Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falsesale of cleaning textiles and other materials2121falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02817463 2023-05-01 2024-04-30 02817463 2022-05-01 2023-04-30 02817463 2024-04-30 02817463 2023-04-30 02817463 c:Director1 2023-05-01 2024-04-30 02817463 c:Director2 2023-05-01 2024-04-30 02817463 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 02817463 d:Buildings d:LongLeaseholdAssets 2024-04-30 02817463 d:Buildings d:LongLeaseholdAssets 2023-04-30 02817463 d:PlantMachinery 2023-05-01 2024-04-30 02817463 d:PlantMachinery 2024-04-30 02817463 d:PlantMachinery 2023-04-30 02817463 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02817463 d:MotorVehicles 2023-05-01 2024-04-30 02817463 d:MotorVehicles 2024-04-30 02817463 d:MotorVehicles 2023-04-30 02817463 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02817463 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02817463 d:CurrentFinancialInstruments 2024-04-30 02817463 d:CurrentFinancialInstruments 2023-04-30 02817463 d:Non-currentFinancialInstruments 2024-04-30 02817463 d:Non-currentFinancialInstruments 2023-04-30 02817463 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02817463 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02817463 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02817463 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02817463 d:ShareCapital 2024-04-30 02817463 d:ShareCapital 2023-04-30 02817463 d:RetainedEarningsAccumulatedLosses 2024-04-30 02817463 d:RetainedEarningsAccumulatedLosses 2023-04-30 02817463 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02817463 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02817463 c:OrdinaryShareClass2 2023-05-01 2024-04-30 02817463 c:OrdinaryShareClass2 2024-04-30 02817463 c:OrdinaryShareClass2 2023-04-30 02817463 c:OrdinaryShareClass3 2023-05-01 2024-04-30 02817463 c:OrdinaryShareClass3 2024-04-30 02817463 c:OrdinaryShareClass3 2023-04-30 02817463 c:FRS102 2023-05-01 2024-04-30 02817463 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02817463 c:FullAccounts 2023-05-01 2024-04-30 02817463 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02817463 d:MoreThanFiveYears 2024-04-30 02817463 d:MoreThanFiveYears 2023-04-30 02817463 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure


Registered number: 02817463












WIPER SUPPLY SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 

WIPER SUPPLY SERVICES LIMITED

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 10



 
REGISTERED NUMBER:02817463
WIPER SUPPLY SERVICES LIMITED

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
221,714
190,608

Current assets
  

Stocks
  
1,383,271
1,434,556

Debtors: amounts falling due within one year
 5 
720,814
668,749

Bank and cash balances
  
198,274
38,722

  
2,302,359
2,142,027

Creditors: amounts falling due within one year
 6 
(813,563)
(622,386)

Net current assets
  
 
 
1,488,796
 
 
1,519,641

Total assets less current liabilities
  
1,710,510
1,710,249

Creditors: amounts falling due after more than one year
 7 
-
(6,654)

Provisions for liabilities
  

Deferred tax
 8 
(40,621)
(46,782)

Net assets
  
1,669,889
1,656,813


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
1,669,887
1,656,811

Total equity
  
1,669,889
1,656,813


Page 1


 
REGISTERED NUMBER:02817463
WIPER SUPPLY SERVICES LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Farleigh
P Samuels
Director
Director


Date: 18 November 2024
Date:18 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Wiper Supply Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH.
The financial statements are presented in Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue represents amounts receivable for goods net of VAT and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the appropriate method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
per annum on cost
Plant and machinery
-
25%
per annum on cost
Motor vehicles
-
25%
on a reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

  
2.7

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 
For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. 
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
 
Page 6

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. 
Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

  
2.11

Share capital

Ordinary shares are classified as equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).

Page 7

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2023
40,414
832,671
154,661
1,027,746


Additions
-
8,098
51,847
59,945


Disposals
-
-
(60,554)
(60,554)



At 30 April 2024

40,414
840,769
145,954
1,027,137



Depreciation


At 1 May 2023
40,414
676,438
120,286
837,138


Charge for the year on owned assets
-
9,444
19,395
28,839


Disposals
-
-
(60,554)
(60,554)



At 30 April 2024

40,414
685,882
79,127
805,423



Net book value



At 30 April 2024
-
154,887
66,827
221,714



At 30 April 2023
-
156,233
34,375
190,608


5.


Debtors

2024
2023
£
£


Trade debtors
472,895
483,372

Other debtors
247,919
185,377

720,814
668,749


Page 8

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
65,740
36,452

Corporation tax
68,157
6,141

Other taxation and social security
50,523
-

Obligations under finance lease and hire purchase contracts
6,654
13,307

Other creditors
319,247
105,656

Accruals and deferred income
303,242
460,830

813,563
622,386



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
6,654



8.


Deferred taxation




2024


£






At beginning of year
(46,782)


Charged to profit or loss
6,161



At end of year
(40,621)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(40,621)
(46,782)

(40,621)
(46,782)

Page 9

 

WIPER SUPPLY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2022 - 01) Ordinary A share of £1.00
1
1
1 (2022 - 0 1) Ordinary B share of £1.00
1
1

2

2



10.


Commitments under operating leases

At 30 April 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Later than 5 years
546,339
766,796

546,339
766,796


11.


Directors' transactions

Included within other creditors is the total amount of £60,028 (2023: £103,876) owed to the directors. The
loans are provided interest free and are unsecured. There are no formal terms and conditions regarding
repayment of the loans. 

 
Page 10