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Registered Number: 04314462
England and Wales
Unaudited Filleted Financial Statements
for the year ended 31 March 2025
for
THE WAGES DEPT LTD

THE WAGES DEPT LTD Contents Page For the year ended 31 March 2025
Balance sheet | 1
Notes to the financial statements | 2

Registered Number: 04314462 THE WAGES DEPT LTD Balance Sheet As at 31 March 2025
| Notes | 2025 £ |  | 2024 £
--- | --- | --- | --- | ---
Current assets |  |  |
Stocks | 3 | 88 |  | 216
Debtors | 4 | 1,017 |  | 958
Cash at bank and in hand |  | 6,200 |  | 3,378
|  | 7,305 |  | 4,552
Creditors: amount falling due within one year | 5 | (3,022) |  | (364)
Net current assets |  | 4,283 |  | 4,188
Total assets less current liabilities |  | 4,283 |  | 4,188
Net assets |  | 4,283 |  | 4,188
Capital and reserves |  |  |
Called up share capital | 6 | 100 |  | 100
Profit and loss account |  | 4,183 |  | 4,088
Shareholders' funds |  | 4,283 |  | 4,188
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's 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. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 profit and loss account has not been delivered to the Registrar of Companies. The financial statements were approved by the director on 10 September 2025 and were signed by:
------------------------------- Mrs P P F Masheder Director
1

THE WAGES DEPT LTD Notes to the Financial Statements For the year ended 31 March 2025
General Information THE WAGES DEPT LTD is a private company, limited by shares, registered in England and Wales, registration number 04314462, registration address 1 St Peter's Road, Braintree, Essex, CM7 9AN. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) Turnover Turnover comprises of the fair value of the consideration receivable for services rendered during the year. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current tax assets and liabilities are not discounted Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Deferred tax assets and liabilities are not discounted. Stocks Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Financial instruments Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2. | Average number of employees Average number of employees during the year was 1 (2024 : 1).
3. | Stocks
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Work in Progress | 88 |  | 216
| 88 |  | 216
4. | Debtors: amounts falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Trade Debtors | 615 |  | 576
Other Debtors | 402 |  | 382
| 1,017 |  | 958
5. | Creditors: amount falling due within one year
| 2025 £ |  | 2024 £
--- | --- | --- | ---
Corporation tax | 22 |  | 108
Other Creditors | 3,000 |  | 256
| 3,022 |  | 364
6. | Share Capital
Allotted, called up and fully paid | 2025 £ |  | 2024 £
--- | --- | --- | ---
100 Ordinary shares of £1.00 each | 100 |  | 100
| 100 |  | 100
2