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WEBB ELLIS LIMITED - Company Information

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Webb Ellis Limited

Registered Number:02652331

For the year ended 31 March 2018

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2018

Webb Ellis Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

Webb Ellis Limited

Statement of Financial Position

Registered Number :

02652331

2017

2018

Notes

Fixed assets

Intangible assets

33,896

Property, plant and equipment

17,286

16,843

51,182

50,739

Current assets

Inventories

259,830

299,073

Trade and other receivables

57,658

47,399

346,472

317,488

Trade and other payables: amounts falling due within one

year

(946,638)

(928,560)

(629,150)

(582,088)

Net current liabilities

Total assets less current liabilities

(530,906)

(578,411)

(530,906)

Net liabilities

(578,411)

Capital and reserves

Called up share capital

100

Retained earnings

(531,006)

(578,511)

(530,906)

(578,411)

Shareholders' funds

For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Lawrence Webb Director

These financial statements were approved and authorised for issue by the Board on 28 February 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

Webb Ellis Limited

Notes to the Financial Statements

Statutory Information

Webb Ellis Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 02652331.

Registered address:

5 & 6 St Matthews Street

Rugby

Warwickshire

CV21 3BY

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Intangible assets are included at cost as they are acquired by the company.The director has looked at the residual value of these assets and has concluded that their residual value is likely to exceed the original cost, and therefore there is no amortisation attributable to this class of asset.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.

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For the year ended 31 March 2018

Webb Ellis Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Other

Intangible

Assets

Cost or valuation

At 01 April 2017

33,896

At 31 March 2018

33,896

Net book value

At 31 March 2018

33,896

At 31 March 2017

33,896

Intangible assets are included within the accounts at cost as they are acquired by the company.

The director has looked at the residual value of these assets and has concluded that their residual value is likely to

exceed the original cost, and therefore there is no amortisation attributable to them.

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 April 2017

48,066

11,055

5,705

12,000

12,190

7,116

3,841

Additions

At 31 March 2018

7,116

12,000

5,705

14,896

51,907

12,190

Provision for depreciation and impairment

At 01 April 2017

31,223

9,435

5,629

5,250

10,909

Charge for year

3,398

1,366

1,688

325

At 31 March 2018

34,621

10,801

5,648

6,938

11,234

At 31 March 2018

Net book value

7,116

956

5,062

4,095

17,286

7,116

1,281

6,750

1,620

16,843

At 31 March 2017

4. Inventories

2017

2018

Stocks

299,073

259,830

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For the year ended 31 March 2018

Webb Ellis Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2017

2018

Trade debtors

42,583

49,683

Other debtors

4,816

7,975

57,658

47,399

6. Trade and other payables: amounts falling due within one year

2017

2018

Bank loans and overdraft

2,593

3,422

Trade creditors

52,527

40,650

Taxation and social security

19,580

22,707

Other creditors

853,860

879,859

928,560

946,638

7. Related party transactions

Within other creditors is an amount of £32,389 (2017 £38,970) that is payable to Chryso Limited by Webb Ellis

Limited. LE Webb is a director and shareholder of both Webb Ellis Limited and Chryso Limited Limited.

8. Average number of persons employed

During the year the average number of employees was 11 (2017 : 11)

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