5 false false false false false false false false false false true false false true false true true No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08725466 2022-11-01 2023-10-31 08725466 2023-10-31 08725466 2022-10-31 08725466 2021-11-01 2022-10-31 08725466 2022-10-31 08725466 2021-10-31 08725466 core:MotorVehicles 2022-11-01 2023-10-31 08725466 bus:Director1 2022-11-01 2023-10-31 08725466 core:MotorVehicles 2022-10-31 08725466 core:MotorVehicles 2023-10-31 08725466 core:WithinOneYear 2023-10-31 08725466 core:WithinOneYear 2022-10-31 08725466 core:AfterOneYear 2023-10-31 08725466 core:AfterOneYear 2022-10-31 08725466 core:ShareCapital 2023-10-31 08725466 core:ShareCapital 2022-10-31 08725466 core:RetainedEarningsAccumulatedLosses 2023-10-31 08725466 core:RetainedEarningsAccumulatedLosses 2022-10-31 08725466 core:MotorVehicles 2022-10-31 08725466 bus:SmallEntities 2022-11-01 2023-10-31 08725466 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08725466 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08725466 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08725466 bus:FullAccounts 2022-11-01 2023-10-31 08725466 core:ToolsEquipment 2022-11-01 2023-10-31 08725466 core:ToolsEquipment 2022-10-31 08725466 core:ToolsEquipment 2023-10-31
COMPANY REGISTRATION NUMBER: 08725466
WMK HAULAGE LTD
Filleted Unaudited Financial Statements
31 October 2023
WMK HAULAGE LTD
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
160,241
139,468
Current assets
Cash at bank and in hand
65,639
40,881
Creditors: amounts falling due within one year
6
111,538
78,755
---------
--------
Net current liabilities
45,899
37,874
---------
---------
Total assets less current liabilities
114,342
101,594
Creditors: amounts falling due after more than one year
7
91,111
103,756
---------
---------
Net assets/(liabilities)
23,231
( 2,162)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
23,131
( 2,262)
--------
-------
Shareholder funds/(deficit)
23,231
( 2,162)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WMK HAULAGE LTD
Statement of Financial Position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 5 April 2024 , and are signed on behalf of the board by:
Mr P SINGH
Director
Company registration number: 08725466
WMK HAULAGE LTD
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 NEW BROADWAY, HILLINGDON, UB10 0LL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% reducing balance
Equipments
-
20% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 3 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 November 2022
207,000
6,273
213,273
Additions
60,000
833
60,833
---------
-------
---------
At 31 October 2023
267,000
7,106
274,106
---------
-------
---------
Depreciation
At 1 November 2022
71,626
2,179
73,805
Charge for the year
39,075
985
40,060
---------
-------
---------
At 31 October 2023
110,701
3,164
113,865
---------
-------
---------
Carrying amount
At 31 October 2023
156,299
3,942
160,241
---------
-------
---------
At 31 October 2022
135,374
4,094
139,468
---------
-------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,478
Social security and other taxes
26,561
9,575
Other creditors
83,499
69,180
---------
--------
111,538
78,755
---------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bounce back loan
26,670
36,670
Other creditors
64,441
67,086
--------
---------
91,111
103,756
--------
---------
8. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
9. Related party transactions
The company was under the control of Mr P SINGH throughout the current year. Mr P SINGH is the managing director and 100% shareholder.