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Company No: 08797941 (England and Wales)

WML (TAUNTON) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

WML (TAUNTON) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

WML (TAUNTON) LIMITED

BALANCE SHEET

As at 31 December 2024
WML (TAUNTON) LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 402,861 402,861
402,861 402,861
Current assets
Debtors 4 90 90
90 90
Creditors: amounts falling due within one year 5 ( 112,849) ( 112,849)
Net current liabilities (112,759) (112,759)
Total assets less current liabilities 290,102 290,102
Net assets 290,102 290,102
Capital and reserves
Called-up share capital 6 100 100
Capital redemption reserve 200,002 200,002
Profit and loss account 90,000 90,000
Total shareholders' funds 290,102 290,102

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of WML (Taunton) Limited (registered number: 08797941) were approved and authorised for issue by the Director on 05 June 2025. They were signed on its behalf by:

Mr A J Fewings
Director
WML (TAUNTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
WML (TAUNTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

WML (Taunton) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, Somerset, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 402,861
At 31 December 2024 402,861
Carrying value at 31 December 2024 402,861
Carrying value at 31 December 2023 402,861

The company owns 100% of the issued ordinary share capital of Westford Mechanical Limited a company incorporated in England and Wales.

4. Debtors

2024 2023
£ £
Other debtors 90 90

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 112,849 112,849

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary £1 shares of £ 1.00 each 100 100