Company registration number 10187612 (England and Wales)
39 WM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
39 WM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
39 WM LIMITED
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
99,245
116,362
Current assets
Stocks
38,150
37,550
Debtors
4
202,279
115,376
Cash at bank and in hand
59,696
80,700
300,125
233,626
Creditors: amounts falling due within one year
5
(279,968)
(167,398)
Net current assets
20,157
66,228
Total assets less current liabilities
119,402
182,590
Creditors: amounts falling due after more than one year
6
(654,197)
(645,905)
Net liabilities
(534,795)
(463,315)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(534,895)
(463,415)
Total equity
(534,795)
(463,315)

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 May 2025
Mohammad Uddin
Director
Company registration number 10187612 (England and Wales)
39 WM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

39 WM Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Hockley Industrial Estate, Pitsford Street, West Midlands, UK, B18 6PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold
over 15 years
Plant and equipment
18% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

39 WM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
29
29
3
Tangible fixed assets
Long leasehold
Plant and equipment
Total
£
£
£
Cost
At 1 June 2023
22,106
257,002
279,108
Additions
-
0
4,939
4,939
At 31 May 2024
22,106
261,941
284,047
Depreciation and impairment
At 1 June 2023
11,055
151,691
162,746
Depreciation charged in the year
2,211
19,845
22,056
At 31 May 2024
13,266
171,536
184,802
Carrying amount
At 31 May 2024
8,840
90,405
99,245
At 31 May 2023
11,051
105,311
116,362
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,333
6,055
Other debtors
190,946
109,321
202,279
115,376
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
189,448
96,711
Taxation and social security
59,991
44,093
Other creditors
30,529
26,594
279,968
167,398
39 WM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
654,197
645,905
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
114,188
114,188
Between two and five years
456,752
456,752
In over five years
456,752
570,940
1,027,692
1,141,880
8
Ultimate Controlling Party

The controlling party is Khalid Hussain.

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