795

344,646

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

Hire purchase contracts

-

13,600

3,333

26,933