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REGISTERED NUMBER: 08667985 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Wm Solutions (Uk) Ltd

Wm Solutions (Uk) Ltd (Registered number: 08667985)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Wm Solutions (Uk) Ltd (Registered number: 08667985)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,683 42,499

CURRENT ASSETS
Stocks 6,000 5,999
Debtors 5 19,101 2,056
Cash at bank 175,386 317,674
200,487 325,729
CREDITORS
Amounts falling due within one year 6 94,751 122,913
NET CURRENT ASSETS 105,736 202,816
TOTAL ASSETS LESS CURRENT LIABILITIES 138,419 245,315

CREDITORS
Amounts falling due after more than one year 7 (23,256 ) (28,623 )

PROVISIONS FOR LIABILITIES (7,309 ) (9,268 )
NET ASSETS 107,854 207,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,754 207,324
SHAREHOLDERS' FUNDS 107,854 207,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





E H Whitehead - Director


Wm Solutions (Uk) Ltd (Registered number: 08667985)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Wm Solutions (Uk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08667985

Registered office: Hilton Hall Business Centre
Hilton Lane
Essington
Wolverhampton
WV11 2BQ

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

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Profit and Loss Account, 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.

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.

Wm Solutions (Uk) Ltd (Registered number: 08667985)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 4,597 127,398 8,949 140,944
Additions 634 - 490 1,124
At 31 August 2024 5,231 127,398 9,439 142,068
DEPRECIATION
At 1 September 2023 3,736 85,883 8,826 98,445
Charge for year 280 10,378 282 10,940
At 31 August 2024 4,016 96,261 9,108 109,385
NET BOOK VALUE
At 31 August 2024 1,215 31,137 331 32,683
At 31 August 2023 861 41,515 123 42,499

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 46,645
DEPRECIATION
At 1 September 2023 20,407
Charge for year 6,559
At 31 August 2024 26,966
NET BOOK VALUE
At 31 August 2024 19,679
At 31 August 2023 26,238

Wm Solutions (Uk) Ltd (Registered number: 08667985)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,121 2,056
Other debtors 14,980 -
19,101 2,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,367 5,367
Trade creditors 22,627 25,347
Taxation and social security 62,225 87,634
Other creditors 4,532 4,565
94,751 122,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,256 28,623

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 28,623 33,990

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
E H Whitehead
Balance outstanding at start of year (21 ) -
Amounts advanced 80,000 -
Amounts repaid (64,999 ) (21 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,980 (21 )