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REGISTERED NUMBER: 07896833 (England and Wales)















WMC TRAINING LTD

Unaudited Financial Statements

for the Year Ended 31 January 2023






WMC TRAINING LTD (REGISTERED NUMBER: 07896833)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WMC TRAINING LTD

Company Information
for the Year Ended 31 January 2023







DIRECTOR: P R Rees





REGISTERED OFFICE: Suites 56-57
Sophia House
Cathedral Rd
Cardiff
CF11 9LJ





REGISTERED NUMBER: 07896833 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

WMC TRAINING LTD (REGISTERED NUMBER: 07896833)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,728 11,041

CURRENT ASSETS
Debtors 5 158,460 104,866
Cash at bank 22,472 110,958
180,932 215,824
CREDITORS
Amounts falling due within one year 6 46,691 80,669
NET CURRENT ASSETS 134,241 135,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,969

146,196

PROVISIONS FOR LIABILITIES 1,848 1,038
NET ASSETS 142,121 145,158

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 142,120 145,157
142,121 145,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





P R Rees - Director


WMC TRAINING LTD (REGISTERED NUMBER: 07896833)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

WMC Training Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

WMC TRAINING LTD (REGISTERED NUMBER: 07896833)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022 22,274
Additions 1,966
At 31 January 2023 24,240
DEPRECIATION
At 1 February 2022 11,233
Charge for year 3,279
At 31 January 2023 14,512
NET BOOK VALUE
At 31 January 2023 9,728
At 31 January 2022 11,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 113,460 89,866
Amounts recoverable on contract 45,000 15,000
158,460 104,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - 495
Taxation and social security 46,156 59,760
Other creditors 535 20,414
46,691 80,669

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
P R Rees
Balance outstanding at start of year (934 ) 526
Amounts advanced 172,525 182,472
Amounts repaid (172,125 ) (183,932 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (534 ) (934 )