WS10 Limited 08030428 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is hire of conference and banqueting facilities. Digita Accounts Production Advanced 6.30.9574.0 true true 08030428 2023-05-01 2024-04-30 08030428 2024-04-30 08030428 bus:OrdinaryShareClass1 2024-04-30 08030428 core:RetainedEarningsAccumulatedLosses 2024-04-30 08030428 core:ShareCapital 2024-04-30 08030428 core:CurrentFinancialInstruments 2024-04-30 08030428 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08030428 core:Non-currentFinancialInstruments 2024-04-30 08030428 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 08030428 core:FurnitureFittingsToolsEquipment 2024-04-30 08030428 core:LandBuildings 2024-04-30 08030428 core:OtherPropertyPlantEquipment 2024-04-30 08030428 bus:SmallEntities 2023-05-01 2024-04-30 08030428 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08030428 bus:FilletedAccounts 2023-05-01 2024-04-30 08030428 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08030428 bus:RegisteredOffice 2023-05-01 2024-04-30 08030428 bus:Director1 2023-05-01 2024-04-30 08030428 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 08030428 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08030428 core:FurnitureFittings 2023-05-01 2024-04-30 08030428 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08030428 core:LandBuildings 2023-05-01 2024-04-30 08030428 core:OfficeEquipment 2023-05-01 2024-04-30 08030428 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 08030428 core:PlantMachinery 2023-05-01 2024-04-30 08030428 countries:EnglandWales 2023-05-01 2024-04-30 08030428 2023-04-30 08030428 core:CostValuation 2023-04-30 08030428 core:FurnitureFittingsToolsEquipment 2023-04-30 08030428 core:LandBuildings 2023-04-30 08030428 core:OtherPropertyPlantEquipment 2023-04-30 08030428 2022-05-01 2023-04-30 08030428 2023-04-30 08030428 bus:OrdinaryShareClass1 2023-04-30 08030428 core:RetainedEarningsAccumulatedLosses 2023-04-30 08030428 core:ShareCapital 2023-04-30 08030428 core:CurrentFinancialInstruments 2023-04-30 08030428 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08030428 core:Non-currentFinancialInstruments 2023-04-30 08030428 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 08030428 core:FurnitureFittingsToolsEquipment 2023-04-30 08030428 core:LandBuildings 2023-04-30 08030428 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08030428

WS10 Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

WS10 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

WS10 Limited

Company Information

Director

Mr H S Kalirai

Registered office

85 Holyhead Road
Wednesbury
WS10 7PA

Accountants

Kalirai & Co Ltd
1 Broad Lane
Bradmore
Wolverhampton
West Midlands
WV3 9BJ

 

WS10 Limited

(Registration number: 08030428)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

84,797

69,974

Investments

5

60,050

60,050

 

144,847

130,024

Current assets

 

Stocks

6

4,796

2,181

Debtors

7

348,528

334,636

Cash at bank and in hand

 

318

3,432

 

353,642

340,249

Creditors: Amounts falling due within one year

8

(407,985)

(274,590)

Net current (liabilities)/assets

 

(54,343)

65,659

Total assets less current liabilities

 

90,504

195,683

Creditors: Amounts falling due after more than one year

8

(29,522)

(35,543)

Net assets

 

60,982

160,140

Capital and Reserves

 

Called up share capital

9

4

4

Retained Earnings

60,978

160,136

Shareholders' funds

 

60,982

160,140

 

WS10 Limited

(Registration number: 08030428)

Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 January 2025
 

.........................................
Mr H S Kalirai
Director

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
85 Holyhead Road
Wednesbury
WS10 7PA

These financial statements were authorised for issue by the director on 31 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Nil

Plant and machinery

20% straight line basis

Fixtures and fittings

15% straight line basis

Office equipment

20% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible Assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

50,468

83,101

91,682

225,251

Additions

5,939

1,397

17,198

24,534

At 30 April 2024

56,407

84,498

108,880

249,785

Depreciation

At 1 May 2023

-

72,470

82,807

155,277

Charge for the year

-

3,487

6,224

9,711

At 30 April 2024

-

75,957

89,031

164,988

Carrying amount

At 30 April 2024

56,407

8,541

19,849

84,797

At 30 April 2023

50,468

10,631

8,875

69,974

Included within the net book value of land and buildings above is £56,407 (2023 - £50,468) in respect of long leasehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in associates

60,050

60,050

Associates

£

Cost

At 1 May 2023

60,050

Provision

Carrying amount

At 30 April 2024

60,050

At 30 April 2023

60,050

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Stocks

2024
£

2023
£

Stocks

4,796

2,181

7

Debtors

Current

Note

2024
£

2023
£

Trade Debtors

 

18,695

21,624

Amounts owed by related parties

11

217,843

229,868

Prepayments

 

9,197

8,865

Other debtors

 

102,793

74,279

   

348,528

334,636

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

6,002

5,967

Trade Creditors

 

49,849

51,990

Taxation and social security

 

873

6,947

Accruals and deferred income

 

52,731

52,068

Other creditors

 

298,530

157,618

 

407,985

274,590

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

29,522

35,543

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £2 each

2

4

2

4

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

29,522

35,543

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,002

5,967

 

WS10 Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

11

Related party transactions

Dividends paid to the director

2024
£

2023
£

Mr H S Kalirai

Interim Dividends paid

-

-