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REGISTERED NUMBER: 07503180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WM SOFTWARE LIMITED

WM SOFTWARE LIMITED (REGISTERED NUMBER: 07503180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WM SOFTWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M D Parker





REGISTERED OFFICE: McCabe Ford Williams
Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 07503180 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

WM SOFTWARE LIMITED (REGISTERED NUMBER: 07503180)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 645 817
645 817

CURRENT ASSETS
Debtors 6 35,842 35,055
Cash at bank 95,362 89,774
131,204 124,829
CREDITORS
Amounts falling due within one year 7 17,443 24,239
NET CURRENT ASSETS 113,761 100,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,406

101,407

PROVISIONS FOR LIABILITIES 8 123 155
NET ASSETS 114,283 101,252

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 114,282 101,251
SHAREHOLDERS' FUNDS 114,283 101,252

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WM SOFTWARE LIMITED (REGISTERED NUMBER: 07503180)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 18 September 2024 and were signed by:





M D Parker - Director


WM SOFTWARE LIMITED (REGISTERED NUMBER: 07503180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

WM Software 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal place of business is 2F Vulcan Close, Whitstable, Kent, CT5 4LZ.

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 and expenditure
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been fully amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 15% 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.

WM SOFTWARE LIMITED (REGISTERED NUMBER: 07503180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 75,000
AMORTISATION
At 1 January 2023
and 31 December 2023 75,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1,970 8,635 10,605
DEPRECIATION
At 1 January 2023 1,211 8,577 9,788
Charge for year 114 58 172
At 31 December 2023 1,325 8,635 9,960
NET BOOK VALUE
At 31 December 2023 645 - 645
At 31 December 2022 759 58 817

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,012 35,055
Director's current account 7,830 -
35,842 35,055

WM SOFTWARE LIMITED (REGISTERED NUMBER: 07503180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 3,348 1,797
Social security and other taxes 10,848 17,272
Other creditors and accruals 3,247 3,001
Director's current account - 2,169
17,443 24,239

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 123 155

Deferred
tax
£   
Balance at 1 January 2023 155
Accelerated capital allowances (32 )
Balance at 31 December 2023 123

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

During the year, the company loaned the director £10,000 (2022 - £4,974). The balance due to the company at the year end was £7,830 (2022-£2,169 owed to director). The director repaid this loan on 2nd February 2024.