IRIS Accounts Production v25.1.4.42 09070129 director 1.1.24 31.12.24 31.12.24 31.7.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090701292023-12-31090701292024-12-31090701292024-01-012024-12-31090701292022-12-31090701292023-01-012023-12-31090701292023-12-3109070129ns15:EnglandWales2024-01-012024-12-3109070129ns14:PoundSterling2024-01-012024-12-3109070129ns10:Director12024-01-012024-12-3109070129ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109070129ns10:SmallEntities2024-01-012024-12-3109070129ns10:Audited2024-01-012024-12-3109070129ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109070129ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109070129ns10:FullAccounts2024-01-012024-12-3109070129ns10:OrdinaryShareClass12024-01-012024-12-3109070129ns10:CompanySecretary12024-01-012024-12-3109070129ns10:RegisteredOffice2024-01-012024-12-3109070129ns5:CurrentFinancialInstruments2024-12-3109070129ns5:CurrentFinancialInstruments2023-12-3109070129ns5:ShareCapital2024-12-3109070129ns5:ShareCapital2023-12-3109070129ns5:RetainedEarningsAccumulatedLosses2024-12-3109070129ns5:RetainedEarningsAccumulatedLosses2023-12-3109070129ns5:PlantMachinery2023-12-3109070129ns5:PlantMachinery2024-01-012024-12-3109070129ns5:PlantMachinery2024-12-3109070129ns5:PlantMachinery2023-12-3109070129ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109070129ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109070129ns5:WithinOneYear2024-12-3109070129ns5:WithinOneYear2023-12-3109070129ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 09070129 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WNC UK LIMITED

WNC UK LIMITED (REGISTERED NUMBER: 09070129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WNC UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: O S Tai





SECRETARY: W Hsieh





REGISTERED OFFICE: Regus House WNC UK Limited
268 Bath Road
Slough
SL1 4DX





REGISTERED NUMBER: 09070129 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

WNC UK LIMITED (REGISTERED NUMBER: 09070129)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,566 1,522

CURRENT ASSETS
Debtors 5 228,398 219,437
Cash at bank 715,979 722,618
944,377 942,055
CREDITORS
Amounts falling due within one year 6 122,102 167,732
NET CURRENT ASSETS 822,275 774,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,841

775,845

CAPITAL AND RESERVES
Called up share capital 8 60,000 60,000
Retained earnings 763,841 715,845
SHAREHOLDERS' FUNDS 823,841 775,845

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 director and authorised for issue on 15 July 2025 and were signed by:





O S Tai - Director


WNC UK LIMITED (REGISTERED NUMBER: 09070129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

WNC UK 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.

The company's trading address is: 268 Bath Road, Slough, SL1 4DX.

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.

Going concern
The financial statements have been prepared on the going concern basis in light of the fact the parent company, WNC Corporation (incorporated in Taiwan), has confirmed that it will continue to support the company, as required, for a period of at least 12 months and 1 day from the date of the audit report.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes. Turnover is a cost recharge to WNC Corporation in accordance with their service agreement. All revenue is derived in the UK and billed in GBP to WNC Corporation. Turnover is wholly attributable to the principal activity of the company. Turnover is recognised when costs are incurred.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. Subsequent measurement is at cost, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - straight line over 5 years
Computer equipment - straight line over 3 years

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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.


WNC UK LIMITED (REGISTERED NUMBER: 09070129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 12,030
Additions 729
At 31 December 2024 12,759
DEPRECIATION
At 1 January 2024 10,508
Charge for year 685
At 31 December 2024 11,193
NET BOOK VALUE
At 31 December 2024 1,566
At 31 December 2023 1,522

WNC UK LIMITED (REGISTERED NUMBER: 09070129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 144,704 140,800
Other debtors 83,694 78,637
228,398 219,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 21,008 71,077
Taxation and social security 57,713 45,230
Other creditors & accruals 43,381 51,425
122,102 167,732

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 59,436 57,792

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
60,000 Ordinary £1 60,000 60,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hayden Sym (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

WNC UK LIMITED (REGISTERED NUMBER: 09070129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. ULTIMATE PARENT COMPANY

The results of WNC UK Limited are included in the consolidated financial statements of its ultimate parent company, WNC Corporation, a company incorporated in the Republic of China. Copies of the consolidated financial statements are publicly available. The registered office address is 20 Park Avenue II, Hsinchu Science Park, Hsinchu 308, Taiwan, Republic of China.