UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Company Registration Number:
02394827 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The company is a private company limited by shares and is a wholly owned subsidiary company of The University of Wolverhampton. It was incorporated on 14 June 1989. The company engaged in the provision of continuing personal and professional development activities in association with The University of Wolverhampton. The trading results of the company are shown on page 5 of the financial statements are within the projections and expectations of the board of directors at the commencement of the year.

Political and charitable donations

The Company made no political contributions during the period (2023: £Nil). All profits of the Company each year are transferred to the University of Wolverhampton (an Exempt Charity) under a deed of covenant and are only made where there are sufficient distributable reserves



Directors

The director shown below has held office during the whole of the period from
1 August 2023 to 31 July 2024

Philip John Gravestock


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Philip John Gravestock
Status: Director

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 1,055,179 2,762,345
Cost of sales: ( 1,056,853 ) ( 2,485,159 )
Gross profit(or loss): (1,674) 277,186
Administrative expenses: ( 5,244 ) ( 4,450 )
Operating profit(or loss): (6,918) 272,736
Interest receivable and similar income: 36,714 42,312
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 29,796 315,048
Tax: 1,729 0
Profit(or loss) for the financial year: 31,525 315,048

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 285,110 309,034
Cash at bank and in hand: 409,860 659,706
Total current assets: 694,970 968,740
Creditors: amounts falling due within one year: 4 ( 573,825 ) ( 842,406 )
Net current assets (liabilities): 121,145 126,334
Total assets less current liabilities: 121,145 126,334
Total net assets (liabilities): 121,145 126,334
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 121,045 126,234
Total Shareholders' funds: 121,145 126,334

The notes form part of these financial statements

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 July 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.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: Philip John Gravestock
Status: Director

The notes form part of these financial statements

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Measurement convention Going concern Foreign currency Classification of financial instruments issued by the Company Basic financial instruments Provision Expenses Taxation Accounting estimates and judgements

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Debtors

2024 2023
£ £
Trade debtors 109,074 22,776
Prepayments and accrued income 60,859 286,258
Other debtors 115,177 0
Total 285,110 309,034

UNIVERSITY OF WOLVERHAMPTON SOCIAL ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 35,546 23,691
Accruals and deferred income 537,180 595,632
Other creditors 1,099 223,083
Total 573,825 842,406