Company registration number 1621632 (England and Wales)
WADES OF WEDNESBURY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
WADES OF WEDNESBURY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WADES OF WEDNESBURY LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
131,500
228,500
Debtors
4
797,275
516,603
Cash at bank and in hand
27,175
228,639
955,950
973,742
Creditors: amounts falling due within one year
5
(350,114)
(316,492)
Net current assets
605,836
657,250
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
605,834
657,248
Total equity
605,836
657,250

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 October 2025 and are signed on its behalf by:
J W Wade
Director
Company registration number 1621632 (England and Wales)
WADES OF WEDNESBURY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Wades of Wednesbury Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Webb Street, Coseley, Bilston, WV14 8XL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

WADES OF WEDNESBURY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
10
WADES OF WEDNESBURY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
560,225
511,477
Corporation tax recoverable
17,769
-
0
Amounts owed by group undertakings
134,437
-
0
Other debtors
84,844
5,126
797,275
516,603
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
92,698
-
0
Trade creditors
235,923
116,651
Amounts owed to group undertakings
-
0
62,129
Corporation tax
-
0
47,055
Other taxation and social security
4,872
69,423
Other creditors
16,621
21,234
350,114
316,492
2025-04-30 2024-05-01 false false false 16 October 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity J W Wade P.M. Wade C.A. Wade Justin Wade C.A. Wade 1621632 2024-05-01 2025-04-30 1621632 2025-04-30 1621632 2024-04-30 1621632 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 1621632 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 1621632 core:ShareCapital 2025-04-30 1621632 core:ShareCapital 2024-04-30 1621632 core:RetainedEarningsAccumulatedLosses 2025-04-30 1621632 core:RetainedEarningsAccumulatedLosses 2024-04-30 1621632 bus:Director1 2024-05-01 2025-04-30 1621632 2023-05-01 2024-04-30 1621632 core:CurrentFinancialInstruments 2025-04-30 1621632 core:CurrentFinancialInstruments 2024-04-30 1621632 core:WithinOneYear 2025-04-30 1621632 core:WithinOneYear 2024-04-30 1621632 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 1621632 bus:FRS102 2024-05-01 2025-04-30 1621632 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 1621632 bus:Director2 2024-05-01 2025-04-30 1621632 bus:Director3 2024-05-01 2025-04-30 1621632 bus:Director4 2024-05-01 2025-04-30 1621632 bus:CompanySecretary1 2024-05-01 2025-04-30 1621632 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 1621632 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP