WEP Powdercoating Limited

WEP Powdercoating Limited

WEP POWDERCOATING LIMITED - Company Information

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1 December 2019 false No description of principal activity Taxfiler 2021.6 11108714business:PrivateLimitedCompanyLtd2019-12-012020-11-30 111087142019-11-30 111087142019-12-012020-11-30 11108714business:AuditExemptWithAccountantsReport2019-12-012020-11-30 11108714business:FullAccounts2019-12-012020-11-30 111087142020-11-30 11108714business:Director12019-12-012020-11-30 11108714business:Director22019-12-012020-11-30 11108714business:RegisteredOffice2019-12-012020-11-30 111087142019-11-30 11108714core:WithinOneYear2020-11-30 11108714core:WithinOneYear2019-11-30 11108714core:ShareCapital2020-11-30 11108714core:ShareCapital2019-11-30 11108714core:RetainedEarningsAccumulatedLosses2020-11-30 11108714core:RetainedEarningsAccumulatedLosses2019-11-30 11108714business:SmallEntities2019-12-012020-11-30 11108714countries:EnglandWales2019-12-012020-11-30 11108714core:PlantMachinery2019-12-012020-11-30 11108714core:MotorVehicles2019-12-012020-11-30 11108714core:PlantMachinery2019-11-30 11108714core:MotorVehicles2019-11-30 11108714core:PlantMachinery2020-11-30 11108714core:MotorVehicles2020-11-30 111087142018-12-012019-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11108714 (England and Wales)
WEP Powdercoating Limited Unaudited accounts for the year ended 30 November 2020
WEP Powdercoating Limited Unaudited accounts Contents
Page
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WEP Powdercoating Limited Company Information for the year ended 30 November 2020
Directors
Wayne Pentelow Helen Pentelow
Company Number
11108714 (England and Wales)
Registered Office
47 Algores Way Wisbech Cambs PE13 2TQ England
Accountants
ALMS Limited 12 Orchard Drive West Walton Cambs PE14 7EZ
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WEP Powdercoating Limited Accountants' report
Accountants' report to the board of directors of WEP Powdercoating Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WEP Powdercoating Limited for the year ended 30 November 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of WEP Powdercoating Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of WEP Powdercoating Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WEP Powdercoating Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WEP Powdercoating Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WEP Powdercoating Limited. You consider that WEP Powdercoating Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of WEP Powdercoating Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
ALMS Limited 12 Orchard Drive West Walton Cambs PE14 7EZ 16 April 2021
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WEP Powdercoating Limited Statement of financial position as at 30 November 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
8,846 
6,795 
Current assets
Inventories
16,500 
- 
Debtors
5
47,986 
42,471 
Cash at bank and in hand
99,782 
50,374 
164,268 
92,845 
Creditors: amounts falling due within one year
6
(61,820)
(48,824)
Net current assets
102,448 
44,021 
Net assets
111,294 
50,816 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
111,194 
50,716 
Shareholders' funds
111,294 
50,816 
For the year ending 30 November 2020 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 16 April 2021 and were signed on its behalf by
Helen Pentelow Director Company Registration No. 11108714
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WEP Powdercoating Limited Notes to the Accounts for the year ended 30 November 2020
1
Statutory information
WEP Powdercoating Limited is a private company, limited by shares, registered in England and Wales, registration number 11108714. The registered office is 47 Algores Way, Wisbech, Cambs, PE13 2TQ, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2019
3,460 
4,500 
7,960 
Additions
5,000 
- 
5,000 
At 30 November 2020
8,460 
4,500 
12,960 
Depreciation
At 1 December 2019
865 
300 
1,165 
Charge for the year
1,899 
1,050 
2,949 
At 30 November 2020
2,764 
1,350 
4,114 
Net book value
At 30 November 2020
5,696 
3,150 
8,846 
At 30 November 2019
2,595 
4,200 
6,795 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
47,986 
42,471 
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WEP Powdercoating Limited Notes to the Accounts for the year ended 30 November 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
VAT
9,392 
- 
Trade creditors
10,509 
10,740 
Taxes and social security
22,992 
19,157 
Loans from directors
18,102 
18,102 
Accruals
825 
825 
61,820 
48,824 
7
Average number of employees
During the year the average number of employees was 4 (2019: 3).
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