Company Registration No. 03664629 (England and Wales)
WRS SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
WRS SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Mr T Mason
Mr M Stacey
Company number
03664629
Registered office
Griffin House, Don Pottery Yard
Off Rowns Lane
Swinton
MEXBOROUGH
South Yorkshire
S64 8AQ
Accountants
Brearley & Co Accountants Limited
39/43 Bridge Street
Swinton
Mexborough
South Yorkshire
S64 8AP
Business address
Griffin House, Don Pottery Yard
Off Rowns Lane
Swinton
MEXBOROUGH
South Yorkshire
S64 8AQ
Bankers
Starling Bank Limited
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP
WRS SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WRS SOLUTIONS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2021
Notes
£
£
£
£
Fixed assets
Investment property
4
-
0
66,973
Current assets
Cash at bank and in hand
554
500
Creditors: amounts falling due within one year
5
(33,596)
(672)
Net current liabilities
(33,042)
(172)
Total assets less current liabilities
(33,042)
66,801
Creditors: amounts falling due after more than one year
6
(361,818)
(792,621)
Net liabilities
(394,860)
(725,820)
Capital and reserves
Called up share capital
7
202
202
Profit and loss reserves
(395,062)
(726,022)
Total equity
(394,860)
(725,820)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 November 2023 and are signed on its behalf by:
Mr T Mason
Director
Company registration number 03664629 (England and Wales)
WRS SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

WRS Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Griffin House, Don Pottery Yard, Off Rowns Lane, Swinton, MEXBOROUGH, South Yorkshire, S64 8AQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Reporting period

The company has extended the year end to align with other companies in the group and therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

WRS SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Going concern
The accounts have been prepared on a going concern basis due to the continuing support of the director.
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2021
Number
Number
Total
1
1
4
Investment property
2023
£
Fair value
At 1 January 2022
66,973
Disposals
(66,973)
At 28 February 2023
-
0

Investment property comprised of 2 plots of land which were sold during the year.

5
Creditors: amounts falling due within one year
2023
2021
£
£
Taxation and social security
32,806
-
0
Other creditors
790
672
33,596
672
WRS SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 4 -
6
Creditors: amounts falling due after more than one year
2023
2021
£
£
Other creditors
361,818
792,621
7
Called up share capital
2023
2021
2023
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
ordinary shares of £1 each
202
202
202
202
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