Caseware UK (AP4) 2024.0.164 2024.0.164 falsefalse2023-07-01Tile Retail2121falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07605326 2023-07-01 2024-06-30 07605326 2024-06-30 07605326 2022-07-01 2023-06-30 07605326 2023-06-30 07605326 c:Director1 2023-07-01 2024-06-30 07605326 d:PlantMachinery 2023-07-01 2024-06-30 07605326 d:PlantMachinery 2024-06-30 07605326 d:PlantMachinery 2023-06-30 07605326 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07605326 d:MotorVehicles 2023-07-01 2024-06-30 07605326 d:MotorVehicles 2024-06-30 07605326 d:MotorVehicles 2023-06-30 07605326 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07605326 d:FurnitureFittings 2023-07-01 2024-06-30 07605326 d:FurnitureFittings 2024-06-30 07605326 d:FurnitureFittings 2023-06-30 07605326 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07605326 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07605326 d:CurrentFinancialInstruments 2024-06-30 07605326 d:CurrentFinancialInstruments 2023-06-30 07605326 d:Non-currentFinancialInstruments 2024-06-30 07605326 d:Non-currentFinancialInstruments 2023-06-30 07605326 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07605326 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07605326 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07605326 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07605326 d:ShareCapital 2024-06-30 07605326 d:ShareCapital 2023-06-30 07605326 d:RetainedEarningsAccumulatedLosses 2024-06-30 07605326 d:RetainedEarningsAccumulatedLosses 2023-06-30 07605326 c:FRS102 2023-07-01 2024-06-30 07605326 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07605326 c:FullAccounts 2023-07-01 2024-06-30 07605326 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07605326 d:WithinOneYear 2024-06-30 07605326 d:WithinOneYear 2023-06-30 07605326 d:BetweenOneFiveYears 2024-06-30 07605326 d:BetweenOneFiveYears 2023-06-30 07605326 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 07605326













WTC (North East) Limited

Financial statements
Information for filing with the registrar

30 June 2024




 
WTC (North East) Limited


Balance sheet
At 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
81,413
109,408

  
81,413
109,408

Current assets
  

Stocks
  
480,198
570,133

Debtors
 5 
292,498
329,507

Bank and cash balances
  
269,137
244,510

  
1,041,833
1,144,150

Creditors: amounts falling due within one year
 6 
(646,748)
(662,526)

Net current assets
  
 
 
395,085
 
 
481,624

Total assets less current liabilities
  
476,498
591,032

Creditors: amounts falling due after more than one year
 7 
(40,200)
(33,854)

Provisions for liabilities
  

Deferred tax
  
(16,209)
(24,195)

  
 
 
(16,209)
 
 
(24,195)

Net assets
  
420,089
532,983


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
419,989
532,883

Shareholders' funds
  
420,089
532,983


1

 
WTC (North East) Limited

    
Balance sheet (continued)
At 30 June 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




L J Brown
Director

Company registered number: 07605326
The notes on pages 3 to 7 form part of these financial statements. 
2

 
WTC (North East) Limited
 
 

Notes to the financial statements
Year ended 30 June 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is Mayfair House, Redburn Road, Newcastle upon Tyne, NE5 1NB, England.

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

 
2.2

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and VAT.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer - usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

 
2.3

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

 
2.4

Government grants

Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
WTC (North East) Limited
 

 
Notes to the financial statements
Year ended 30 June 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

4

 
WTC (North East) Limited
 

 
Notes to the financial statements
Year ended 30 June 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are measured at the lower of cost and net realisable value, following provision for obsolete and slow moving stock. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.10

Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 21).

5

 
WTC (North East) Limited
 
 

Notes to the financial statements
Year ended 30 June 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
25,697
169,530
63,933
259,160


Additions
13,483
8,941
1,829
24,253



At 30 June 2024

39,180
178,471
65,762
283,413



Depreciation


At 1 July 2023
17,672
90,295
41,785
149,752


Charge for the year 
10,025
27,062
15,161
52,248



At 30 June 2024

27,697
117,357
56,946
202,000



Net book value



At 30 June 2024
11,483
61,114
8,816
81,413



At 30 June 2023
8,025
79,235
22,148
109,408


5.


Debtors

2024
2023
£
£


Trade debtors
194,506
229,532

Other debtors
35,258
60,744

Prepayments and accrued income
62,734
39,231

292,498
329,507


6

 
WTC (North East) Limited
 
 

Notes to the financial statements
Year ended 30 June 2024

6.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
479,129
464,013

Corporation tax
23,573
43,068

Other taxation and social security
125,777
139,515

Obligations under finance lease and hire purchase contracts
6,623
5,501

Other creditors
3,180
2,155

Accruals and deferred income
8,466
8,274

646,748
662,526



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
40,200
33,854

40,200
33,854



8.


Commitments under operating leases

At 30 June 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
120,185
141,090

Later than 1 year and not later than 5 years
416,486
19,395

536,671
160,485

 
7