REGISTERED NUMBER: 08002533 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WEBBS OF CANNOCK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S C Webb

V P Webb

REGISTERED OFFICE:

Charter House

161 Newhall Street

Birmingham

West Midlands

B3 1SW

REGISTERED NUMBER:

08002533 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Intangible assets

4

47,283

50,646

Tangible assets

5

224,638

195,941

271,921

246,587

CURRENT ASSETS

Stocks

231,621

237,900

Debtors

6

112,811

102,895

Cash at bank and in hand

39,034

44,379

383,466

385,174

CREDITORS

Amounts falling due within one year

7

404,993

414,026

NET CURRENT LIABILITIES

(21,527

)

(28,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,394

217,735

CREDITORS

Amounts falling due after more than one year

8

(40,161

)

(37,347

)

PROVISIONS FOR LIABILITIES

(3,875

)

-

NET ASSETS

206,358

180,388

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

206,258

180,288

SHAREHOLDERS' FUNDS

206,358

180,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S C Webb - Director

1.	STATUTORY INFORMATION

Webbs Of Cannock Ltd 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.	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 represents net invoiced sales of goods, excluding value added tax, together with rental receipts on long term hire of assets to customers. Sales of goods are recognised on delivery or supply of the goods to customers and rental income is recognised on an incremental basis over the period of the contracted hire agreement.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33.33% on cost

Stocks

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

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolescence. Cost comprises the invoiced value from the supplier, together with any delivery charges. Net realisable value is the anticipated proceeds, less any further costs that would be incurred on disposal of the same.

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.

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 10 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

10,003

117,497

127,500

Additions

-

25,170

25,170

At 31 March 2025

10,003

142,667

152,670

AMORTISATION

At 1 April 2024

10,003

66,851

76,854

Charge for year

-

28,533

28,533

At 31 March 2025

10,003

95,384

105,387

NET BOOK VALUE

At 31 March 2025

-

47,283

47,283

At 31 March 2024

-

50,646

50,646

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

221,368

71,138

33,794

5,285

331,585

Additions

-

8,786

33,750

-

42,536

Disposals

-

(8,389

)

-

-

(8,389

)

At 31 March 2025

221,368

71,535

67,544

5,285

365,732

DEPRECIATION

At 1 April 2024

35,124

64,752

31,733

4,035

135,644

Charge for year

2,927

3,053

4,968

1,143

12,091

Eliminated on disposal

-

(6,641

)

-

-

(6,641

)

At 31 March 2025

38,051

61,164

36,701

5,178

141,094

NET BOOK VALUE

At 31 March 2025

183,317

10,371

30,843

107

224,638

At 31 March 2024

186,244

6,386

2,061

1,250

195,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

112,111

92,060

Other debtors

700

10,835

112,811

102,895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,783

19,521

Hire purchase contracts

6,828

-

Trade creditors

128,675

111,634

Taxation and social security

8,018

18,909

Other creditors

228,689

263,962

404,993

414,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

16,263

37,347

Hire purchase contracts

23,898

-

40,161

37,347

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

49,046

56,868

Hire purchase contracts

30,726

-

79,772

56,868

The bank loan is secured by a mortgage deed dated 7 June 2012, with a fixed legal mortgage over the freehold property of the company.

The hire purchase contract is secured on the asset to which it relates.