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Company Registration No. 12370714 (England and Wales)
WYK Group Limited Unaudited accounts for the year ended 31 December 2024
WYK Group Limited Unaudited accounts Contents
Page
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WYK Group Limited Company Information for the year ended 31 December 2024
Directors
Robert Andrew Jackson Alexandros Spiros Loukos Rahwa Mahari Heena Mistry Adesegun Ogunsheye
Company Number
12370714 (England and Wales)
Registered Office
204a Cassland Road London E9 5AJ England
Accountants
Henshaws Accountants Office 7 37-39 Shakespeare Street Southport PR8 5AB
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WYK Group Limited Accountants' report
Accountants' report to the board of directors of WYK Group Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Henshaws Accountants Office 7 37-39 Shakespeare Street Southport PR8 5AB 19 March 2025
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WYK Group Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,549 
1,444 
Current assets
Debtors
123,914 
75,583 
Cash at bank and in hand
79,907 
138,603 
203,821 
214,186 
Creditors: amounts falling due within one year
(100,520)
(95,582)
Net current assets
103,301 
118,604 
Total assets less current liabilities
104,850 
120,048 
Creditors: amounts falling due after more than one year
(63,017)
(84,839)
Net assets
41,833 
35,209 
Reserves
Profit and loss account
41,833 
35,209 
Members' funds
41,833 
35,209 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by
Robert Andrew Jackson Director Company Registration No. 12370714
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WYK Group Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
WYK Group Limited is a private company, limited by guarantee, registered in England and Wales, registration number 12370714. The registered office is 204a Cassland Road, London, E9 5AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33%
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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WYK Group Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
3,916 
Additions
916 
At 31 December 2024
4,832 
Depreciation
At 1 January 2024
2,472 
Charge for the year
811 
At 31 December 2024
3,283 
Net book value
At 31 December 2024
1,549 
At 31 December 2023
1,444 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
61,556 
Accrued income and prepayments
123,914 
- 
Other debtors
- 
14,027 
123,914 
75,583 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,499 
3,795 
VAT
2,210 
14,052 
Trade creditors
41,594 
10,648 
Taxes and social security
4,584 
10,769 
Other creditors
30,000 
52,100 
Loans from directors
2,751 
4,218 
Accruals
13,882 
- 
100,520 
95,582 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
63,017 
84,839 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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WYK Group Limited Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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