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REGISTERED NUMBER: 04966599 (England and Wales)















WSS ASSOCIATES LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






WSS ASSOCIATES LIMITED (REGISTERED NUMBER: 04966599)

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

Chartered Accountants' Report 7

WSS ASSOCIATES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P C Lord
L. P. Lord





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 04966599 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

WSS ASSOCIATES LIMITED (REGISTERED NUMBER: 04966599)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,485 1,121

CURRENT ASSETS
Debtors 5 1,873,059 3,258,597
Cash at bank 344,543 436,070
2,217,602 3,694,667
CREDITORS
Amounts falling due within one year 6 1,609,945 3,055,764
NET CURRENT ASSETS 607,657 638,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,142

640,024

PROVISIONS FOR LIABILITIES 1,014 173
NET ASSETS 611,128 639,851

CAPITAL AND RESERVES
Called up share capital 8 60 60
Capital redemption reserve 40 40
Retained earnings 611,028 639,751
SHAREHOLDERS' FUNDS 611,128 639,851

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 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.

WSS ASSOCIATES LIMITED (REGISTERED NUMBER: 04966599)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





P C Lord - Director


WSS ASSOCIATES LIMITED (REGISTERED NUMBER: 04966599)

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


1. STATUTORY INFORMATION

WSS Associates 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 (£).


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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

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.

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.

Going concern
At the date of signing these accounts the directors believe that the company has sufficient reserves to enable the business to continue for the foreseeable future, and therefore continues to prepare the accounts on a going concern basis.

WSS ASSOCIATES LIMITED (REGISTERED NUMBER: 04966599)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 459 45,772 46,231
Additions - 5,068 5,068
At 31 December 2023 459 50,840 51,299
DEPRECIATION
At 1 January 2023 459 44,651 45,110
Charge for year - 1,704 1,704
At 31 December 2023 459 46,355 46,814
NET BOOK VALUE
At 31 December 2023 - 4,485 4,485
At 31 December 2022 - 1,121 1,121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 86,316 1,504,666
Other debtors 381,559 48,593
Taxation recoverable 405,847 400,783
Directors' current accounts 975,154 1,288,138
Prepayments 24,183 16,417
1,873,059 3,258,597

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 25,374 22,480
Amounts owed to participating interests 1,373,763 2,660,691
Social security and other taxes 190,990 339,385
Deferred income - 15,600
Accrued expenses 19,818 17,608
1,609,945 3,055,764

7. SECURED DEBTS

The bank loan is secured on the assets and liabilities of the company.

WSS ASSOCIATES LIMITED (REGISTERED NUMBER: 04966599)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 60 60

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
P C Lord
Balance outstanding at start of year 960,151 798,831
Amounts advanced 15,003 161,320
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 975,154 960,151

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
WSS Associates Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WSS Associates Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of WSS Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WSS Associates Limited and state those matters that we have agreed to state to the Board of Directors of WSS Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WSS Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WSS Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of WSS Associates Limited. You consider that WSS Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WSS Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


24 September 2024