07847082falsefuel and building supplies2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07847082

WPS Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

WPS Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
J M Wilkinson
REGISTERED OFFICE
Station Yard
Kirkby Stephen
Cumbria
CA17 4LA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07847082
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

WPS Supplies Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

WPS Supplies Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets368,02680,031
CURRENT ASSETS
Stock63,90085,200
Debtors540,36341,273
Cash at bank and in hand11,7187,362
115,981133,835
CREDITORS: Amounts falling due within one year6135,223159,037
NET CURRENT LIABILITIES(19,242)(25,202)
TOTAL ASSETS LESS CURRENT LIABILITIES48,78454,829
CREDITORS: Amounts falling due after more than one year733,51950,902
NET ASSETS15,2653,927
CAPITAL AND RESERVES
Called up share capital9500500
Profit and loss account14,7653,427
SHAREHOLDERS' FUNDS15,2653,927
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/08/2024 and signed on their behalf by
.............................
J M Wilkinson
Director

WPS Supplies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees36

WPS Supplies Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/12/2022187,628187,628
At 30/11/2023187,628187,628
Depreciation
At 01/12/2022107,597107,597
For the year12,00512,005
At 30/11/2023119,602119,602
Net Book Amounts
At 30/11/202368,02668,026
At 30/11/202280,03180,031
4. STOCK 20232022
££
Stock comprises:
Stock63,90085,200
63,90085,200
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors22,38320,696
VAT16,17919,173
Prepayments1,8011,404
40,36341,273

WPS Supplies Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,769-
Other taxation and social security123887
Directors current account28,67814,652
Bank loans and overdrafts15,75210,094
Bank loan10,01529,430
Hire purchase7,2017,201
Trade creditors47,29869,266
Other creditors18,53925,430
Accruals2,8482,077
135,223159,037
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr21,12031,303
Hire purchase >1yr12,39919,599
33,51950,902
8. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured15,75210,094
Amount of other creditors which are secured19,60026,800
Bank loans are secured by way of a personal guarantee. Hire purchase creditors are secured on the assets to which the liability relates.

WPS Supplies Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
500 Ordinary shares of £1 each500500
500500
10. RELATED PARTY TRANSACTIONS
At the balance sheet date a loan of £28,678 (2022 - £14,652) was owed to a director. The loan is unsecured, interest free and repayable on demand.
No salary was paid to the director during the year.
11. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 07847082.
The company's registered office is Station Yard, Station Yard, Kirkby Stephen, Cumbria, CA17 4LA.
12. GUARANTEES AND COMMITMENTS
At the balance sheet date the company had outstanding commitments under operating leases of £6,989.