Registered number
00889624
WOLVERHAMPTON HANDLING LIMITED
Accounts
For the year ended 31 January 2025
WOLVERHAMPTON HANDLING LIMITED
Registered number: 00889624
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 66,025 48,680
Current assets
Stocks 109,266 89,637
Debtors 4 257,457 396,997
Cash at bank and in hand 115,122 147,060
481,845 633,694
Creditors: amounts falling due within one year 5 (276,463) (302,058)
Net current assets 205,382 331,636
Total assets less current liabilities 271,407 380,316
Creditors: amounts falling due after more than one year 6 (65,117) (50,255)
Provisions for liabilities (11,364) (9,249)
Net assets 194,926 320,812
Capital and reserves
Called up share capital 9,000 9,000
Profit and loss account 185,926 311,812
Shareholders' funds 194,926 320,812
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B J Stokes
Director
Approved by the board on 29 May 2025
WOLVERHAMPTON HANDLING LIMITED
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives.
Office equipment 20% reducing balance basis
Plant, machinery, fixtures and fittings 15% reducing balance basis
Motor vehicles 25% reducing balance basis
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.
2 Employees and Directors 2025 2024
Number Number
Average number of persons employed by the company 16 16
3 Tangible fixed assets
Office equipment Plant, machinery, fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 30,329 162,936 70,670 263,935
Additions - 10,750 61,950 72,700
Disposals - - (64,445) (64,445)
At 31 January 2025 30,329 173,686 68,175 272,190
Depreciation
At 1 February 2024 29,732 152,211 33,312 215,255
Charge for the year 119 3,221 15,765 19,105
On disposals - - (28,195) (28,195)
At 31 January 2025 29,851 155,432 20,882 206,165
Net book value
At 31 January 2025 478 18,254 47,293 66,025
At 31 January 2024 597 10,725 37,358 48,680
4 Debtors 2025 2024
£ £
Trade debtors 210,276 331,132
Other debtors 47,181 65,865
257,457 396,997
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loan 5,556 5,556
Obligations under finance lease and hire purchase contracts 14,215 14,237
Trade creditors 204,700 234,170
Taxation and social security costs 12,841 25,731
Other creditors 39,151 22,364
276,463 302,058
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loan 24,074 29,629
Obligations under finance lease and hire purchase contracts 41,043 20,626
65,117 50,255
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,852 7,407
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 179,850 228,900
9 Other information
WOLVERHAMPTON HANDLING LIMITED is a private company limited by shares and incorporated in England and Wales. Its registered office is:
10 Planetary Road
Willenhall
Wolverhampton
West Midlands
WV13 3XQ
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