| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| For The Year Ended 31 August 2024 |
| for |
| WM PROJECT LIMITED |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| WM PROJECT LIMITED (REGISTERED NUMBER: 05961358) |
| Balance Sheet - continued |
| 31 August 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and equipment | - |
| Motor vehicles | - |
| Office equipment | - |
| 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 |
| 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 |
| Additions |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 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 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Directors' Current Account | 17,584 | 24,435 |
| Tax |
| 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 |
| Hire purchase contracts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 10,458 | 21,753 |
| Credit cards |
| Other creditors | - | 1,075 |
| Deferred income |
| Accruals |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
| value: | £ | £ |
| Ordinary Shares | £1 | 100 | 100 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2023 |
| Deficit for the year | ( |
) |
| At 31 August 2024 | ( |
) |
| 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 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The above advance has been subsequently repaid. |