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REGISTERED NUMBER: 04048229 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

WCD Industrial Flooring Limited

WCD Industrial Flooring Limited (Registered number: 04048229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

WCD Industrial Flooring Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R P Dunn
Mrs J Dunn





SECRETARY: Mrs J Dunn





REGISTERED OFFICE: Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE





REGISTERED NUMBER: 04048229 (England and Wales)





ACCOUNTANTS: Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE

WCD Industrial Flooring Limited (Registered number: 04048229)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400 400
Tangible assets 5 47,415 66,627
47,815 67,027

CURRENT ASSETS
Stocks 30,025 30,025
Debtors 6 204,447 165,159
Cash at bank 53,082 13,897
287,554 209,081
CREDITORS
Amounts falling due within one year 7 220,115 194,766
NET CURRENT ASSETS 67,439 14,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,254

81,342

CREDITORS
Amounts falling due after more than one
year

8

(36,398

)

(70,692

)

PROVISIONS FOR LIABILITIES (11,358 ) (21,528 )
NET ASSETS/(LIABILITIES) 67,498 (10,878 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 67,496 (10,880 )
SHAREHOLDERS' FUNDS 67,498 (10,878 )

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 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.

WCD Industrial Flooring Limited (Registered number: 04048229)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Mrs J Dunn - Director


WCD Industrial Flooring Limited (Registered number: 04048229)

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

1. STATUTORY INFORMATION

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

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.

Patent costs are charged to the profit and loss accounts in full when incurred.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred income
Deferred income represents the net value of invoices raised in the year for which work is to be undertaken after the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

WCD Industrial Flooring Limited (Registered number: 04048229)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 125,000 400 125,400
AMORTISATION
At 1 September 2023
and 31 August 2024 125,000 - 125,000
NET BOOK VALUE
At 31 August 2024 - 400 400
At 31 August 2023 - 400 400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 345,352
DEPRECIATION
At 1 September 2023 278,725
Charge for year 19,212
At 31 August 2024 297,937
NET BOOK VALUE
At 31 August 2024 47,415
At 31 August 2023 66,627

WCD Industrial Flooring Limited (Registered number: 04048229)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 52,077
Transfer to ownership (15,990 )
At 31 August 2024 36,087
DEPRECIATION
At 1 September 2023 27,389
Charge for year 7,217
Transfer to ownership (9,947 )
At 31 August 2024 24,659
NET BOOK VALUE
At 31 August 2024 11,428
At 31 August 2023 24,688

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 74,928 66,374
Other debtors 105,320 74,586
180,248 140,960

Amounts falling due after more than one year:
Other debtors 24,199 24,199

Aggregate amounts 204,447 165,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 30,000 30,000
Finance leases (see note 9) 4,295 6,627
Trade creditors 79,600 54,144
Taxation and social security 99,662 95,730
Other creditors 6,558 8,265
220,115 194,766

WCD Industrial Flooring Limited (Registered number: 04048229)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 22,500 52,500
Finance leases (see note 9) 13,898 18,192
36,398 70,692

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 4,295 6,627
Between one and five years 13,898 18,192
18,193 24,819

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year - 1,359

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Finance leases 18,193 24,819

The bank overdraft is secured by way of a debenture dated 01 June 2006 in favour of HSBC Bank Plc - fixed and floating charges over the undertaking & all property & assets present & future.

Finance lease contracts are secured against the assets concerned.

WCD Industrial Flooring Limited (Registered number: 04048229)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
R P Dunn and Mrs J Dunn
Balance outstanding at start of year 72,874 53,552
Amounts advanced 17,792 194,591
Amounts repaid (13,336 ) (175,269 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,330 72,874

The loan with the directors is unsecured, interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

Included within debtors is £14,670 (2023 - £14,670) due from Commonwood Fishery, a business owned solely by the director RP Dunn. Turnover in the year with Commonwood Fisheries was nil (2023 - £nil).

13. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous year.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
WCD Industrial Flooring Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WCD Industrial Flooring Limited for the year ended 31 August 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of WCD Industrial Flooring Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WCD Industrial Flooring Limited and state those matters that we have agreed to state to the Board of Directors of WCD Industrial Flooring Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WCD Industrial Flooring Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WCD Industrial Flooring Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WCD Industrial Flooring Limited. You consider that WCD Industrial Flooring Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WCD Industrial Flooring Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dufton Kellner Limited
Chartered Accountants
Barnston House
Beacon Lane
Heswall
Wirral
Merseyside
CH60 0EE


Date: .............................................