IRIS Accounts Production v24.3.0.553 01246111 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 0.02500 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012461112023-05-31012461112024-05-31012461112023-06-012024-05-31012461112022-05-31012461112022-06-012023-05-31012461112023-05-3101246111ns15:EnglandWales2023-06-012024-05-3101246111ns14:PoundSterling2023-06-012024-05-3101246111ns10:Director12023-06-012024-05-3101246111ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3101246111ns10:SmallEntities2023-06-012024-05-3101246111ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3101246111ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3101246111ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101246111ns10:FullAccounts2023-06-012024-05-310124611112023-06-012024-05-3101246111ns10:OrdinaryShareClass22023-06-012024-05-3101246111ns10:Director22023-06-012024-05-3101246111ns10:RegisteredOffice2023-06-012024-05-3101246111ns5:CurrentFinancialInstruments2024-05-3101246111ns5:CurrentFinancialInstruments2023-05-3101246111ns5:Non-currentFinancialInstruments2024-05-3101246111ns5:Non-currentFinancialInstruments2023-05-3101246111ns5:ShareCapital2024-05-3101246111ns5:ShareCapital2023-05-3101246111ns5:CapitalRedemptionReserve2024-05-3101246111ns5:CapitalRedemptionReserve2023-05-3101246111ns5:RetainedEarningsAccumulatedLosses2024-05-3101246111ns5:RetainedEarningsAccumulatedLosses2023-05-3101246111ns5:NetGoodwill2023-06-012024-05-3101246111ns5:LeaseholdImprovements2023-06-012024-05-3101246111ns5:PlantMachinery2023-06-012024-05-3101246111ns5:FurnitureFittings2023-06-012024-05-3101246111ns5:MotorVehicles2023-06-012024-05-3101246111ns5:ComputerEquipment2023-06-012024-05-3101246111ns5:NetGoodwill2023-05-3101246111ns5:NetGoodwill2024-05-3101246111ns5:NetGoodwill2023-05-3101246111ns5:LeaseholdImprovements2023-05-3101246111ns5:PlantMachinery2023-05-3101246111ns5:FurnitureFittings2023-05-3101246111ns5:LeaseholdImprovements2024-05-3101246111ns5:PlantMachinery2024-05-3101246111ns5:FurnitureFittings2024-05-3101246111ns5:LeaseholdImprovements2023-05-3101246111ns5:PlantMachinery2023-05-3101246111ns5:FurnitureFittings2023-05-3101246111ns5:MotorVehicles2023-05-3101246111ns5:ComputerEquipment2023-05-3101246111ns5:MotorVehicles2024-05-3101246111ns5:ComputerEquipment2024-05-3101246111ns5:MotorVehicles2023-05-3101246111ns5:ComputerEquipment2023-05-3101246111ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3101246111ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3101246111ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-3101246111ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-310124611112024-05-310124611112023-05-3101246111ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3101246111ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3101246111ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3101246111ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3101246111ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3101246111ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3101246111ns10:OrdinaryShareClass22024-05-3101246111ns5:RetainedEarningsAccumulatedLosses2023-05-3101246111ns5:CapitalRedemptionReserve2023-05-3101246111ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 01246111 (England and Wales)















WCM & A LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WCM & A LTD (REGISTERED NUMBER: 01246111)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WCM & A LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S D Adam
Mrs J K Adam





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 01246111 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

WCM & A LTD (REGISTERED NUMBER: 01246111)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 589,384 518,207
589,384 518,207

CURRENT ASSETS
Stocks 6 163,838 158,113
Debtors 7 656,339 620,721
Cash at bank and in hand 373,200 434,912
1,193,377 1,213,746
CREDITORS
Amounts falling due within one year 8 489,333 496,602
NET CURRENT ASSETS 704,044 717,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293,428

1,235,351

CREDITORS
Amounts falling due after more than one
year

9

(7,086

)

(68,943

)

PROVISIONS FOR LIABILITIES (66,418 ) (80,636 )
NET ASSETS 1,219,924 1,085,772

CAPITAL AND RESERVES
Called up share capital 10 3,958 3,958
Capital redemption reserve 11 125 125
Retained earnings 11 1,215,841 1,081,689
SHAREHOLDERS' FUNDS 1,219,924 1,085,772

WCM & A LTD (REGISTERED NUMBER: 01246111)

BALANCE SHEET - continued
31 MAY 2024


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:





S D Adam - Director


WCM & A LTD (REGISTERED NUMBER: 01246111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

WCM & A Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has now been fully amortised.

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.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance and at varying rates on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% on cost and 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

WCM & A LTD (REGISTERED NUMBER: 01246111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2023 - 58 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 278,960
AMORTISATION
At 1 June 2023
and 31 May 2024 278,960
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

WCM & A LTD (REGISTERED NUMBER: 01246111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 292,098 608,998 298,442
Additions - 136,555 -
Disposals - (27,745 ) -
At 31 May 2024 292,098 717,808 298,442
DEPRECIATION
At 1 June 2023 28,000 475,926 192,898
Charge for year 5,191 71,599 15,833
Eliminated on disposal - (26,160 ) -
At 31 May 2024 33,191 521,365 208,731
NET BOOK VALUE
At 31 May 2024 258,907 196,443 89,711
At 31 May 2023 264,098 133,072 105,544

Computer
and
Motor office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 40,883 11,661 1,252,082
Additions 48,780 4,353 189,688
Disposals (35,290 ) - (63,035 )
At 31 May 2024 54,373 16,014 1,378,735
DEPRECIATION
At 1 June 2023 28,314 8,737 733,875
Charge for year 13,244 2,685 108,552
Eliminated on disposal (26,916 ) - (53,076 )
At 31 May 2024 14,642 11,422 789,351
NET BOOK VALUE
At 31 May 2024 39,731 4,592 589,384
At 31 May 2023 12,569 2,924 518,207

WCM & A LTD (REGISTERED NUMBER: 01246111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023 46,387
Additions 11,995
At 31 May 2024 58,382
DEPRECIATION
At 1 June 2023 20,295
Charge for year 9,522
At 31 May 2024 29,817
NET BOOK VALUE
At 31 May 2024 28,565
At 31 May 2023 26,092

6. STOCKS
2024 2023
£    £   
Stocks 155,075 152,216
Work in progress 8,763 5,897
163,838 158,113

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 617,393 586,342
Staff loan 500 -
Prepayments and accrued income 38,446 34,379
656,339 620,721

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 30,000
Shareholders loans 37,004 17,067
Hire purchase contracts 10,308 15,462
Trade creditors 139,973 82,834
Tax 61,396 81,016
Social security and other taxes 33,946 30,659
Pension 8,798 7,113
VAT 132,089 134,917
Directors' current accounts 39,937 29,950
Accruals and deferred income 25,882 67,584
489,333 496,602

WCM & A LTD (REGISTERED NUMBER: 01246111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 30,000
Bank loans - 2-5 years - 32,500
Hire purchase contracts 7,086 6,443
7,086 68,943

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
158,300 Ordinary 2.5p 3,958 3,958

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2023 1,081,689 125 1,081,814
Profit for the year 254,152 254,152
Dividends (120,000 ) (120,000 )
At 31 May 2024 1,215,841 125 1,215,966

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S D Adam received dividends of £60,000 during this financial year.

S D Adam is a director in Wild Dog Creations Ltd. There were no transactions between the two companies during this financial year.