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Registration number: 09360496

WDS Commercial Limited

Unaudited Financial Statements

for the Year Ended 31 December 2021

 

WDS Commercial Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

WDS Commercial Limited

(Registration number: 09360496)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Current assets

 

Debtors

4

13,650

64,967

Cash at bank and in hand

 

3,781

10,874

 

17,431

75,841

Creditors: Amounts falling due within one year

5

(15,246)

(74,383)

Net assets

 

2,185

1,458

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,085

1,358

Shareholders' funds

 

2,185

1,458

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 May 2022 and signed on its behalf by:
 

.........................................
Mr P Saron
Director

.........................................
Mr PR Kenney
Director

 

WDS Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
Unit 6, Bankfield Court
Commercial Road
Bromborough
Wirral
CH62 3NL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

 

WDS Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2020 - 2).

4

Debtors

Current

2021
£

2020
£

Other debtors

13,650

64,967

5

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Trade creditors

 

-

24,185

Taxation and social security

 

14,797

10,765

Other creditors

 

449

39,433

 

15,246

74,383