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REGISTERED NUMBER: 12364774 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Wemtech (Holdings) Limited

Wemtech (Holdings) Limited (Registered number: 12364774)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Wemtech (Holdings) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms S Cooper
T J Harrison
C Zivoder





REGISTERED OFFICE: The Great Barn
Alcester Road
Wootton Wawen
Henley-In-Arden
B95 6HJ





REGISTERED NUMBER: 12364774 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Wemtech (Holdings) Limited (Registered number: 12364774)

Abridged Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 184,277 184,277

CREDITORS
Amounts falling due within one year 167,779 132,294
NET CURRENT LIABILITIES (167,779 ) (132,294 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,498

51,983

CREDITORS
Amounts falling due after more than one year 17,212 51,602
NET (LIABILITIES)/ASSETS (714 ) 381

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (814 ) 281
SHAREHOLDERS' FUNDS (714 ) 381

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

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

Wemtech (Holdings) Limited (Registered number: 12364774)

Abridged Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





T J Harrison - Director


Wemtech (Holdings) Limited (Registered number: 12364774)

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

1. STATUTORY INFORMATION

Wemtech (Holdings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost. The investments will be reviewed for possible impairment on an annual basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

Wemtech (Holdings) Limited (Registered number: 12364774)

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 184,277
NET BOOK VALUE
At 31 March 2024 184,277
At 31 March 2023 184,277


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

Wemtech (Holdings) Limited owns 100% of the issued share capital of Wemtech CTS Limited and Experior Technical Services Limited.

The company provided services to Wemtech CTS Limited, which resulted in an income charge of £0 (2023 - £10,000) within the Financial Statements.

Amounts owed to/from Wemtech Limited and Wemtech CTS Limited at the year end totalled £136,699 (2023 - £94,975).

7. ULTIMATE CONTROLLING PARTY

The controlling parties throughout the year were the Directors by virtue of their 100% holding in the issued share capital of the company.