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REGISTERED NUMBER: 05961358 (England and Wales)















Unaudited Financial Statements

For The Year Ended 31 August 2024

for

WM PROJECT LIMITED

WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WM PROJECT LIMITED

Company Information
For The Year Ended 31 August 2024







DIRECTORS: W K Mizera
Ms E Mostowska





SECRETARY: Ms E Mostowska





REGISTERED OFFICE: 16 Tonsley Street
London
SW18 1BJ





REGISTERED NUMBER: 05961358 (England and Wales)





ACCOUNTANTS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,357 46,347

CURRENT ASSETS
Debtors 5 46,979 52,649
Cash at bank and in hand 47,984 22,759
94,963 75,408
CREDITORS
Amounts falling due within one year 6 111,702 82,255
NET CURRENT LIABILITIES (16,739 ) (6,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,618

39,500

CREDITORS
Amounts falling due after more than one year 7 53,106 39,235
NET (LIABILITIES)/ASSETS (37,488 ) 265

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (37,588 ) 165
SHAREHOLDERS' FUNDS (37,488 ) 265

WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)

Balance Sheet - continued
31 August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 29 May 2025 and were signed on its behalf by:





W K Mizera - Director


WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. STATUTORY INFORMATION

WM Project Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Turnover
Turnover comprises income from work invoiced in the year, exclusive of Value Added Tax.

Work-in-progress
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 15,505 62,495 24,424 102,424
Additions - - 372 372
At 31 August 2024 15,505 62,495 24,796 102,796
DEPRECIATION
At 1 September 2023 15,505 19,683 20,889 56,077
Charge for year - 10,703 3,659 14,362
At 31 August 2024 15,505 30,386 24,548 70,439
NET BOOK VALUE
At 31 August 2024 - 32,109 248 32,357
At 31 August 2023 - 42,812 3,535 46,347

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 62,495
DEPRECIATION
At 1 September 2023 19,683
Charge for year 10,703
At 31 August 2024 30,386
NET BOOK VALUE
At 31 August 2024 32,109
At 31 August 2023 42,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 14,932 28,214
Amounts recoverable on contract 7,145 -
Directors' Current Account 17,584 24,435
Tax 7,318 -
46,979 52,649

WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,573 13,021
Hire purchase contracts 5,634 3,411
Trade creditors 8,172 7,195
Corporation tax 19,045 25,280
Social security and other taxes 23,975 -
VAT 10,458 21,753
Credit cards 421 3,396
Other creditors - 1,075
Deferred income 19,000 -
Accruals 9,424 7,124
111,702 82,255

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 32,123 -
Hire purchase contracts 20,983 39,235
53,106 39,235

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary Shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 165
Deficit for the year (37,753 )
At 31 August 2024 (37,588 )

WM PROJECT LIMITED (REGISTERED NUMBER: 05961358)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

10. DIRECTOR'S ADVANCES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
W K Mizera and Ms E Mostowska
Balance outstanding at start of year 24,435 28,868
Amounts advanced 86,575 24,435
Amounts repaid (93,425 ) (28,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,585 24,435

The above advance has been subsequently repaid.