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REGISTERED NUMBER: 13427254 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WAW MANAGEMENT LTD

WAW MANAGEMENT LTD (REGISTERED NUMBER: 13427254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAW MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







Directors: Mrs M Williams
Mr W A Williams





Registered office: 41 Beattie Rise
Hedge End
Southampton
Hampshire
SO30 2RF





Registered number: 13427254 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

WAW MANAGEMENT LTD (REGISTERED NUMBER: 13427254)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 225,065 478

Current assets
Debtors 5 34,565 35,836
Cash at bank 14,377 27,639
48,942 63,475
Creditors
Amounts falling due within one year 6 85,594 13,355
Net current (liabilities)/assets (36,652 ) 50,120
Total assets less current liabilities 188,413 50,598

Creditors
Amounts falling due after more than one
year

7

145,133

-
Net assets 43,280 50,598

Capital and reserves
Called up share capital 100 100
Retained earnings 43,180 50,498
43,280 50,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

WAW MANAGEMENT LTD (REGISTERED NUMBER: 13427254)

BALANCE SHEET - continued
31 MAY 2024


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 1 August 2024 and were signed on its behalf by:




Mr W A Williams - Director



Mrs M Williams - Director


WAW MANAGEMENT LTD (REGISTERED NUMBER: 13427254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

WAW Management 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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 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.

WAW MANAGEMENT LTD (REGISTERED NUMBER: 13427254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 - 850 - - 850
Additions 199,686 300 5,688 26,995 232,669
At 31 May 2024 199,686 1,150 5,688 26,995 233,519
DEPRECIATION
At 1 June 2023 - 372 - - 372
Charge for year - 195 1,138 6,749 8,082
At 31 May 2024 - 567 1,138 6,749 8,454
NET BOOK VALUE
At 31 May 2024 199,686 583 4,550 20,246 225,065
At 31 May 2023 - 478 - - 478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,196 2,154
Other debtors 33,084 33,671
Prepayments 285 11
34,565 35,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,273 -
Tax - 8,532
Other creditors 250 -
Credit Card 309 -
Directors' current accounts 81,546 3,921
Accrued expenses 2,216 902
85,594 13,355

WAW MANAGEMENT LTD (REGISTERED NUMBER: 13427254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 128,571 -
Hire purchase contracts 16,562 -
145,133 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 128,571 -