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REGISTERED NUMBER: SC416987 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WLS MANUFACTURING LIMITED

WLS MANUFACTURING LIMITED (REGISTERED NUMBER: SC416987)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 4


WLS MANUFACTURING LIMITED (REGISTERED NUMBER: SC416987)

ABRIDGED BALANCE SHEET
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 531 708
Tangible assets 5 67,884 84,976
68,415 85,684

CURRENT ASSETS
Stocks 68,726 56,150
Debtors 62,538 58,834
Cash at bank 53,202 26,842
184,466 141,826
CREDITORS
Amounts falling due within one year 203,670 171,117
NET CURRENT LIABILITIES (19,204 ) (29,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,211

56,393

CREDITORS
Amounts falling due after more than one
year

41,912

55,640
NET ASSETS 7,299 753

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 7,296 750
SHAREHOLDERS' FUNDS 7,299 753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

WLS MANUFACTURING LIMITED (REGISTERED NUMBER: SC416987)

ABRIDGED BALANCE SHEET - continued
28 February 2025


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

WLS MANUFACTURING LIMITED (REGISTERED NUMBER: SC416987)

ABRIDGED BALANCE SHEET - continued
28 February 2025



The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





R A Love - Director


WLS MANUFACTURING LIMITED (REGISTERED NUMBER: SC416987)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

WLS Manufacturing Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC416987

Registered office: 22 Backbrae street
Kilsyth
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of four 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
Motor vehicles - 25% 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.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

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.

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.

WLS MANUFACTURING LIMITED (REGISTERED NUMBER: SC416987)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

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 16 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 21,200
AMORTISATION
At 1 March 2024 20,492
Amortisation for year 177
At 28 February 2025 20,669
NET BOOK VALUE

At 28 February 2025 531
At 29 February 2024 708

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 125,929
DEPRECIATION
At 1 March 2024 40,953
Charge for year 17,092
At 28 February 2025 58,045
NET BOOK VALUE
At 28 February 2025 67,884
At 29 February 2024 84,976