Registered number
08961835
WMPC Limited
Unaudited Filleted Accounts
31 March 2024
WMPC Limited
Registered number: 08961835
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 80
Investments 4 100 20,100
100 20,180
Current assets
Debtors 5 138,008 190,250
Cash at bank and in hand 211 395
138,219 190,645
Creditors: amounts falling due within one year 6 (30,470) (49,670)
Net current assets 107,749 140,975
Total assets less current liabilities 107,849 161,155
Provisions for liabilities - (15)
Net assets 107,849 161,140
Capital and reserves
Called up share capital 1 1
Profit and loss account 107,848 161,139
Shareholders' funds 107,849 161,140
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W. Minchin
Director
Approved by the board on 31 October 2024
WMPC Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are repayable on demand and therefore recognised at face value.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans from the directors, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,324
Disposals (617)
At 31 March 2024 707
Depreciation
At 1 April 2023 1,244
Charge for the year 80
On disposals (617)
At 31 March 2024 707
Net book value
At 31 March 2024 -
At 31 March 2023 80
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 April 2023 100 20,000 20,100
Disposals - (20,000) (20,000)
At 31 March 2024 100 - 100
Historical cost
At 1 April 2023 100 9,023
At 31 March 2024 100 -
The revaluation has been provided by the director based on information available at the year end.
5 Debtors 2024 2023
£ £
Other debtors 138,008 190,250
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 860 60
Other creditors 29,610 49,610
30,470 49,670
7 Other information
WMPC Limited is a private company limited by shares and incorporated in England. Its registered office is:
Barn Ridge
Coopers Hill Road
Redhill
Surrey
RH1 5PD
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