Registered number
05109922
WMHM Ltd.
Filleted Accounts
30 April 2024
WMHM Ltd.
Registered number: 05109922
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 1,000
Tangible assets 4 2,428 3,101
2,428 4,101
Current assets
Debtors 5 123,389 88,447
Cash at bank and in hand 260,027 329,131
383,416 417,578
Creditors: amounts falling due within one year 6 (66,871) (83,454)
Net current assets 316,545 334,124
Total assets less current liabilities 318,973 338,225
Provisions for liabilities (657) (775)
Net assets 318,316 337,450
Capital and reserves
Called up share capital 2 2
Profit and loss account 318,314 337,448
Shareholders' funds 318,316 337,450
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.
L E Best
Director
Approved by the board on 12 December 2024
WMHM Ltd.
Notes to the Accounts
for the year ended 30 April 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 10,000
At 30 April 2024 10,000
Amortisation
At 1 May 2023 9,000
Provided during the year 1,000
At 30 April 2024 10,000
Net book value
At 30 April 2024 -
At 30 April 2023 1,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 15,410
Additions 304
Disposals (9,435)
At 30 April 2024 6,279
Depreciation
At 1 May 2023 12,309
Charge for the year 810
On disposals (9,268)
At 30 April 2024 3,851
Net book value
At 30 April 2024 2,428
At 30 April 2023 3,101
5 Debtors 2024 2023
£ £
Trade debtors 112,665 87,433
Other debtors 10,724 1,014
123,389 88,447
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 576 113
Trade creditors 1,443 614
Taxation and social security costs 59,119 78,670
Other creditors 5,733 4,057
66,871 83,454
7 Other information
WMHM Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
15 Knebworth Close
Kingstanding
Birmingham
B44 8RU
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