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REGISTERED NUMBER: 00515588 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WRW ENGINEERING COMPANY LIMITED

WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)






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


WRW ENGINEERING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J P Porter
Mrs H C Porter





SECRETARY: J P Porter





REGISTERED OFFICE: Unit 2
The Ember Centre Hersham Trading Estate
Lyon Road
Hersham
Surrey
KT12 3PU





REGISTERED NUMBER: 00515588 (England and Wales)






WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 675,664 666,189
Investments 5 100 -
675,764 666,189

CURRENT ASSETS
Stocks 212,838 202,833
Debtors 6 244,660 412,993
Cash at bank and in hand 342,802 418,478
800,300 1,034,304
CREDITORS
Amounts falling due within one year 7 452,381 534,198
NET CURRENT ASSETS 347,919 500,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,023,683

1,166,295

CREDITORS
Amounts falling due after more than one year 8 (95,833 ) (149,233 )

PROVISIONS FOR LIABILITIES (167,778 ) (128,772 )
NET ASSETS 760,072 888,290

CAPITAL AND RESERVES
Called up share capital 2,502 2,502
Capital redemption reserve 2,503 2,503
Other reserves (750,003 ) (750,003 )
Retained earnings 1,505,070 1,633,288
SHAREHOLDERS' FUNDS 760,072 888,290

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.

WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)

BALANCE SHEET - continued
30 APRIL 2024


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 22 January 2025 and were signed on its behalf by:





J P Porter - Director


WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)

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

1. STATUTORY INFORMATION

WRW Engineering Company 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Short leasehold - in accordance with the property
Improvements to property - 20% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 May 2023 4,094 22,229 1,466,246
Additions - - 78,012
At 30 April 2024 4,094 22,229 1,544,258
DEPRECIATION
At 1 May 2023 4,093 22,226 833,135
Charge for year - - 71,113
At 30 April 2024 4,093 22,226 904,248
NET BOOK VALUE
At 30 April 2024 1 3 640,010
At 30 April 2023 1 3 633,111

WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 123,514 16,768 1,632,851
Additions 5,217 3,000 86,229
At 30 April 2024 128,731 19,768 1,719,080
DEPRECIATION
At 1 May 2023 97,514 9,694 966,662
Charge for year 3,122 2,519 76,754
At 30 April 2024 100,636 12,213 1,043,416
NET BOOK VALUE
At 30 April 2024 28,095 7,555 675,664
At 30 April 2023 26,000 7,074 666,189


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

WRW TECH LIMITED
Registered office: Unit 2 The Ember Centre, Hersham Trading Estate, Lyon Road, Hersham, Surrey,KT12 3PU
Nature of business: Engineering
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 100

WRW ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00515588)

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

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 89,354 368,645
Amounts owed by group undertakings 43,255 -
Other debtors 103,051 35,348
235,660 403,993

Amounts falling due after more than one year:
Other debtors 9,000 9,000

Aggregate amounts 244,660 412,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 3,400 12,430
Trade creditors 173,020 244,603
Taxation and social security 205,690 217,025
Other creditors 20,271 10,140
452,381 534,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 95,833 145,833
Hire purchase contracts - 3,400
95,833 149,233

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 3,400 15,830

The hire purchase liabilities are secured on the assets to which they relate.

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had other financial commitments of £317,764 (2023 £380,194)