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REGISTERED NUMBER: 10655079 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

WB DM SERVICES LTD

WB DM SERVICES LTD (REGISTERED NUMBER: 10655079)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WB DM SERVICES LTD

Company Information
for the year ended 31 March 2024







Director: J E Child





Registered office: New Derwent House
69-73 Theobald's Road
London
WC1X 8TA





Registered number: 10655079 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

WB DM SERVICES LTD (REGISTERED NUMBER: 10655079)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
Current assets
Debtors 5 956,277 887,993
Cash at bank 18,129 23,988
974,406 911,981
Creditors
Amounts falling due within one year 6 351,951 305,846
Net current assets 622,455 606,135
Total assets less current liabilities 622,455 606,135

Creditors
Amounts falling due after more than one
year

7

13,093

23,274
Net assets 609,362 582,861

Capital and reserves
Called up share capital 8 12 12
Retained earnings 609,350 582,849
Shareholders' funds 609,362 582,861

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 March 2025 and were signed by:





J E Child - Director


WB DM SERVICES LTD (REGISTERED NUMBER: 10655079)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

WB DM Services Ltd 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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 1 (2023 - 1 ) .

WB DM SERVICES LTD (REGISTERED NUMBER: 10655079)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 April 2023 267
Disposals (267 )
At 31 March 2024 -
Depreciation
At 1 April 2023 267
Eliminated on disposal (267 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 956,277 887,993

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,183 9,932
Trade creditors 2,074 150
Taxation and social security 337,844 293,914
Other creditors 1,850 1,850
351,951 305,846

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 13,093 23,274

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12 Ordinary shares 1 12 12

WB DM SERVICES LTD (REGISTERED NUMBER: 10655079)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


9. Director's advances, credits and guarantees

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

2024 2023
£    £   
J E Child
Balance outstanding at start of year 690,304 483,052
Amounts advanced 189,029 320,549
Amounts repaid (137,976 ) (113,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 741,357 690,304