Registered number
03994812
WPIF ENVIRONMENTAL LIMITED
(LIMITED BY GUARANTEE)
Filleted Accounts
31 December 2024
WPIF ENVIRONMENTAL LIMITED
(LIMITED BY GUARANTEE)
Registered number: 03994812
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 1,408 263
Cash at bank and in hand 14,376 16,502
15,784 16,765
Creditors: amounts falling due within one year 5 (1,044) (1,238)
Net current assets 14,740 15,527
Net assets 14,740 15,527
Capital and reserves
Profit and loss account 14,740 15,527
Shareholders' funds 14,740 15,527
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.
A. F. Kerr
Director
Approved by the board on 22 May 2025
WPIF ENVIRONMENTAL LIMITED
(LIMITED BY GUARANTEE)
Notes to the Accounts
for the year ended 31 December 2024
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 represents the value of services provided to members and does not include value added tax.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Colin Wain
Firm: Begbies
Date of audit report: 22 May 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Debtors 2024 2023
£ £
Other debtors 1,408 263
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 154 378
Accruals 890 860
1,044 1,238
6 Other information
WPIF Environmental Limited is a company limited by guarantee and not having a share capital. Each member of the company is liable for the amount of the guarantee, not exceeding £1 to the company's assets if it should be wound up while he/she is a member or within one year after ceasing to be a member.
The company is incorporated in England and its registered office is:
Autumn Park Business Centre
Dysart Road
Grantham
Linconshire
NG31 7EU
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