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REGISTERED NUMBER: 06494140 (England and Wales)


Unaudited Financial Statements for the Year Ended 31 August 2023

for

Wim-Pac Limited

Wim-Pac Limited (Registered number: 06494140)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wim-Pac Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr K Patel





REGISTERED OFFICE: Kingsbury House
468 Church Lane
Kingsbury
NW9 8UA





REGISTERED NUMBER: 06494140 (England and Wales)






Wim-Pac Limited (Registered number: 06494140)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,321 2,782

CURRENT ASSETS
Stocks 77,769 113,007
Debtors 5 32,981 44,785
Cash at bank and in hand 1,212 27,706
111,962 185,498
CREDITORS
Amounts falling due within one year 6 35,474 103,587
NET CURRENT ASSETS 76,488 81,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,809

84,693

CREDITORS
Amounts falling due after more than one
year

7

18,323

28,078
NET ASSETS 60,486 56,615

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 9 60,286 56,415
SHAREHOLDER FUNDS 60,486 56,615

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

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

Wim-Pac Limited (Registered number: 06494140)

Statement of Financial Position - continued
31 August 2023


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 22 November 2023 and were signed by:





Mr K Patel - Director


Wim-Pac Limited (Registered number: 06494140)

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

1. STATUTORY INFORMATION

Wim-Pac 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 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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Wim-Pac Limited (Registered number: 06494140)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022 8,453 - 8,453
Additions - 312 312
At 31 August 2023 8,453 312 8,765
DEPRECIATION
At 1 September 2022 5,671 - 5,671
Charge for year 695 78 773
At 31 August 2023 6,366 78 6,444
NET BOOK VALUE
At 31 August 2023 2,087 234 2,321
At 31 August 2022 2,782 - 2,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 32,981 44,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 8) 10,648 10,648
Trade creditors 18,226 9,489
Taxation and social security 5,126 10,424
Other creditors 1,474 73,026
35,474 103,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 8) 18,323 28,078

8. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 10,648

Wim-Pac Limited (Registered number: 06494140)

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

8. LOANS - continued
31.8.23 31.8.22
£    £   
Amounts falling due between two and five years:
Bank Loans 18,323 28,078

9. RESERVES
Retained
earnings
£   

At 1 September 2022 56,415
Profit for the year 3,871
At 31 August 2023 60,286