WESLEY HOUSE LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
38,503
28,000
Cash at bank and in hand
(17)
5,597
Creditors: amounts falling due within one year
(4,543)
(1,481)
Net current (liabilities)/assets
(4,054)
4,116
Total assets less current liabilities
34,449
32,116
Creditors: amounts falling due after more than one year
(17,502)
(25,000)
Profit and loss account
16,947
7,116
Shareholders' funds
16,947
7,116
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 director acknowledges her 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 and authorised for issue on 25 April 2024 and were signed on its behalf by
Haulwen Gail SMITH
Director
Company Registration No. 08517040
WESLEY HOUSE LIMITED
Notes to the Accounts
for the year ended 31 May 2023
WESLEY HOUSE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08517040. The registered office is 37 NEWPORT ROAD, CALDICOT, NP26 4BG, WALES.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
Straight Line basis over 200 years. Refurbishment, straight line basis between 5yrs and 25yrs
Plant & machinery
5yrs to 15yrs
Motor vehicles
5yrs to 15yrs
Fixtures & fittings
5yrs to 10yrs
Computer equipment
3yrs to 5yrs
Other tangible fixed assets
3yrs to 10yrs
4
Tangible fixed assets
Plant & machinery
WESLEY HOUSE LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,543
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
