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REGISTERED NUMBER: 06067567 (England and Wales)















W & S HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






W & S HOLDINGS LIMITED (REGISTERED NUMBER: 06067567)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


W & S HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: D G Snushall





REGISTERED OFFICE: Churchlea
Church Road
Harby
Newark
Nottinghamshire
NG23 7ED





REGISTERED NUMBER: 06067567 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

W & S HOLDINGS LIMITED (REGISTERED NUMBER: 06067567)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 175,625 127,692
Investments 5 2,000 2,000
177,625 129,692

CURRENT ASSETS
Inventories 135,000 149,500
Debtors 6 172,907 147,553
Cash at bank 78,622 84,274
386,529 381,327
CREDITORS
Amounts falling due within one year 7 185,168 279,496
NET CURRENT ASSETS 201,361 101,831
TOTAL ASSETS LESS CURRENT LIABILITIES 378,986 231,523

CREDITORS
Amounts falling due after more than one year 8 (349,775 ) (218,627 )

PROVISIONS FOR LIABILITIES (27,177 ) (11,396 )
NET ASSETS 2,034 1,500

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 1,034 500
SHAREHOLDERS' FUNDS 2,034 1,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 January 2025 and were signed by:




D G Snushall - Director


W & S HOLDINGS LIMITED (REGISTERED NUMBER: 06067567)

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

1. STATUTORY INFORMATION

W & S Holdings 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue represents net invoiced sales of goods,excluding value added tax.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on cost and Straight line over 20 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost less impairment.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position. 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 and 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 and loss on a straight line basis over the period of the lease.

W & S HOLDINGS LIMITED (REGISTERED NUMBER: 06067567)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 35,000 191,312 226,312
Additions - 61,133 61,133
At 31 January 2024 35,000 252,445 287,445
DEPRECIATION
At 1 February 2023 - 98,620 98,620
Charge for year - 13,200 13,200
At 31 January 2024 - 111,820 111,820
NET BOOK VALUE
At 31 January 2024 35,000 140,625 175,625
At 31 January 2023 35,000 92,692 127,692

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2,000
NET BOOK VALUE
At 31 January 2024 2,000
At 31 January 2023 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 662
Amounts owed by group undertakings 153,429 137,870
Other debtors 11,715 8,499
Directors' current accounts 7,763 522
172,907 147,553

W & S HOLDINGS LIMITED (REGISTERED NUMBER: 06067567)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,003 10,003
Other loans 5,515 5,515
Amount owed to group
undertakings 1,044 1,044
Hire purchase contracts 13,243 6,713
Trade creditors 121,864 124,795
Taxation 12,000 759
Other taxes and social security 4,649 83,834
Other creditors - 633
Accrued expenses 16,850 46,200
185,168 279,496

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,003 10,003
Bank loans - 2-5 years 3,328 13,337
Preference shares 250,000 150,000
Hire purchase contracts 86,444 45,287
349,775 218,627

Amounts falling due in more than five years:

Repayable by instalments
Preference shares 250,000 150,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 99,687 52,000

The hire purchase is secured on the asset.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

W & S HOLDINGS LIMITED (REGISTERED NUMBER: 06067567)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
D G Snushall
Balance outstanding at start of year 522 7,131
Amounts advanced 153,930 522
Amounts repaid (146,689 ) (7,131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,763 522