REGISTERED NUMBER: 08087177 (England and Wales)

WRP TIMBER MOULDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Pinchin

REGISTERED OFFICE:

Bury Water Barn

Bury Water Lane

Salfron Walden

Essex

CB11 3TZ

REGISTERED NUMBER:

08087177 (England and Wales)

ACCOUNTANTS:

Andreas Kounnis Limited

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,172,007

1,130,388

1,172,007

1,130,388

CURRENT ASSETS

Inventories

491,714

483,171

Debtors

6

12,884

40,750

Cash at bank and in hand

659,218

206,894

1,163,816

730,815

CREDITORS

Amounts falling due within one year

7

(405,510

)

(231,677

)

NET CURRENT ASSETS

758,306

499,138

TOTAL ASSETS LESS CURRENT LIABILITIES

1,930,313

1,629,526

CREDITORS

Amounts falling due after more than one year

8

(213,520

)

(307,122

)

PROVISIONS FOR LIABILITIES

(216,511

)

(207,384

)

NET ASSETS

1,500,282

1,115,020

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

1,490,282

1,105,020

SHAREHOLDERS' FUNDS

1,500,282

1,115,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 September 2025 and were signed by:

Mr G Pinchin - Director

1.	STATUTORY INFORMATION

WRP Timber Mouldings 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.

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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the invoice is raised.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost, 15% on cost and 10% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

200,000

AMORTISATION

At 1 June 2024

and 31 May 2025

200,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

488,934

1,382,697

55,925

49,341

1,976,897

Additions

52,064

181,222

1,138

4,528

238,952

At 31 May 2025

540,998

1,563,919

57,063

53,869

2,215,849

DEPRECIATION

At 1 June 2024

188,083

587,522

29,872

41,032

846,509

Charge for year

46,950

137,010

8,262

5,111

197,333

At 31 May 2025

235,033

724,532

38,134

46,143

1,043,842

NET BOOK VALUE

At 31 May 2025

305,965

839,387

18,929

7,726

1,172,007

At 31 May 2024

300,851

795,175

26,053

8,309

1,130,388

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

12,884

40,750

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

28,844

52,805

Trade creditors

34,253

46,990

Taxation and social security

306,845

113,215

Other creditors

35,568

18,667

405,510

231,677

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

213,520

307,122

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

104,532

216,173

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank overdraft

1,597

-

Bank loans

240,767

359,927

242,364

359,927

The company has provided National Westminster Bank Plc, the company bankers, with a fixed and floating charge over all the assets of the company.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

Mr G Pinchin

Balance outstanding at start of year

(2,974

)

(674

)

Amounts advanced

520,594

341,700

Amounts repaid

(522,126

)

(344,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,506

)

(2,974

)

11.	CONTROLLING PARTY

The controlling party is Mr G Pinchin.