Company registration number 07139185 (England and Wales)
WK Services (Northern) Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
WK Services (Northern) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
WK Services (Northern) Limited
Statement Of Financial Position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,883
12,669
Current assets
Stocks
9,500
18,050
Debtors
76,445
74,860
85,945
92,910
Creditors: amounts falling due within one year
(57,823)
(62,356)
Net current assets
28,122
30,554
Total assets less current liabilities
38,005
43,223
Creditors: amounts falling due after more than one year
(33,895)
(40,637)
Provisions for liabilities
4
(3,614)
(2,407)
Net assets
496
179
Capital and reserves
Called up share capital
5
4
4
Profit and loss reserves
492
175
Total equity
496
179

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

WK Services (Northern) Limited
Statement Of Financial Position (continued)
as at 31 January 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 October 2024
K D Gallagher
Director
Company Registration No. 07139185
WK Services (Northern) Limited
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recgonised on the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

WK Services (Northern) Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
1
Accounting policies
(continued)
- 4 -
Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the income statement so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 February 2023 and 31 January 2024
9,499
1,871
37,707
49,077
Depreciation and impairment
At 1 February 2023
6,731
830
28,847
36,408
Depreciation charged in the year
415
156
2,215
2,786
At 31 January 2024
7,146
986
31,062
39,194
Carrying amount
At 31 January 2024
2,353
885
6,645
9,883
At 31 January 2023
2,768
1,041
8,860
12,669
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
3,614
2,407
WK Services (Northern) Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 5 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4
4
4
4
6
Company information

WK Services (Northern) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Hammerstones Road, Elland, West Yorkshire, HX5 0QP.

2024-01-312023-02-01false11 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityK D Gallagherfalsefalse071391852023-02-012024-01-31071391852024-01-31071391852023-01-3107139185core:PlantMachinery2024-01-3107139185core:FurnitureFittings2024-01-3107139185core:MotorVehicles2024-01-3107139185core:PlantMachinery2023-01-3107139185core:FurnitureFittings2023-01-3107139185core:MotorVehicles2023-01-3107139185core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3107139185core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3107139185core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-3107139185core:Non-currentFinancialInstrumentscore:AfterOneYear2023-01-3107139185core:ShareCapital2024-01-3107139185core:ShareCapital2023-01-3107139185core:RetainedEarningsAccumulatedLosses2024-01-3107139185core:RetainedEarningsAccumulatedLosses2023-01-3107139185bus:Director12023-02-012024-01-3107139185core:PlantMachinery2023-02-012024-01-3107139185core:FurnitureFittings2023-02-012024-01-3107139185core:MotorVehicles2023-02-012024-01-31071391852022-02-012023-01-3107139185core:PlantMachinery2023-01-3107139185core:FurnitureFittings2023-01-3107139185core:MotorVehicles2023-01-31071391852023-01-3107139185bus:PrivateLimitedCompanyLtd2023-02-012024-01-3107139185bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107139185bus:FRS1022023-02-012024-01-3107139185bus:AuditExemptWithAccountantsReport2023-02-012024-01-3107139185bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP