WEP FABRICATIONS LIMITED

WEP FABRICATIONS LIMITED

WEP FABRICATIONS LIMITED - Company Information

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1 June 2022 false No description of principal activity Taxfiler 2023.8 6604853business:PrivateLimitedCompanyLtd2022-06-012023-05-31 66048532022-05-31 66048532022-06-012023-05-31 6604853business:AuditExemptWithAccountantsReport2022-06-012023-05-31 6604853business:FilletedAccounts2022-06-012023-05-31 66048532023-05-31 6604853business:Director12022-06-012023-05-31 6604853business:Director22022-06-012023-05-31 6604853business:CompanySecretary12022-06-012023-05-31 6604853business:RegisteredOffice2022-06-012023-05-31 66048532022-05-31 6604853core:WithinOneYear2023-05-31 6604853core:WithinOneYear2022-05-31 6604853core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 6604853core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 6604853core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 6604853core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 6604853core:PreviouslyStatedAmount2023-05-31 6604853core:PreviouslyStatedAmount2022-05-31 6604853business:SmallEntities2022-06-012023-05-31 6604853countries:EnglandWales2022-06-012023-05-31 6604853core:LandBuildings2022-06-012023-05-31 6604853core:PlantMachinery2022-06-012023-05-31 6604853core:MotorVehicles2022-06-012023-05-31 6604853core:LandBuildings2022-05-31 6604853core:PlantMachinery2022-05-31 6604853core:MotorVehicles2022-05-31 6604853core:LandBuildings2023-05-31 6604853core:PlantMachinery2023-05-31 6604853core:MotorVehicles2023-05-31 6604853core:AfterOneYear2023-05-31 6604853core:AfterOneYear2022-05-31 6604853business:OrdinaryShareClass12022-06-012023-05-31 6604853business:OrdinaryShareClass12021-06-012022-05-31 6604853business:OrdinaryShareClass22022-06-012023-05-31 6604853business:OrdinaryShareClass22021-06-012022-05-31 6604853business:AllOrdinaryShares2022-06-012023-05-31 6604853business:AllOrdinaryShares2021-06-012022-05-31 66048532021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 6604853 (England and Wales)
WEP FABRICATIONS LIMITED Unaudited accounts for the year ended 31 May 2023
WEP FABRICATIONS LIMITED Unaudited accounts Contents
Page
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WEP FABRICATIONS LIMITED Company Information for the year ended 31 May 2023
Directors
Mr W E Pentelow Mrs H E Pentelow
Secretary
Mrs H E Pentelow
Company Number
6604853 (England and Wales)
Registered Office
47 Algores Way Wisbech Cambs PE13 2TQ
Accountants
ALMS Limited 12 Orchard Drive West Walton Cambs PE14 7EZ
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WEP FABRICATIONS LIMITED Accountants' report
Accountants' report to the board of directors of WEP FABRICATIONS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WEP FABRICATIONS LIMITED for the year ended 31 May 2023 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 FABRICATIONS 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 FABRICATIONS 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 FABRICATIONS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WEP FABRICATIONS 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 FABRICATIONS LIMITED. You consider that WEP FABRICATIONS 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 FABRICATIONS 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 30 June 2023
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WEP FABRICATIONS LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
732,425 
598,309 
Current assets
Inventories
18,000 
31,700 
Debtors
5
422,790 
234,861 
Cash at bank and in hand
350,776 
351,666 
791,566 
618,227 
Creditors: amounts falling due within one year
6
(296,588)
(355,181)
Net current assets
494,978 
263,046 
Net assets
1,227,403 
861,355 
Capital and reserves
Called up share capital
7
200 
200 
Profit and loss account
1,227,203 
861,155 
Shareholders' funds
1,227,403 
861,355 
For the year ending 31 May 2023 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 30 June 2023 and were signed on its behalf by
Mrs H E Pentelow Director Company Registration No. 6604853
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WEP FABRICATIONS LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
WEP FABRICATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6604853. The registered office is 47 Algores Way, Wisbech, Cambs, PE13 2TQ.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
561,280 
123,668 
14,290 
699,238 
Additions
- 
118,885 
40,512 
159,397 
At 31 May 2023
561,280 
242,553 
54,802 
858,635 
Depreciation
At 1 June 2022
- 
87,711 
13,218 
100,929 
Charge for the year
- 
24,209 
1,072 
25,281 
At 31 May 2023
- 
111,920 
14,290 
126,210 
Net book value
At 31 May 2023
561,280 
130,633 
40,512 
732,425 
At 31 May 2022
561,280 
35,957 
1,072 
598,309 
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WEP FABRICATIONS LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
360,328 
234,307 
Other debtors
50,000 
554 
410,328 
234,861 
Amounts falling due after more than one year
Other debtors
12,462 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
79,816 
60,326 
Trade creditors
104,791 
155,106 
Taxes and social security
44,340 
44,000 
Loans from directors
35,984 
53,644 
Accruals
31,657 
42,105 
296,588 
355,181 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares - class A of £1 each
100 
100 
100 Ordinary shares - class B of £1 each
100 
100 
200 
200 
8
Average number of employees
During the year the average number of employees was 13 (2022: 12).
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