Waymark Ltd - Filleted accounts

Registered number

07688305

Waymark Ltd

Filleted Accounts

31 December 2024

Waymark Ltd
Registered number:		07688305
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		19,928			11,905

Current assets
Stocks		110,000			105,000
Debtors	4	222,007			224,812
Cash at bank and in hand		397,170			145,830
		729,177			475,642

Creditors: amounts falling due within one year	5	(270,370)			(160,804)

Net current assets			458,807			314,838

Total assets less current liabilities			478,735			326,743

Creditors: amounts falling due after more than one year	6		(205,750)			(37,348)

Provisions for liabilities			(3,786)			(2,262)


Net assets			269,199			287,133

Capital and reserves
Called up share capital			10			10
Profit and loss account			269,189			287,123

Shareholders' funds			269,199			287,133

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr David Brophy
Director
Approved by the board on 30 September 2025

Waymark Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	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 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 4-5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		15		12


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				82,796
	Additions				11,917
	At 31 December 2024				94,713

	Depreciation
	At 1 January 2024				70,891
	Charge for the year				3,894
	At 31 December 2024				74,785

	Net book value
	At 31 December 2024				19,928
	At 31 December 2023				11,905


4	Debtors		2024		2023
£				£

	Trade debtors		179,854		224,812
	Other debtors		42,153		-
			222,007		224,812


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		26,364		26,364
	Trade creditors		81,273		15,958
	Taxation and social security costs		108,827		104,448
	Other creditors		53,906		14,034
			270,370		160,804


6	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		10,985		37,348
	Other creditors		194,765		-
			205,750		37,348


7	Other information

	Waymark Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 Bankside
	The Watermark
	Gateshead
	NE11 9SY