IRIS Accounts Production v23.3.0.418 04972281 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049722812022-03-31049722812023-03-31049722812022-04-012023-03-31049722812021-03-31049722812021-04-012022-03-31049722812022-03-3104972281ns10:Originalns15:EnglandWales2022-04-012023-03-3104972281ns14:PoundSterlingns10:Original2022-04-012023-03-3104972281ns10:Originalns10:Director12022-04-012023-03-3104972281ns10:Original2022-04-012023-03-3104972281ns10:Original2023-03-3104972281ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104972281ns10:Originalns10:SmallEntities2022-04-012023-03-3104972281ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3104972281ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104972281ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104972281ns10:Originalns10:AbridgedAccounts2022-04-012023-03-3104972281ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104972281ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104972281ns10:Original2022-03-3104972281ns10:Originalns5:CurrentFinancialInstruments2023-03-3104972281ns10:Originalns5:CurrentFinancialInstruments2022-03-3104972281ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104972281ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104972281ns5:ShareCapitalns10:Original2023-03-3104972281ns5:ShareCapitalns10:Original2022-03-3104972281ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104972281ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104972281ns10:Originalns5:LandBuildings2022-04-012023-03-3104972281ns10:Originalns5:PlantMachinery2022-04-012023-03-3104972281ns10:Original2021-04-012022-03-3104972281ns10:Original2022-03-3104972281ns10:Originalns5:DeferredTaxation2022-03-3104972281ns10:Originalns5:DeferredTaxation2022-04-012023-03-3104972281ns10:Originalns5:DeferredTaxation2023-03-3104972281ns10:Originalns10:OrdinaryShareClass12023-03-3104972281ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104972281ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 04972281 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wasis Management & The Act Store Limited

Wasis Management & The Act Store Limited (Registered number: 04972281)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

Wasis Management & The Act Store Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N Tomlinson





REGISTERED OFFICE: 40 Ball Road
Malin Bridge
Sheffield
South Yorkshire
S6 4LZ





REGISTERED NUMBER: 04972281 (England and Wales)





ACCOUNTANTS: Strafforths
Chartered Certified Accountants
103 Haugh Green
Upper Haugh
Rotherham
South Yorkshire
S62 7FB

Wasis Management & The Act Store Limited (Registered number: 04972281)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,438 75,318

CURRENT ASSETS
Debtors 36,266 26,169
Cash at bank and in hand 4,364 2,344
40,630 28,513
CREDITORS
Amounts falling due within one year 55,305 49,362
NET CURRENT LIABILITIES (14,675 ) (20,849 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,763 54,469

CREDITORS
Amounts falling due after more than one year 5 37,484 42,298
NET ASSETS 18,279 12,171

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 18,277 12,169
SHAREHOLDERS' FUNDS 18,279 12,171

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 October 2023 and were signed by:





N Tomlinson - Director


Wasis Management & The Act Store Limited (Registered number: 04972281)

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

1. STATUTORY INFORMATION

Wasis Management & The Act Store Limited 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.

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 represents commissions receivable net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land & buildings - not provided
Plant & machinery etc - 25% on reducing balance and 10% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs & 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 3 (2022 - 3 ) .

Wasis Management & The Act Store Limited (Registered number: 04972281)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 107,146
DEPRECIATION
At 1 April 2022 31,828
Charge for year 4,880
At 31 March 2023 36,708
NET BOOK VALUE
At 31 March 2023 70,438
At 31 March 2022 75,318

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022 18,379
Transfer to ownership (18,379 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 13,785
Charge for year 4,594
Transfer to ownership (18,379 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 4,594

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.3.23 31.3.22
£    £   
Repayable by instalments
Bank loans - 2,298

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts - 11,386

The overdraft facility is secured in favour of HSBC Bank plc upon assets, present and future, of the company.

The bank loan is not secured, but the facility is supported by the Bounce Back Loan Scheme (BBLS), with a full guarantee given to HSBC Bank plc by the UK Government under BBLS (the BBLS Guarantee) in the event of default by the company.

Amounts due under hire purchase or finance leases are secured upon the assets to which the agreement relates.

Wasis Management & The Act Store Limited (Registered number: 04972281)

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

7. DEFERRED TAX
£   
Balance at 1 April 2022 (1,810 )
Credit to Income Statement during year (753 )
Balance at 31 March 2023 (2,563 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1 April 2022 12,169
Profit for the year 20,358
Dividends (14,250 )
At 31 March 2023 18,277

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,250 (2022 - £2,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Tomlinson.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Wasis Management & The Act Store Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wasis Management & The Act Store Limited for the year ended 31 March 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Wasis Management & The Act Store Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wasis Management & The Act Store Limited and state those matters that we have agreed to state to the director of Wasis Management & The Act Store Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wasis Management & The Act Store Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wasis Management & The Act Store Limited. You consider that Wasis Management & The Act Store Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wasis Management & The Act Store Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Strafforths
Chartered Certified Accountants
103 Haugh Green
Upper Haugh
Rotherham
South Yorkshire
S62 7FB


17 October 2023