IRIS Accounts Production v25.1.0.734 10711744 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107117442024-01-31107117442025-01-31107117442024-02-012025-01-31107117442023-01-31107117442023-02-012024-01-31107117442024-01-3110711744ns15:EnglandWales2024-02-012025-01-3110711744ns14:PoundSterling2024-02-012025-01-3110711744ns10:Director12024-02-012025-01-3110711744ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3110711744ns10:SmallEntities2024-02-012025-01-3110711744ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3110711744ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3110711744ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3110711744ns10:FullAccounts2024-02-012025-01-311071174412024-02-012025-01-3110711744ns10:Director22024-02-012025-01-3110711744ns10:RegisteredOffice2024-02-012025-01-3110711744ns5:CurrentFinancialInstruments2025-01-3110711744ns5:CurrentFinancialInstruments2024-01-3110711744ns5:Non-currentFinancialInstruments2025-01-3110711744ns5:Non-currentFinancialInstruments2024-01-3110711744ns5:ShareCapital2025-01-3110711744ns5:ShareCapital2024-01-3110711744ns5:RetainedEarningsAccumulatedLosses2025-01-3110711744ns5:RetainedEarningsAccumulatedLosses2024-01-3110711744ns5:NetGoodwill2024-02-012025-01-3110711744ns5:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3110711744ns5:LeaseholdImprovements2024-02-012025-01-3110711744ns5:PlantMachinery2024-02-012025-01-3110711744ns5:FurnitureFittings2024-02-012025-01-3110711744ns5:ComputerEquipment2024-02-012025-01-3110711744ns5:NetGoodwill2025-01-3110711744ns5:LeaseholdImprovements2024-01-3110711744ns5:PlantMachinery2024-01-3110711744ns5:FurnitureFittings2024-01-3110711744ns5:ComputerEquipment2024-01-3110711744ns5:LeaseholdImprovements2025-01-3110711744ns5:PlantMachinery2025-01-3110711744ns5:FurnitureFittings2025-01-3110711744ns5:ComputerEquipment2025-01-3110711744ns5:LeaseholdImprovements2024-01-3110711744ns5:PlantMachinery2024-01-3110711744ns5:FurnitureFittings2024-01-3110711744ns5:ComputerEquipment2024-01-3110711744ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3110711744ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31
REGISTERED NUMBER: 10711744 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WIHE LTD

WIHE LTD (REGISTERED NUMBER: 10711744)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIHE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr L M Wilson
Mrs T C Wilson





REGISTERED OFFICE: Unit 4 Challenge Park
Challenge Close
Coventry
CV1 5JG





REGISTERED NUMBER: 10711744 (England and Wales)





ACCOUNTANTS: Armstrongs Bishop Simmons
Chartered Accountants and Tax Advisors
Gethin House
36 Bond Street
Nuneaton
Warwickshire
CV11 4DA

WIHE LTD (REGISTERED NUMBER: 10711744)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 26,626 -
Tangible assets 5 47,340 64,563
73,966 64,563

CURRENT ASSETS
Stocks 687,700 269,667
Debtors 6 48,534 33,077
Cash at bank 38,420 44,712
774,654 347,456
CREDITORS
Amounts falling due within one year 7 613,116 320,880
NET CURRENT ASSETS 161,538 26,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,504

91,139

CREDITORS
Amounts falling due after more than one
year

8

(225,523

)

(149,112

)

PROVISIONS FOR LIABILITIES (6,515 ) (5,500 )
NET ASSETS/(LIABILITIES) 3,466 (63,473 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,366 (63,573 )
SHAREHOLDERS' FUNDS 3,466 (63,473 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

WIHE LTD (REGISTERED NUMBER: 10711744)

BALANCE SHEET - continued
31 JANUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





Mr L M Wilson - Director


WIHE LTD (REGISTERED NUMBER: 10711744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

WIHE 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 3 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the average cost formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


WIHE LTD (REGISTERED NUMBER: 10711744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 29,584
At 31 January 2025 29,584
AMORTISATION
Amortisation for year 2,958
At 31 January 2025 2,958
NET BOOK VALUE
At 31 January 2025 26,626

WIHE LTD (REGISTERED NUMBER: 10711744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 63,841 2,480 45,847 6,905 119,073
Additions - 1,200 10,199 1,949 13,348
At 31 January 2025 63,841 3,680 56,046 8,854 132,421
DEPRECIATION
At 1 February 2024 21,280 620 26,539 6,071 54,510
Charge for year 21,281 920 6,886 1,484 30,571
At 31 January 2025 42,561 1,540 33,425 7,555 85,081
NET BOOK VALUE
At 31 January 2025 21,280 2,140 22,621 1,299 47,340
At 31 January 2024 42,561 1,860 19,308 834 64,563

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,216 5,621
Amounts owed by group undertakings - 5,082
Other debtors 46,318 22,374
48,534 33,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 48,996 21,210
Trade creditors 238,348 193,813
Amounts owed to group undertakings 26,963 -
Taxation and social security 97,071 50,297
Other creditors 201,738 55,560
613,116 320,880

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 180,485 112,862
Other creditors 45,038 36,250
225,523 149,112

WIHE LTD (REGISTERED NUMBER: 10711744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,827 5,866

9. CONTINGENT LIABILITIES

The company has operating lease payments due within 1 year £23,999 and due after 1 year £27,149

10. ULTIMATE CONTROLLING PARTY

The controlling party is L Wilson Holdings Ltd.

11. RELATED PARTY

At the balance sheet date, an amount of £19,963 (2024: £5,082 owing from) was owed to L Wilson Holdings Ltd, a company of which Mr L Wilson is director and shareholder.