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Registered number: 07847082

WPS Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

WPS Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
J M Wilkinson
REGISTERED OFFICE
Station Yard
Kirkby Stephen
Cumbria
CA17 4LA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07847082
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

WPS Supplies Limited

ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

WPS Supplies Limited

BALANCE SHEET AT 30/11/2024
20242023
Notes££
FIXED ASSETS
Tangible assets357,82268,026
CURRENT ASSETS
Stock61,30063,900
Debtors533,93840,363
Cash at bank and in hand7,01411,718
102,252115,981
CREDITORS: Amounts falling due within one year6122,168135,223
NET CURRENT LIABILITIES(19,916)(19,242)
TOTAL ASSETS LESS CURRENT LIABILITIES37,90648,784
CREDITORS: Amounts falling due after more than one year718,11833,519
NET ASSETS19,78815,265
CAPITAL AND RESERVES
Called up share capital9500500
Profit and loss account19,28814,765
SHAREHOLDERS' FUNDS19,78815,265
For the year ending 30/11/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/04/2025 and signed on their behalf by
.............................
J M Wilkinson
Director

WPS Supplies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees23

WPS Supplies Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/12/2023187,628187,628
At 30/11/2024187,628187,628
Depreciation
At 01/12/2023119,602119,602
For the year10,20410,204
At 30/11/2024129,806129,806
Net Book Amounts
At 30/11/202457,82257,822
At 30/11/202368,02668,026
4. STOCK 20242023
££
Stock comprises:
Stock61,30063,900
61,30063,900
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors16,85722,383
VAT15,85616,179
Prepayments1,2251,801
33,93840,363

WPS Supplies Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax3,4544,769
Other taxation and social security232123
Directors current account28,67828,678
Bank loans and overdrafts19,06015,752
Bank loan10,23110,015
Hire purchase5,0667,201
Trade creditors40,59047,298
Other creditors12,15018,539
Accruals2,7072,848
122,168135,223
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr10,78521,120
Hire purchase >1yr7,33312,399
18,11833,519
8. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured19,06015,752
Amount of other creditors which are secured12,39919,600
Bank loans are secured by way of a personal guarantee. Hire purchase creditors are secured on the assets to which the liability relates.

WPS Supplies Limited

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
500 Ordinary shares of £1 each500500
500500
10. RELATED PARTY TRANSACTIONS
At the balance sheet date a loan of £28,678 (2023 - £28,678) was owed to the director. The loan is unsecured, interest free and repayable on demand.
No salary was paid to the director during the year (2023 - £Nil).
11. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 07847082.
The company's registered office is Station Yard, Station Yard, Kirkby Stephen, Cumbria, CA17 4LA.
12. GUARANTEES AND COMMITMENTS
At the balance sheet date the company had outstanding commitments under operating leases of £4,722.