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COMPANY REGISTRATION NUMBER: 12215256

WTO LTD

Filleted Financial Statements

31 December 2024

WTO LTD

Financial Statements

Year ended 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 2

WTO LTD

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £

Current assets

Debtors | 5 | 495,352 | 525,986
Cash at bank and in hand | 78,949 | 125,903
| --------- | ---------
| 574,301 | 651,889

Creditors: amounts falling due within one year | 6 | 270,453 | 418,163
| --------- | ---------
Net current assets | 303,848 | 233,726
| --------- | ---------
Total assets less current liabilities | 303,848 | 233,726
| --------- | ---------
Net assets | 303,848 | 233,726
| --------- | ---------

Capital and reserves

Called up share capital | 50,000 | 50,000
Profit and loss account | 253,848 | 183,726
| --------- | ---------
Shareholders funds | 303,848 | 233,726
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:

F J S Helfrich | J A M Helfrich
Director | Director

Company registration number: 12215256

WTO LTD

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5, Podville Great Park Road, Bradley Stoke, Bristol, BS32 4RU, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the going concern basis of the company in the preparation of the financial statements. In considering this, they have taken into account their cashflow, and in particular their reliance on their parent company - Les Grands Chais De France SAS - to pay the costs on their behalf before they are able to recharge these back. The company has obtained confirmation from their parent company that they will continue to support them for at least 12 months from the preparation of these accounts, and are therefore confident in the use of the going concern basis of accounting.
Judgements 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. A significant estimate in these financial statements is the staff bonus provision. The directors consider the prior year payment and group performance to generate a best estimate. At the time of finalising the accounts the staff review process is not complete so there potential for change, but the directors believe the amounts to be sufficiently accurate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch 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.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2023: 15 ).
5. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 478,020 | 520,312
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 5,638 | –
Other debtors | 11,694 | 5,674
| --------- | ---------
| 495,352 | 525,986
| --------- | ---------

6. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 15,407 | 5,005
Amounts owed to group undertakings and undertakings in which the company has a participating interest | – | 165,935
Corporation tax | 12,889 | 19,770
Social security and other taxes | 92,016 | 90,229
Other creditors | 150,141 | 137,224
| --------- | ---------
| 270,453 | 418,163
| --------- | ---------

7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 | 2023
| £ | £
Not later than 1 year | – | 8,500
| ---- | -------

8. Summary audit opinion
The auditor's report dated 14 May 2025 was unqualified .
The senior statutory auditor was Andrew Collyer , for and on behalf of Burgess Hodgson LLP .
9. Related party transactions
During the year the company made sales of £1,979,281 to group companies (2023: £1,880,542). At the year end the company had amounts of £478,020 within trade debtors, owed from group companies (2023: £520,312). At the balance sheet date the company was owed £5,638 from a group company (2023: owed £165,935).
10. Controlling party
The parent company is Les Grands Chais De France SAS , a company incorporated in France, who own 100% of the share capital. The address of Les Grands Chais De France SAS is 1 Rue de la Division, Leclerc, Petersbach, France, 67290 .