REGISTERED NUMBER: 01257803 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

WPSI GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D S Holder

J P Delaney

SECRETARY:

S J Holder

REGISTERED OFFICE:

Studio 2

50-54 St Pauls Square

Birmingham

B3 1QS

REGISTERED NUMBER:

01257803 (England and Wales)

ACCOUNTANTS:

Holder Blackthorn LLP

Studio 2

50-54 St Pauls Square

Birmingham

B3 1QS

FIXED ASSETS

Tangible assets

4

171,231

219,313

Investments

5

2

2

171,233

219,315

CURRENT ASSETS

Stocks

939,207

886,798

Debtors

6

1,330,579

1,305,914

Cash at bank and in hand

562,062

351,192

2,831,848

2,543,904

CREDITORS

Amounts falling due within one year

7

1,119,444

983,106

NET CURRENT ASSETS

1,712,404

1,560,798

TOTAL ASSETS LESS CURRENT LIABILITIES

1,883,637

1,780,113

PROVISIONS FOR LIABILITIES

41,230

54,828

NET ASSETS

1,842,407

1,725,285

CAPITAL AND RESERVES

Called up share capital

9

50,080

50,000

Share premium

24,780

15,000

Retained earnings

1,767,547

1,660,285

SHAREHOLDERS' FUNDS

1,842,407

1,725,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 4 September 2025 and were signed on its behalf by:

D S Holder - Director

1.	STATUTORY INFORMATION

WPSI Group 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 presentation currency of the financial statements is the Pound Sterling (£).

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Supply and fitting services

When the outcome of a transaction can be estimated reliably, turnover from supply and fitting work is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

-

15% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on reducing balance and 25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

1,073,591

Additions

16,291

At 30 April 2025

1,089,882

DEPRECIATION

At 1 May 2024

854,278

Charge for year

64,373

At 30 April 2025

918,651

NET BOOK VALUE

At 30 April 2025

171,231

At 30 April 2024

219,313

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

2

NET BOOK VALUE

At 30 April 2025

2

At 30 April 2024

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,213,849

1,107,978

Other debtors

116,730

197,936

1,330,579

1,305,914

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

938

12,188

Trade creditors

494,754

387,420

Taxation and social security

539,090

488,542

Other creditors

84,662

94,956

1,119,444

983,106

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

£

Net obligations repayable:

Within one year

938

12,188

Non-cancellable

operating leases

2025

2024

£

£

Within one year

67,330

50,591

Between one and five years

106,693

7,284

174,023

57,875

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

44,000

Ordinary A

£1

44,000

44,000

4,000

Ordinary B

£1

4,000

4,000

2,000

Ordinary C

£1

2,000

2,000

8,000

Ordinary D

1p

80

-

50,080

50,000

The following shares were issued during the year:

8,000 Ordinary D shares of 1p for cash of £ 9,860