Registered number
08961835
WMPC Limited
Unaudited Filleted Accounts
31 March 2023
WMPC Limited
Registered number: 08961835
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 80 472
Investments 4 20,100 31,100
20,180 31,572
Current assets
Debtors 5 190,250 192,199
Cash at bank and in hand 395 2,056
190,645 194,255
Creditors: amounts falling due within one year 6 (49,670) (139)
Net current assets 140,975 194,116
Total assets less current liabilities 161,155 225,688
Provisions for liabilities (15) (90)
Net assets 161,140 225,598
Capital and reserves
Called up share capital 1 1
Profit and loss account 161,139 225,597
Shareholders' funds 161,140 225,598
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W. Minchin
Director
Approved by the board on 18 October 2023
WMPC Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are repayable on demand and therefore recognised at face value.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 1,324
At 31 March 2023 1,324
Depreciation
At 1 April 2022 852
Charge for the year 392
At 31 March 2023 1,244
Net book value
At 31 March 2023 80
At 31 March 2022 472
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2022 100 31,000 31,100
Revaluation - (11,000) (11,000)
At 31 March 2023 100 20,000 20,100
Historical cost
At 1 April 2022 100 9,023
At 31 March 2023 100 9,023
The revaluation has been provided by the director based on information available at the year end.
5 Debtors 2023 2022
£ £
Other debtors 190,250 192,199
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 60 29
Other creditors 49,610 110
49,670 139
7 Controlling party
The company is controlled by the directors.
8 Other information
WMPC Limited is a private company limited by shares and incorporated in England. Its registered office is:
Barn Ridge
Coopers Hill Road
Redhill
Surrey
RH1 5PD
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