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REGISTERED NUMBER: 08928602 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WARLEY POLISHING COMPANY LIMITED

WARLEY POLISHING COMPANY LIMITED (REGISTERED NUMBER: 08928602)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARLEY POLISHING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: I J Bannister
P Wheeler





REGISTERED OFFICE: Units 4 & 5
James Scott Road
Cradley
West Midlands
B63 2QT





REGISTERED NUMBER: 08928602 (England and Wales)





ACCOUNTANTS: Windsors Rybridge Ltd
No 9, Castle Court 2
Castlegate Way
Dudley
West Midlands
DY1 4RH

WARLEY POLISHING COMPANY LIMITED (REGISTERED NUMBER: 08928602)

BALANCE SHEET
31 MARCH 2025

31/3/25 31/3/24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,116 22,880
18,116 22,880

CURRENT ASSETS
Stocks 10,000 15,000
Debtors 6 307,221 344,144
Cash at bank 9,672 24,793
326,893 383,937
CREDITORS
Amounts falling due within one year 7 308,813 333,543
NET CURRENT ASSETS 18,080 50,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,196

73,274

CREDITORS
Amounts falling due after more than one year 8 (1,000 ) (43,222 )

PROVISIONS FOR LIABILITIES (4,529 ) (5,720 )
NET ASSETS 30,667 24,332

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 30,661 24,326
30,667 24,332

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.

WARLEY POLISHING COMPANY LIMITED (REGISTERED NUMBER: 08928602)

BALANCE SHEET - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:




I J Bannister - Director



P Wheeler - Director


WARLEY POLISHING COMPANY LIMITED (REGISTERED NUMBER: 08928602)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Warley Polishing Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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 Income Statement, 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.


WARLEY POLISHING COMPANY LIMITED (REGISTERED NUMBER: 08928602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants of a nature are treated as deferred income and included in other creditors. The grant is charged to the profit and loss account over the life of the corresponding assets.

Government grants of a revenue nature are charged to the profit and loss account in the period in which they are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 45,376
AMORTISATION
At 1 April 2024
and 31 March 2025 45,376
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

WARLEY POLISHING COMPANY LIMITED (REGISTERED NUMBER: 08928602)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 135,651 2,716 10,363 148,730
DEPRECIATION
At 1 April 2024 114,865 2,074 8,911 125,850
Charge for year 4,157 128 479 4,764
At 31 March 2025 119,022 2,202 9,390 130,614
NET BOOK VALUE
At 31 March 2025 16,629 514 973 18,116
At 31 March 2024 20,786 642 1,452 22,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 166,660 183,860
Amounts owed by group undertakings 140,000 160,284
Other debtors 561 -
307,221 344,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Bank loans and overdrafts 42,222 55,977
Trade creditors 46,497 59,386
Taxation and social security 81,180 70,162
Other creditors 138,914 148,018
308,813 333,543

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/25 31/3/24
£    £   
Bank loans 1,000 43,222