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Registration number: 08570595

Weight Reduction and Aerospace Security Products Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 13 December 2024

Weight Reduction and Aerospace Security Products Ltd

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 6

Weight Reduction and Aerospace Security Products Ltd

(Registration number: 08570595)
Abridged Balance Sheet as at 13 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 177,390 | 177,390
Tangible assets | 5 | 19,558 | 19,558
|  | 196,948 | 196,948
Current assets |  |  |
Debtors |  | 3,737,387 | 3,737,387
Cash at bank and in hand |  | 128 | 128
|  | 3,737,515 | 3,737,515
Creditors: Amounts falling due within one year |  | (113,462) | (113,462)
Net current assets |  | 3,624,053 | 3,624,053
Total assets less current liabilities |  | 3,821,001 | 3,821,001
Creditors: Amounts falling due after more than one year |  | (1,171,093) | (1,171,093)
Provisions for liabilities |  | (20,583) | (20,583)
Accruals and deferred income |  | (126,097) | (126,097)
Net assets |  | 2,503,228 | 2,503,228
Capital and reserves |  |  |
Called up share capital | 6 | 318 | 318
Share premium reserve |  | 4,741,797 | 4,741,797
Retained earnings |  | (2,238,887) | (2,238,887)
Shareholders' funds |  | 2,503,228 | 2,503,228

For the financial year ending 13 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:

Weight Reduction and Aerospace Security Products Ltd

(Registration number: 08570595)
Abridged Balance Sheet as at 13 December 2024

......................................... Mr S A K Anderson Director |  |

Weight Reduction and Aerospace Security Products Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 13 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

These financial statements were authorised for issue by the Board on 5 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Weight Reduction and Aerospace Security Products Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 13 December 2024

Asset class | Depreciation method and rate
Plant and machinery | 20% on reducing balance
Fixtures and fittings | 15% on cost and 15% on reducing balance
Computer equipment | 33% on cost

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Development costs

Development costs, being the amount paid in connection with products of the business in 2013 is being amortised evenly over its estimated useful life of ten years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Weight Reduction and Aerospace Security Products Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 13 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Weight Reduction and Aerospace Security Products Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 13 December 2024

4 | Intangible assets

| Total £
Cost or valuation
At 14 December 2023 | 931,593
At 13 December 2024 | 931,593
Amortisation
At 14 December 2023 | 662,120
Amortisation charge | 92,083
At 13 December 2024 | 754,203
Carrying amount
At 13 December 2024 | 177,390
At 13 December 2023 | 177,390

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 14 December 2023 | 6,290 | 148,662 | 9,681 | 164,633
At 13 December 2024 | 6,290 | 148,662 | 9,681 | 164,633
Depreciation
At 14 December 2023 | 4,642 | 124,394 | 9,681 | 138,717
Charge for the year | 291 | 6,067 | - | 6,358
At 13 December 2024 | 4,933 | 130,461 | 9,681 | 145,075
Carrying amount
At 13 December 2024 | 1,357 | 18,201 | - | 19,558
At 13 December 2023 | 1,357 | 18,201 | - | 19,558

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £0.01 each | 31,783 | 318 | 31,783 | 318