REGISTERED NUMBER: 13086123 (England and Wales)

Financial Statements

for the Period 1 January 2025 to 31 January 2025

for

W & M (NE) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Wang

REGISTERED OFFICE:

25 Bath Lane

Newcastle Upon Tyne

Tyne and Wear

NE4 5SP

REGISTERED NUMBER:

13086123 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

52-56 Coatsworth Road

Gateshead

NE8 1QN

Fixed assets

Tangible assets

3

-

4,778

Current assets

Stocks

-

11,750

Debtors

4

10

2,211

Cash at bank and in hand

-

3,821

10

17,782

Creditors

Amounts falling due within one year

5

-

(13,970

)

Net current assets

10

3,812

Total assets less current liabilities

10

8,590

Reserves

Share premium

6

10

10

Retained earnings

6

-

8,580

10

8,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 October 2025 and were signed by:

M Wang - Director

1.	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.

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

-

15% 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 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 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 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.

GOING CONCERN

The financial statements are not prepared on going concern basis, as we are have decided to cease the business in January 2025.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

8,166

Disposals

(8,166

)

At 31 January 2025

-

DEPRECIATION

At 1 January 2025

3,388

Eliminated on disposal

(3,388

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 December 2024

4,778

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

10

-

VAT

-

2,211

10

2,211

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,283

PAYE

-

1,374

Pension payable

-

163

Directors' current accounts

-

9,150

-

13,970

6.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2025

8,580

10

8,590

Deficit for the period

(2,068

)

(2,068

)

Dividends

(6,512

)

(6,512

)

At 31 January 2025

-

10

10

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totaling £6,512 were paid to the director throughout the period ended 31st January 2025 (nil - 2024). The director owed the Company £10 as at 31st January 2025.(The Company owed the director £9,150 as at 31st December 2024).