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REGISTERED NUMBER: 04255446 (England and Wales)











WBS Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






WBS Limited (Registered number: 04255446)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WBS Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: N J Kelly
G J Wynne
Miss J H Billingsley





SECRETARY: Miss J H Billingsley





REGISTERED OFFICE: Zone 1
Deeside Industrial Park
Deeside
Flintshire
CH5 2LR





REGISTERED NUMBER: 04255446 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

WBS Limited (Registered number: 04255446)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,453 360,158
Investments 5 51,000 51,000
355,453 411,158

CURRENT ASSETS
Stocks 1,021,043 1,292,347
Debtors 6 1,207,526 1,318,408
Cash at bank and in hand 5,837 243,212
2,234,406 2,853,967
CREDITORS
Amounts falling due within one year 7 1,031,599 1,456,042
NET CURRENT ASSETS 1,202,807 1,397,925
TOTAL ASSETS LESS CURRENT LIABILITIES 1,558,260 1,809,083

CREDITORS
Amounts falling due after more than one year 8 (145,994 ) (283,692 )

PROVISIONS FOR LIABILITIES (61,477 ) (57,418 )
NET ASSETS 1,350,789 1,467,973

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,349,789 1,466,973
SHAREHOLDERS' FUNDS 1,350,789 1,467,973

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

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

WBS Limited (Registered number: 04255446)

Balance Sheet - continued
31st March 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 11th November 2024 and were signed on its behalf by:





N J Kelly - Director


WBS Limited (Registered number: 04255446)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

WBS 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WBS Limited (Registered number: 04255446)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis.

During the ongoing Covid-19 situation the company has continued to operate in the current accounting period. The directors are optimistic that the company will continue operations and have managed to secure new contracts. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date of approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 620,062
Additions 45,780
At 31st March 2024 665,842
DEPRECIATION
At 1st April 2023 259,904
Charge for year 101,485
At 31st March 2024 361,389
NET BOOK VALUE
At 31st March 2024 304,453
At 31st March 2023 360,158

WBS Limited (Registered number: 04255446)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 369,957
DEPRECIATION
At 1st April 2023 96,286
Charge for year 68,918
At 31st March 2024 165,204
NET BOOK VALUE
At 31st March 2024 204,753
At 31st March 2023 273,671

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 1,000 50,000 51,000
NET BOOK VALUE
At 31st March 2024 1,000 50,000 51,000
At 31st March 2023 1,000 50,000 51,000

The company's investment in its subsidiary represents the cost of acquisition of the whole of the ordinary share capital of Wirral Builders Supplies Limited. At 31st March 2024, the aggregate of the share capital and reserves of Wirral Builders Supplies Limited amounted to (£18,038) and the loss for the year to 31st March 2024 was £365.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,012,129 1,257,549
Amounts owed by group undertakings 19,088 18,723
Other debtors 176,309 42,136
1,207,526 1,318,408

WBS Limited (Registered number: 04255446)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 83,155 75,000
Finance leases 62,798 62,898
Trade creditors 785,828 1,167,562
Taxation and social security 91,869 142,739
Other creditors 7,949 7,843
1,031,599 1,456,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,250 81,250
Finance leases 139,744 202,442
145,994 283,692