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REGISTERED NUMBER: 11795044 (England and Wales)















Wadm Ltd

Unaudited Financial Statements

for the Year Ended 31st January 2024






Wadm Ltd (Registered number: 11795044)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Wadm Ltd

Company Information
for the year ended 31st January 2024







DIRECTOR: W J Robins





REGISTERED OFFICE: Wadm House
34 Stourhead Drive
Northampton
NN4 0UH





REGISTERED NUMBER: 11795044 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Wadm Ltd (Registered number: 11795044)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,307 1,281

CURRENT ASSETS
Debtors 6 6,812 7,052
Cash at bank - 11,181
6,812 18,233
CREDITORS
Amounts falling due within one year 7 11,681 6,386
NET CURRENT (LIABILITIES)/ASSETS (4,869 ) 11,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,562

)

13,128

CREDITORS
Amounts falling due after more than one
year

8

4,666

6,306
NET (LIABILITIES)/ASSETS (7,228 ) 6,822

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (7,229 ) 6,821
SHAREHOLDERS' FUNDS (7,228 ) 6,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

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 director and authorised for issue on 25th October 2024 and were signed by:





W J Robins - Director


Wadm Ltd (Registered number: 11795044)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

Wadm Ltd 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 principal activity of the company in the year under review was that of a mortgage finance company and selling life insurance.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its director, who has confirmed his continuing support for a period of twelve months following approval of these financial statements.

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Wadm Ltd (Registered number: 11795044)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st February 2023 1,417 1,097 2,514
Additions 1,857 - 1,857
At 31st January 2024 3,274 1,097 4,371
DEPRECIATION
At 1st February 2023 354 879 1,233
Charge for year 725 106 831
At 31st January 2024 1,079 985 2,064
NET BOOK VALUE
At 31st January 2024 2,195 112 2,307
At 31st January 2023 1,063 218 1,281

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,812 7,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,879 2,212
Taxation and social security 5,011 3,322
Other creditors 791 852
11,681 6,386

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 4,666 6,306

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,626 -
Bank loans 2,253 2,212
5,879 2,212

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,310 2,268

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,356 4,038

Wadm Ltd (Registered number: 11795044)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary .01 1 1