Company Registration No. 03934064 (England and Wales)
VITEC WEBBER LENIHAN LIMITED
Unaudited accounts
for the year ended 31 May 2023
VITEC WEBBER LENIHAN LIMITED
Unaudited accounts
Contents
VITEC WEBBER LENIHAN LIMITED
Company Information
for the year ended 31 May 2023
Directors
G Harris
S Toogood
Company Number
03934064 (England and Wales)
Registered Office
7 VILLAGE WAY
TONGWYNLAIS
CARDIFF
CF15 7NE
WALES
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
VITEC WEBBER LENIHAN LIMITED
Statement of financial position
as at 31 May 2023
Intangible assets
40,000
45,000
Tangible assets
58,230
102,229
Investment property
516,344
284,130
Cash at bank and in hand
571,083
790,640
Creditors: amounts falling due within one year
(151,969)
(291,543)
Net current assets
619,782
776,118
Total assets less current liabilities
1,234,356
1,207,477
Creditors: amounts falling due after more than one year
(10,684)
(27,240)
Net assets
1,223,672
1,180,237
Called up share capital
100
100
Profit and loss account
1,223,572
1,180,137
Shareholders' funds
1,223,672
1,180,237
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 29 May 2024 and were signed on its behalf by
G Harris
Director
Company Registration No. 03934064
VITEC WEBBER LENIHAN LIMITED
Notes to the Accounts
for the year ended 31 May 2023
VITEC WEBBER LENIHAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03934064. The registered office is 7 VILLAGE WAY, TONGWYNLAIS, CARDIFF, CF15 7NE, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
12.5% on cost
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Investment property is included at cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
VITEC WEBBER LENIHAN LIMITED
Notes to the Accounts
for the year ended 31 May 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2022
199,771
41,270
36,300
50,715
328,056
Additions
-
4,738
-
-
4,738
At 31 May 2023
199,771
46,008
36,300
50,715
332,794
At 1 June 2022
149,771
34,070
9,080
32,906
225,827
Charge for the year
25,000
6,742
6,995
10,000
48,737
At 31 May 2023
174,771
40,812
16,075
42,906
274,564
At 31 May 2023
25,000
5,196
20,225
7,809
58,230
At 31 May 2022
50,000
7,200
27,220
17,809
102,229
Fair value at 1 June 2022
284,130
VITEC WEBBER LENIHAN LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
187,994
228,242
Accrued income and prepayments
8,474
25,752
8
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,157
13,710
Trade creditors
8,567
88,863
Taxes and social security
45,746
117,873
Other creditors
2,066
5,824
Loans from directors
3,293
-
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
10,684
27,240
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
