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REGISTERED NUMBER: 07002484 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

WPS Compliance Consulting Limited

WPS Compliance Consulting Limited (Registered number: 07002484)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WPS Compliance Consulting Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: L A Ayris
A J Chapman





REGISTERED OFFICE: 3 Brooklands Court
Kettering Venture Park
Kettering
Northamptonshire
NN15 6FD





REGISTERED NUMBER: 07002484 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

WPS Compliance Consulting Limited (Registered number: 07002484)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,545 47,064
32,545 47,064

CURRENT ASSETS
Debtors 6 87,105 79,277
Cash at bank and in hand 16,498 9,002
103,603 88,279
CREDITORS
Amounts falling due within one year 7 (116,596 ) (68,043 )
NET CURRENT (LIABILITIES)/ASSETS (12,993 ) 20,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,552

67,300

CREDITORS
Amounts falling due after more than one
year

8

(15,833

)

(26,467

)

PROVISIONS FOR LIABILITIES (2,639 ) (3,544 )
NET ASSETS 1,080 37,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 980 37,189
SHAREHOLDERS' FUNDS 1,080 37,289

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

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

WPS Compliance Consulting Limited (Registered number: 07002484)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2024 and were signed on its behalf by:





L A Ayris - Director


WPS Compliance Consulting Limited (Registered number: 07002484)

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

1. STATUTORY INFORMATION

WPS Compliance Consulting 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.
Freehold property - 25% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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 10 (2022 - 7 ) .

WPS Compliance Consulting Limited (Registered number: 07002484)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2022
and 31 October 2023 16,240
AMORTISATION
At 1 November 2022
and 31 October 2023 16,240
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 37,282 24,844 - 14,843 76,969
Additions - - 2,031 3,819 5,850
Disposals - (8,825 ) - - (8,825 )
At 31 October 2023 37,282 16,019 2,031 18,662 73,994
DEPRECIATION
At 1 November 2022 9,320 13,634 - 6,951 29,905
Charge for year 6,990 665 219 5,700 13,574
Eliminated on disposal - (2,030 ) - - (2,030 )
At 31 October 2023 16,310 12,269 219 12,651 41,449
NET BOOK VALUE
At 31 October 2023 20,972 3,750 1,812 6,011 32,545
At 31 October 2022 27,962 11,210 - 7,892 47,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 76,543 77,642
Other debtors 10,562 1,635
87,105 79,277

Other debtors includes prepayments and accrued income of £9,452 (2022: £1,635).

WPS Compliance Consulting Limited (Registered number: 07002484)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 19,155 8,136
Taxation and social security 50,525 38,911
Other creditors 36,916 10,996
116,596 68,043

Other creditors includes accruals and deferred income of £1,600 (2022: £1,500).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,833 26,467

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £45,415 (2022: £8,851).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
L A Ayris
Balance outstanding at start of year - -
Amounts advanced 21,884 -
Amounts repaid (21,884 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A J Chapman
Balance outstanding at start of year - -
Amounts advanced 2,149 -
Amounts repaid (2,149 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan was repayable on demand and interest has been charged at the HMRC official rate.