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REGISTERED NUMBER: 09233502 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WESSEX COMPRESSORS LIMITED

WESSEX COMPRESSORS LIMITED (REGISTERED NUMBER: 09233502)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


WESSEX COMPRESSORS LIMITED (REGISTERED NUMBER: 09233502)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 298,035 324,133

Current assets
Stocks 143,416 135,000
Debtors 5 216,769 185,207
Cash at bank and in hand 460,195 637,186
820,380 957,393
Creditors
Amounts falling due within one year 6 275,323 287,100
Net current assets 545,057 670,293
Total assets less current liabilities 843,092 994,426

Provisions for liabilities 7 5,292 10,448
Net assets 837,800 983,978

Capital and reserves
Called up share capital 8 4 4
Retained earnings 837,796 983,974
Shareholders' funds 837,800 983,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





Mr G Whetlor - Director


WESSEX COMPRESSORS LIMITED (REGISTERED NUMBER: 09233502)

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


1. Statutory information

Wessex Compressors Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09233502. The registered office and business address is Unit 9 Chantry Park, 2 Cowley Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0UJ.

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 income receivable from the sale and service of compressed air equipment, net of VAT and trade discounts.

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

Freehold property is stated at fair value as long as a value can be measured reliably. This was reviewed by the directors on 30 September 2024 and it was confirmed that the fair value remains in line with the cost at the year-end.

Stocks
Stock is valued at the lower of cost and net realisable value.

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.

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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

WESSEX COMPRESSORS LIMITED (REGISTERED NUMBER: 09233502)

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


2. Accounting policies - continued

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 9 ) .

4. Tangible fixed assets
Fixtures
Freehold Leasehold and
property property fittings
£    £    £   
Cost
At 1 October 2023 222,500 59,496 34,193
Additions - - -
At 30 September 2024 222,500 59,496 34,193
Depreciation
At 1 October 2023 - 8,263 10,838
Charge for year - 4,958 5,839
At 30 September 2024 - 13,221 16,677
Net book value
At 30 September 2024 222,500 46,275 17,516
At 30 September 2023 222,500 51,233 23,355

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 October 2023 79,581 500 396,270
Additions - 1,380 1,380
At 30 September 2024 79,581 1,880 397,650
Depreciation
At 1 October 2023 52,911 125 72,137
Charge for year 16,242 439 27,478
At 30 September 2024 69,153 564 99,615
Net book value
At 30 September 2024 10,428 1,316 298,035
At 30 September 2023 26,670 375 324,133

WESSEX COMPRESSORS LIMITED (REGISTERED NUMBER: 09233502)

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


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 212,071 182,955
Prepayments 4,698 2,252
216,769 185,207

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 93,763 185,112
Amounts owed to group undertakings 99,950 -
Tax 48,978 62,244
Social security and other taxes 6,928 6,368
VAT 20,302 27,874
Other creditors 1,460 1,096
Directors' current accounts 357 991
Accruals and deferred income 3,585 3,415
275,323 287,100

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 5,292 10,448

Deferred
tax
£   
Balance at 1 October 2023 10,448
Credit to Income statement during year (5,156 )
Balance at 30 September 2024 5,292

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

9. Ultimate controlling party

At the beginning of the period, the company was controlled by the directors.

However, a share for share exchange took place during the period and subsequently the company is now controlled by its parent company, W C S Holdings (Dorset) Ltd, by virtue of its 100% ownership of the issued share capital.

The parent company's registered office address is Unit 9 Chantry Park, 2 Cowley Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0UJ.

The ultimate controlling party is Mr & Mrs Whetlor by virtue of their 100% ownership of the parent company's issued share capital.