WDC Creative Limited - Filleted accounts

Registered number

04257891

WDC Creative Limited

Filleted Accounts

31 July 2024

WDC Creative Limited
Registered number:		04257891
Balance Sheet
as at 31 July 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		30,020			34,677

Current assets
Debtors	4	168,289			96,086
Cash at bank and in hand		190,267			338,305
		358,556			434,391

Creditors: amounts falling due within one year	5	(194,997)			(241,259)

Net current assets			163,559			193,132

Total assets less current liabilities			193,579			227,809


Provisions for liabilities			(3,776)			(5,354)


Net assets			189,803			222,455

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			188,803			221,455

Shareholders' funds			189,803			222,455

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Director's responsibilities
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Helen Elizabeth West
Director
Approved by the board on 21 October 2024

WDC Creative Limited
Notes to the Accounts
for the year ended 31 July 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	18% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		16		12


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 August 2023				133,661
	Additions				1,932
	At 31 July 2024				135,593

	Depreciation
	At 1 August 2023				98,984
	Charge for the year				6,589
	At 31 July 2024				105,573

	Net book value
	At 31 July 2024				30,020
	At 31 July 2023				34,677


4	Debtors		2024		2023
£				£

	Trade debtors		167,989		96,086
	Other debtors		300		-
			168,289		96,086


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Taxation and social security costs		64,808		96,527
	Other creditors		130,189		144,732
			194,997		241,259


6	Related party transactions

	The company paid dividends of £79,900 (2023 - £78,500) to the directors, Mr Jason West and Mrs Helen Elizabeth West.


7	Controlling party

	The company is controlled by the directors, Mr Jason West and Mrs Helen Elizabeth West.


8	Other information

	WDC Creative Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1st Floor
	Studio 14
	14 Little Lever Street
	Manchester
	M1 1HR