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Registration number: 10024845

WTM (1217) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

WTM (1217) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

WTM (1217) Limited

(Registration number: 10024845)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

520

1,268

Current assets

 

Debtors

6

98,713

9,101

Cash at bank and in hand

 

4,977

85,157

 

103,690

94,258

Creditors: Amounts falling due within one year

7

(17,921)

(17,387)

Net current assets

 

85,769

76,871

Total assets less current liabilities

 

86,289

78,139

Creditors: Amounts falling due after more than one year

7

(3,750)

(6,750)

Provisions for liabilities

(99)

(247)

Net assets

 

82,440

71,142

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

82,438

71,140

Shareholders' funds

 

82,440

71,142

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director on 4 October 2024
 

Mr D I Jockel
Director

   
     
 

WTM (1217) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 4 October 2024.

2

Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

 

WTM (1217) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% Straight Line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

748

823

 

WTM (1217) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 March 2023

2,245

3,651

5,896

At 29 February 2024

2,245

3,651

5,896

Depreciation

At 1 March 2023

1,939

2,689

4,628

Charge for the year

306

442

748

At 29 February 2024

2,245

3,131

5,376

Carrying amount

At 29 February 2024

-

520

520

At 28 February 2023

306

962

1,268

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,425

975

Prepayments

155

150

Other debtors

96,133

7,976

 

98,713

9,101

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

3,000

3,857

Trade creditors

 

250

-

Taxation and social security

 

14,671

13,530

 

17,921

17,387

 

WTM (1217) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

3,750

6,750

 

WTM (1217) Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

A Ordinary shares of £0.01 each

90

1

90

1

B Ordinary shares of £0.01 each

5

-

5

-

C Ordinary shares of £0.01 each

5

-

5

-

200

2

200

2

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,750

6,750

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,000

3,000

Other borrowings

-

857

3,000

3,857