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Registration number: 14561239

WLR Accounting Solutions Limited

Annual Report and Unaudited Financial Statements

for the Period from 29 December 2022 to 31 December 2023

 

WLR Accounting Solutions Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

WLR Accounting Solutions Limited

Company Information

Directors

Mr Alexander Reynolds

Mr Martin Collins

Mr Michael Ball

Registered office

The Hemington
Millhouse Business Centre
Station Road
Castle Donington
Derby
DE74 2NJ

Accountants

Butler Cook
The Hemington
Millhouse Business Centre
Station Road
Castle Donington
Derby
DE74 2NJ

 

WLR Accounting Solutions Limited

Directors' Report for the Period from 29 December 2022 to 31 December 2023

The directors present their report and the financial statements for the period from 29 December 2022 to 31 December 2023.

Director of the company

The director who held office during the period was as follows:

Mr Martin Collins (appointed 29 December 2022)

The following directors were appointed after the period end:

Mr Alexander Reynolds (appointed 1 January 2024)

Mr Michael Ball (appointed 1 January 2024)

Small companies provision statement

This report has 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 Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Alexander Reynolds
Director

.........................................
Mr Martin Collins
Director

.........................................
Mr Michael Ball
Director

 

WLR Accounting Solutions Limited

(Registration number: 14561239)
Balance Sheet as at 31 December 2023

Note

2023
£

Current assets

 

Debtors

4

694,768

Cash at bank and in hand

 

3,479

 

698,247

Creditors: Amounts falling due within one year

5

(543,157)

Net assets

 

155,090

Capital and reserves

 

Called up share capital

6

100

Retained earnings

154,990

Shareholders' funds

 

155,090

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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 Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Alexander Reynolds
Director

.........................................
Mr Martin Collins
Director

.........................................
Mr Michael Ball
Director

 

WLR Accounting Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Hemington
Millhouse Business Centre
Station Road
Castle Donington
Derby
DE74 2NJ
England

These financial statements were authorised for issue by the Board on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

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.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

WLR Accounting Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2022 to 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

 

WLR Accounting Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2022 to 31 December 2023

4

Debtors

Current

Note

2023
£

Trade debtors

 

425,188

Amounts owed by related parties

55,089

Prepayments

 

2,578

Other debtors

 

211,913

   

694,768

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Trade creditors

 

656

Amounts owed to group undertakings and undertakings in which the company has a participating interest

273,811

Taxation and social security

 

87,490

Accruals and deferred income

 

181,200

 

543,157

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Share Capital of £1 each

100

100