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REGISTERED NUMBER: 07536866 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

WORDS 'N' WISHES LIMITED

WORDS 'N' WISHES LIMITED (REGISTERED NUMBER: 07536866)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


WORDS 'N' WISHES LIMITED (REGISTERED NUMBER: 07536866)

Balance Sheet
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 97,565 89,634

CURRENT ASSETS
Stocks 397,098 545,557
Debtors 5 759,379 845,480
Cash at bank and in hand 425,272 382,760
1,581,749 1,773,797
CREDITORS
Amounts falling due within one year 6 436,749 494,988
NET CURRENT ASSETS 1,145,000 1,278,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,242,565

1,368,443

PROVISIONS FOR LIABILITIES 7 24,391 22,409
NET ASSETS 1,218,174 1,346,034

CAPITAL AND RESERVES
Called up share capital 8 1,123 1,123
Share premium 249,386 249,386
Capital redemption reserve 58 58
Retained earnings 967,607 1,095,467
SHAREHOLDERS' FUNDS 1,218,174 1,346,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





Mr C A Salt - Director


WORDS 'N' WISHES LIMITED (REGISTERED NUMBER: 07536866)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Words 'n' Wishes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07536866

Registered office: Unit C2 Enterprise Court
Seaman way
Wigan
Lancashire
WN2 2AG

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance and 15% on reducing balance
Computer equipment - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 22 ) .

WORDS 'N' WISHES LIMITED (REGISTERED NUMBER: 07536866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 2,057 176,319 48,629 227,005
Additions - 18,963 6,607 25,570
At 31 March 2025 2,057 195,282 55,236 252,575
DEPRECIATION
At 1 April 2024 1,328 107,445 28,598 137,371
Charge for year 110 12,973 4,556 17,639
At 31 March 2025 1,438 120,418 33,154 155,010
NET BOOK VALUE
At 31 March 2025 619 74,864 22,082 97,565
At 31 March 2024 729 68,874 20,031 89,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 492,390 626,583
Other debtors 266,989 218,897
759,379 845,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 324,908 293,453
Taxation and social security 81,038 172,197
Other creditors 30,803 29,338
436,749 494,988

7. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax
Accelerated capital allowances 24,391 22,409

Deferred
tax
£   
Balance at 1 April 2024 22,409
Charge to Statement of Income and Retained Earnings during year 1,982
Balance at 31 March 2025 24,391

WORDS 'N' WISHES LIMITED (REGISTERED NUMBER: 07536866)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1,179 Ordinary A 1 1,121 1,121
2 Ordinary B 1 2 2
1,123 1,123

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mr R Brown
Balance outstanding at start of year 29,953 12,029
Amounts advanced 83,774 123,067
Amounts repaid (81,000 ) (105,143 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,727 29,953

Mr C A Salt
Balance outstanding at start of year 65,916 109,135
Amounts advanced 139,830 81,924
Amounts repaid (81,000 ) (125,143 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 124,746 65,916

Interest was charged at market rates on the overdrawn amounts. The loans will be repaid within 9 months of the year end.