REGISTERED NUMBER: 15159794 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

23 SEPTEMBER 2023 TO 27 FEBRUARY 2025

FOR

WM SERVICE ENGINEERS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

B T E Smart

N Walton

REGISTERED OFFICE:

Unit 70 Whitbrook Way

Stakehill Industrial Estate

Middleton

Greater Manchester

M24 2SS

REGISTERED NUMBER:

15159794 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

260,216

Tangible assets

5

27,471

287,687

CURRENT ASSETS

Stocks

116,468

Debtors

6

688,422

Cash at bank

78,473

883,363

CREDITORS

Amounts falling due within one year

7

946,978

NET CURRENT LIABILITIES

(63,615

)

TOTAL ASSETS LESS CURRENT LIABILITIES

224,072

CAPITAL AND RESERVES

Called up share capital

8

102

Retained earnings

9

223,970

SHAREHOLDERS' FUNDS

224,072

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 15 September 2025 and were signed on its behalf by:

B T E Smart - Director

1.	STATUTORY INFORMATION

WM Service Engineers Ltd 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 12 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

286,476

At 27 February 2025

286,476

AMORTISATION

Amortisation for period

26,260

At 27 February 2025

26,260

NET BOOK VALUE

At 27 February 2025

260,216

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

Additions

12,559

5,682

15,500

33,741

At 27 February 2025

12,559

5,682

15,500

33,741

DEPRECIATION

Charge for period

2,090

950

3,230

6,270

At 27 February 2025

2,090

950

3,230

6,270

NET BOOK VALUE

At 27 February 2025

10,469

4,732

12,270

27,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

511,983

Amounts owed by group undertakings

169,598

Other debtors

102

Deferred tax asset

Other timing differences

5,595

Prepayments and accrued income

1,144

688,422

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

249,299

Amounts owed to group undertakings

320,107

Tax

140,212

Social security and other taxes

23,953

VAT

74,204

Other creditors

130,190

Accrued expenses

9,013

946,978

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

1

A Ordinary

£1

1

1

B Ordinary

£1

1

102

The following shares were allotted and fully paid for cash at par during the period:

100 Ordinary shares of £1 each

1 A Ordinary shares of £1 each

1 B Ordinary shares of £1 each

9.

RESERVES

Retained

earnings

£

Profit for the period

398,970

Dividends

(175,000

)

At 27 February 2025

223,970

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jane Dennis BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

11.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the ultimate controlling party is Mr Ben Smart by means of his shareholding in WME 2022 Limited.