WDS Commercial Limited 09360496 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is window manufacturers and installations. Digita Accounts Production Advanced 6.30.9574.0 true 09360496 2023-01-01 2023-12-31 09360496 2023-12-31 09360496 core:CurrentFinancialInstruments 2023-12-31 09360496 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09360496 bus:SmallEntities 2023-01-01 2023-12-31 09360496 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09360496 bus:FullAccounts 2023-01-01 2023-12-31 09360496 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09360496 bus:RegisteredOffice 2023-01-01 2023-12-31 09360496 bus:Director2 2023-01-01 2023-12-31 09360496 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09360496 countries:EnglandWales 2023-01-01 2023-12-31 09360496 2022-01-01 2022-12-31 09360496 2022-12-31 09360496 core:CurrentFinancialInstruments 2022-12-31 09360496 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 09360496

WDS Commercial Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

WDS Commercial Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

WDS Commercial Limited

(Registration number: 09360496)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

18,769

104,417

Debtors

4

1,021,655

700,961

Cash at bank and in hand

 

495,122

221,296

 

1,535,546

1,026,674

Creditors: Amounts falling due within one year

5

(968,762)

(782,388)

Net assets

 

566,784

244,286

Capital and reserves

 

Called up share capital

100

100

Retained earnings

566,684

244,186

Shareholders' funds

 

566,784

244,286

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 5 June 2024 and signed on its behalf by:
 

.........................................
Mr PR Kenney
Director

 

WDS Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
Unit 6, Bankfield Court
Commercial Road
Bromborough
Wirral
CH62 3NL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities- 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and
provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value
added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

 

WDS Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a "first in first out" (FIFO) basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2022 - 5).

4

Debtors

Current

2023
£

2022
£

Trade debtors

789,890

595,272

Prepayments

9,182

-

Other debtors

222,583

105,689

 

1,021,655

700,961

 

WDS Commercial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

250,231

227,052

Accruals and deferred income

38,324

6,154

Other creditors

680,207

549,182

968,762

782,388