Winbank Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 05669953

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		486,122		486,122
Tangible Assets	5		60,979		70,092

			547,101		556,214
CURRENT ASSETS
Stocks		149,365		141,338
Debtors		161,946		186,438
Cash at bank and in hand		220,212		133,194

		531,523		460,970
Creditors: Amounts Falling Due Within One Year		(265,818 )		(233,650 )

NET CURRENT ASSETS (LIABILITIES)			265,705		227,320

TOTAL ASSETS LESS CURRENT LIABILITIES			812,806		783,534

Creditors: Amounts Falling Due After More Than One Year			(6,721 )		(16,796 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	7		(15,245 )		(17,523 )

NET ASSETS			790,840		749,215

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			790,740		749,115

SHAREHOLDERS' FUNDS			790,840		749,215

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Winbank Ltd

Abridged Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Karim Rashid

Director

11th June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Winbank Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05669953 . The registered office is 10 Beaumaris Grove, Shenley Church End, Milton Keynes, Bucks, MK5 6EN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of the company in 2006, is being amortised on a straight line basis over its estimated useful life of nil years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	0% on reducing balance
Plant & Machinery	15% on reducing balance
Computer Equipment	15% on reducing balance

2.5. Stocks and Work in Progress

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving

stocks.

2.6. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

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Winbank Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Sales, marketing and distribution	35	35
Management and Supervison	5	6

	40	41

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2024	486,122

As at 31 December 2024	486,122

Net Book Value
As at 31 December 2024	486,122

As at 1 January 2024	486,122

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	605,377
Additions	1,650

As at 31 December 2024	607,027

Depreciation
As at 1 January 2024	535,285
Provided during the period	10,763

As at 31 December 2024	546,048

Net Book Value
As at 31 December 2024	60,979

As at 1 January 2024	70,092

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Winbank Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

6. Secured Creditors

The company's bankers HSBC Bank PLC hold a debenture and legal charge over the undertakings and all property and assets of the company.

Of the creditors falling due within and after more than one year the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	17,370		27,445

7. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	15,245	17,523

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Karim Rashid	61,661	-	175	-	61,486

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

Mrs M Rashid is a shareholder of the company and as such is a related party. Loans have been made to Mrs M Rashid amounting to £61,486 which are included within current assets (2023 - £61,661).

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr Karim Rashid by virtue of his ownership of 50% of the issued share capital in the company.

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