WELLS CONTRACT LTD

WELLS CONTRACT LTD

WELLS CONTRACT LTD - Company Information

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WELLS CONTRACT LTD

Company Registration Number:
08413554 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

WELLS CONTRACT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

WELLS CONTRACT LTD

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 288,739 298,165
Total fixed assets: 288,739 298,165
Current assets
Stocks: 278,018 271,227
Debtors:   251,805 170,726
Cash at bank and in hand: 7,496 53,207
Total current assets: 537,319 495,160
Creditors: amounts falling due within one year:   (393,714) (430,764)
Net current assets (liabilities): 143,605 64,396
Total assets less current liabilities: 432,344 362,561
Creditors: amounts falling due after more than one year:   (145,885) (151,083)
Provision for liabilities: (4,366) (8,504)
Total net assets (liabilities): 282,093 202,974
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 281,993 202,874
Shareholders funds: 282,093 202,974

The notes form part of these financial statements

WELLS CONTRACT LTD

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 April 2020
and signed on behalf of the board by:

Name: P Wells
Status: Director

The notes form part of these financial statements

WELLS CONTRACT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WELLS CONTRACT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Tangible Assets

Total
Cost £
At 01 January 2019 346,971
Additions 39,980
Disposals (74,365)
At 31 December 2019 312,586
Depreciation
At 01 January 2019 48,806
Charge for year 16,932
On disposals (41,891)
At 31 December 2019 23,847
Net book value
At 31 December 2019 288,739
At 31 December 2018 298,165