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REGISTERED NUMBER: 05356201 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

WREKIN PROJECT SOLUTIONS LIMITED

WREKIN PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 05356201)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WREKIN PROJECT SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31st January 2024







DIRECTORS: A J Mitchell
Mrs K V Mitchell





SECRETARY: Mrs K V Mitchell





REGISTERED OFFICE: Wrekin View
Home Farm Barns
Home Farm Lane, Leighton
Shrewsbury
Shropshire
SY5 6RR





REGISTERED NUMBER: 05356201 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

WREKIN PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 05356201)

BALANCE SHEET
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,158 1,318

CURRENT ASSETS
Debtors 5 445 1,616
Cash at bank 39,414 41,233
39,859 42,849
CREDITORS
Amounts falling due within one year 6 39,438 35,765
NET CURRENT ASSETS 421 7,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,579

8,402

CREDITORS
Amounts falling due after more than one year 7 (10,660 ) (18,370 )

PROVISIONS FOR LIABILITIES (280 ) -
NET LIABILITIES (8,361 ) (9,968 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,363 ) (9,970 )
SHAREHOLDERS' FUNDS (8,361 ) (9,968 )

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 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.

WREKIN PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 05356201)

BALANCE SHEET - continued
31st January 2024


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 Board of Directors and authorised for issue on 8th October 2024 and were signed on its behalf by:





A J Mitchell - Director


WREKIN PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 05356201)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Wrekin Project Solutions 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.

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
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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WREKIN PROJECT SOLUTIONS LIMITED (REGISTERED NUMBER: 05356201)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st February 2023 2,118 12,707 14,825
Additions - 1,507 1,507
At 31st January 2024 2,118 14,214 16,332
DEPRECIATION
At 1st February 2023 1,624 11,883 13,507
Charge for year 124 543 667
At 31st January 2024 1,748 12,426 14,174
NET BOOK VALUE
At 31st January 2024 370 1,788 2,158
At 31st January 2023 494 824 1,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 445 1,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 7,800 7,800
Taxation and social security 55 45
Other creditors 31,583 27,920
39,438 35,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 10,660 18,370

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Mitchell and Mrs K Mitchell as they co-operate to exercise control.