Company registration number: 12791620
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Iain Wetherill Associates Limited
Pages for filing with the Registrar
Company registration number: 12791620
Iain Wetherill Associates Limited
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1,011 2,021
1,011 2,021
Current assets
Debtors 5 5,443 94
Cash at bank and in hand 9,270 22,347
14,713 22,441
Creditors: amounts falling due within one
year 		6 (7,480) (16,695)
Net current assets 7,233 5,746
Total assets less current liabilities 8,244 7,767
Provisions for liabilities (192) (384)
NET ASSETS 8,052 7,383
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,952 7,283
TOTAL EQUITY 8,052 7,383
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12791620
Iain Wetherill Associates Limited
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 April 2026 and signed on its behalf by:
Mr I Wetherill, Director
28 April 2026
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Iain Wetherill Associates Limited
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Iain Wetherill Associates Limited is a private company registered in England and Wales. Its registered number is 12791620. The company is limited by shares. Its registered office is SRB Associates (Leicestershire) Limited, Pera Business Limited, Melton Mowbray, Leicestershire, LE13 0PB.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 33.33% straight line
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Iain Wetherill Associates Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 4,950
At 31 August 2025 4,950
Depreciation
At 1 September 2024 2,929
Charge for year 1,010
At 31 August 2025 3,939
Net book value
At 31 August 2025 1,011
At 31 August 2024 2,021
5 Debtors
2025 2024
£ £
Trade debtors 5,347 -
Prepayments and accrued income 96 94
5,443 94
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Iain Wetherill Associates Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
6 Creditors: amounts falling due within one year
2025 2024
£ £
Amounts owed to directors 4,395 3,851
Other creditors - 8,000
Taxation 591 1,194
Social security and other tax 596 2,000
Accruals and deferred income 1,898 1,650
7,480 16,695
7 Share capital
100 Ordinary £1 shares are allotted, issued and fully paid.
8 Related party transactions
In other creditors is an amount of £4,395 (2024 - £3,851) due to the directors, Mr I & Mrs D Wetherill. The amount is interest free and repayable on demand.
9 Controlling party
The controlling party is Mr I Wetherill.
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