REGISTERED NUMBER: SC272686 (Scotland)

WSS GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

7

DIRECTORS:

F Walker

C L Walker

S M Walker

E Walker

SECRETARY:

E Walker

REGISTERED OFFICE:

Unit 14 Anniesland Industrial Estate

Netherton Road

Glasgow

G13 1EU

REGISTERED NUMBER:

SC272686 (Scotland)

ACCOUNTANTS:

BK Plus Ltd

1875 Great Western Road

Glasgow

G13 2YD

FIXED ASSETS

Intangible assets

4

-

10,500

Tangible assets

5

82,681

81,792

82,681

92,292

CURRENT ASSETS

Stocks

19,500

5,500

Debtors

6

227,012

234,178

Cash at bank and in hand

317,810

198,215

564,322

437,893

CREDITORS

Amounts falling due within one year

7

369,779

325,041

NET CURRENT ASSETS

194,543

112,852

TOTAL ASSETS LESS CURRENT LIABILITIES

277,224

205,144

PROVISIONS FOR LIABILITIES

10

20,670

19,237

NET ASSETS

256,554

185,907

CAPITAL AND RESERVES

Called up share capital

11

306

306

Retained earnings

12

256,248

185,601

256,554

185,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 17 September 2025 and were signed on its behalf by:

E Walker - Director

1.	STATUTORY INFORMATION

WSS Group Ltd is a private company, limited by shares , registered in Scotland. 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, 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 2004, is being amortised evenly over its estimated useful life of twenty 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.

Plant and machinery

-

33% on cost and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks 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.

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 year was 22 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

210,000

AMORTISATION

At 1 January 2024

199,500

Charge for year

10,500

At 31 December 2024

210,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

10,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

24,199

1,920

169,854

11,244

207,217

Additions

-

282

17,760

5,827

23,869

Disposals

-

-

(11,110

)

-

(11,110

)

At 31 December 2024

24,199

2,202

176,504

17,071

219,976

DEPRECIATION

At 1 January 2024

24,106

1,604

96,731

2,984

125,425

Charge for year

23

115

19,761

2,970

22,869

Eliminated on disposal

-

-

(10,999

)

-

(10,999

)

At 31 December 2024

24,129

1,719

105,493

5,954

137,295

NET BOOK VALUE

At 31 December 2024

70

483

71,011

11,117

82,681

At 31 December 2023

93

316

73,123

8,260

81,792

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

210,695

223,942

Other debtors

10,530

4,032

Prepayments and accrued income

5,787

6,204

227,012

234,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

52,345

54,337

Corporation tax

100,968

67,762

Social security and other taxes

10,399

9,566

VAT

79,747

74,249

Other creditors

20,681

13,368

Directors' current accounts

178

223

Accrued charges

105,461

105,536

369,779

325,041

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

57,397

31,830

Between one and five years

78,681

8,684

In more than five years

-

13,079

136,078

53,593

9.	SECURED DEBTS

Santander have a floating charge for all sums due or becoming due over all undertakings, property, and assets held by the business.

Royal Bank of Scotland have a bond and floating charge for all sums due or becoming due over all undertakings, property, and assets held by the business.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

20,670

19,237

Deferred

tax

£

Balance at 1 January 2024

19,237

Charge to Income Statement during year

1,433

Balance at 31 December 2024

20,670

The provision for deferred tax consists of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation on fixed assets.

11.	CALLED UP SHARE CAPITAL

2024

2023

2024

2023

Ordinary share capital

Number

Number

£

£

Issued and fully paid

Ordinary A of £1 each

100

100

100

100

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

1

1

1

1

Ordinary D of £1 each

1

1

1

1

Ordinary E of £1 each

1

1

1

1

Ordinary F of £1 each

1

1

1

1

Ordinary G of £1 each

1

1

1

1

Ordinary H of £1 each

100

100

100

100

Ordinary I of £1 each

100

100

100

100

306

306

306

306

12.

RESERVES

Retained

earnings

£

At 1 January 2024

185,601

Profit for the year

286,922

Dividends

(216,275

)

At 31 December 2024

256,248

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £135,392 were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WSS Group Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of WSS Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WSS Group Ltd and state those matters that we have agreed to state to the Board of Directors of WSS Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WSS Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WSS Group Ltd. You consider that WSS Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WSS Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BK Plus Ltd

1875 Great Western Road

Glasgow

G13 2YD

17 September 2025