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REGISTERED NUMBER: 07777022 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

WS Strategic Ltd

WS Strategic Ltd (Registered number: 07777022)

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










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


WS Strategic Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D Singh
Mr L Walton
Mrs R Bains
Mrs S J Walton





REGISTERED OFFICE: Meadowhall Business Park
MBP3, Carbrook Hall Road
Sheffield
South Yorkshire
S9 2EQ





REGISTERED NUMBER: 07777022 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

WS Strategic Ltd (Registered number: 07777022)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 270,723 131,359
Tangible assets 5 29,220 19,638
299,943 150,997

CURRENT ASSETS
Stocks 1,171,294 1,097,044
Debtors 6 419,461 145,578
Cash at bank and in hand 1,731,486 2,265,555
3,322,241 3,508,177
CREDITORS
Amounts falling due within one year 7 (2,530,968 ) (2,814,134 )
NET CURRENT ASSETS 791,273 694,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,091,216

845,040

CREDITORS
Amounts falling due after more than one year 8 (678,121 ) (530,424 )
NET ASSETS 413,095 314,616

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 412,995 314,516
SHAREHOLDERS' FUNDS 413,095 314,616

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 directors acknowledge their 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.

WS Strategic Ltd (Registered number: 07777022)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





Mr D Singh - Director


WS Strategic Ltd (Registered number: 07777022)

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


1. STATUTORY INFORMATION

WS Strategic 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 etc - 16% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


WS Strategic Ltd (Registered number: 07777022)

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


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 26 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 159,797
Additions 159,068
At 31 March 2023 318,865
AMORTISATION
At 1 April 2022 28,438
Charge for year 19,704
At 31 March 2023 48,142
NET BOOK VALUE
At 31 March 2023 270,723
At 31 March 2022 131,359

WS Strategic Ltd (Registered number: 07777022)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 42,571
Additions 16,084
At 31 March 2023 58,655
DEPRECIATION
At 1 April 2022 22,933
Charge for year 6,502
At 31 March 2023 29,435
NET BOOK VALUE
At 31 March 2023 29,220
At 31 March 2022 19,638

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 79,203 102,331
Other debtors 40,439 43,247
119,642 145,578

Amounts falling due after more than one year:
Amounts owed by group undertakings 299,819 -

Aggregate amounts 419,461 145,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 90,624 91,963
Trade creditors 382,989 232,350
Taxation and social security 276,663 224,829
Other creditors 1,780,692 2,264,992
2,530,968 2,814,134

WS Strategic Ltd (Registered number: 07777022)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings - 37,283
Other creditors 678,121 493,141
678,121 530,424