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REGISTERED NUMBER: 03473177 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WDS DESIGN LIMITED

WDS DESIGN LIMITED (REGISTERED NUMBER: 03473177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WDS DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr D A Watson
Mrs S R Watson





SECRETARY: Mrs S R Watson





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL





REGISTERED NUMBER: 03473177 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

WDS DESIGN LIMITED (REGISTERED NUMBER: 03473177)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,640 12,518
Investment Properties 5 3,325,000 3,100,000
3,335,640 3,112,518

CURRENT ASSETS
Debtors 6 27,907 20,460
Cash at bank 33,333 42,690
61,240 63,150
CREDITORS
Amounts falling due within one year 7 200,816 195,742
NET CURRENT LIABILITIES (139,576 ) (132,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,196,064

2,979,926

CREDITORS
Amounts falling due after more than one year 8 820,422 964,677
NET ASSETS 2,375,642 2,015,249

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 1,213,997 988,997
Retained earnings 1,161,643 1,026,250
SHAREHOLDERS' FUNDS 2,375,642 2,015,249

WDS DESIGN LIMITED (REGISTERED NUMBER: 03473177)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 January 2025 and were signed on its behalf by:





Mr D A Watson - Director


WDS DESIGN LIMITED (REGISTERED NUMBER: 03473177)

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

1. STATUTORY INFORMATION

WDS Design 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 28,652
DEPRECIATION
At 1 May 2023 16,134
Charge for year 1,878
At 30 April 2024 18,012
NET BOOK VALUE
At 30 April 2024 10,640
At 30 April 2023 12,518

WDS DESIGN LIMITED (REGISTERED NUMBER: 03473177)

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

5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 May 2023 3,100,000
Revaluations 225,000
At 30 April 2024 3,325,000
NET BOOK VALUE
At 30 April 2024 3,325,000
At 30 April 2023 3,100,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 788,997
Valuation in 2023 200,000
Valuation in 2024 225,000
Cost 2,111,003
3,325,000

Investment properties were valued on an open market basis on 30 April 2024 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,917 12,257
Other debtors 14,990 8,203
27,907 20,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank Loans 76,105 79,113
Trade creditors 69,812 74,702
Taxation and social security 50,656 35,666
Other creditors 4,243 6,261
200,816 195,742

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 820,422 964,677

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023 988,997
Revaluations 225,000

At 30 April 2024 1,213,997