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REGISTERED NUMBER: 13349423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WCP BRANDS LIMITED

WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)






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


WCP BRANDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Ms G Branch
A Llewellyn





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 13349423 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)

BALANCE SHEET
30 APRIL 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
16,028 Intangible assets 4 10,684
6,662 Tangible assets 5 31,857
22,690 42,541

CURRENT ASSETS
280,685 Debtors 6 414,127
125,859 Cash at bank and in hand 58,514
406,544 472,641
CREDITORS
167,858 Amounts falling due within one year 7 211,913
238,686 NET CURRENT ASSETS 260,728
261,376 TOTAL ASSETS LESS CURRENT
LIABILITIES

303,269

849 PROVISIONS FOR LIABILITIES 2,304
260,527 NET ASSETS 300,965

CAPITAL AND RESERVES
143 Called up share capital 8 143
354,957 Share premium 354,957
(94,573 ) Retained earnings (54,135 )
260,527 SHAREHOLDERS' FUNDS 300,965

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.

WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)

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 29 January 2025 and were signed on its behalf by:





Ms G Branch - Director


WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)

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

1. STATUTORY INFORMATION

WCP Brands 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the sales of goods and services provided during the period by reference to sales invoices.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 May 2023
and 30 April 2024 26,715
AMORTISATION
At 1 May 2023 10,687
Amortisation for year 5,344
At 30 April 2024 16,031
NET BOOK VALUE
At 30 April 2024 10,684
At 30 April 2023 16,028

WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
Totals property fittings equipment
£    £    £    £   
COST
At 1 May 2023 12,407 - 6,107 6,300
Additions 32,224 23,075 - 9,149
At 30 April 2024 44,631 23,075 6,107 15,449
DEPRECIATION
At 1 May 2023 5,745 - 2,673 3,072
Charge for year 7,029 2,308 860 3,861
At 30 April 2024 12,774 2,308 3,533 6,933
NET BOOK VALUE
At 30 April 2024 31,857 20,767 2,574 8,516
At 30 April 2023 6,662 - 3,434 3,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 372,244 247,088
Amounts owed by associates 8,161 -
Other debtors 33,722 33,597
414,127 280,685

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 151,056 90,380
Amounts owed to associates - 8,621
Taxation and social security 35,185 26,050
Other creditors 25,672 42,807
211,913 167,858

WCP BRANDS LIMITED (REGISTERED NUMBER: 13349423)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,265,431 Ordinary £.000 1 127 127
161,413 A Ordinary £.000 1 16 16
143 143

9. OTHER FINANCIAL COMMITMENTS

During the year the company entered into an operating lease agreement over 3 years.
At the balance sheet date the total commitment remaining was £30,744, of which £17,080 was due after one year.