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 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

WELLS CONTRACT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

WELLS CONTRACT LTD

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 285,739 288,739
Total fixed assets: 285,739 288,739
Current assets
Stocks: 261,824 278,018
Debtors:   82,994 251,805
Cash at bank and in hand: 93,391 7,496
Total current assets: 438,209 537,319
Creditors: amounts falling due within one year:   (329,211) (393,714)
Net current assets (liabilities): 108,998 143,605
Total assets less current liabilities: 394,737 432,344
Creditors: amounts falling due after more than one year:   (119,571) (145,885)
Provision for liabilities: (4,952) (4,366)
Total net assets (liabilities): 270,214 282,093
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 270,114 281,993
Shareholders funds: 270,214 282,093

The notes form part of these financial statements

WELLS CONTRACT LTD

Balance sheet statements

For the year ending 31 December 2020 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 22 December 2021
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 2020

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 2020

2. Employees

2020 2019
Average number of employees during the period 5 5

WELLS CONTRACT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 312,586
At 31 December 2020 312,586
Depreciation
At 01 January 2020 23,847
Charge for year 3,000
At 31 December 2020 26,847
Net book value
At 31 December 2020 285,739
At 31 December 2019 288,739