REGISTERED NUMBER: 04255446 (England and Wales)

WBS Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Kelly

G J Wynne

Miss J H Billingsley

SECRETARY:

Miss J H Billingsley

REGISTERED OFFICE:

Zone 1

Deeside Industrial Park

Deeside

Flintshire

CH5 2LR

REGISTERED NUMBER:

04255446 (England and Wales)

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

Mechanics House,

12 Chester Road,

Pentre, Deeside

Flintshire

CH5 2AA

FIXED ASSETS

Intangible assets

4

5,272

-

Tangible assets

5

223,987

304,453

Investments

6

101,000

51,000

330,259

355,453

CURRENT ASSETS

Stocks

1,038,413

1,021,043

Debtors

7

1,476,778

1,207,526

Cash at bank and in hand

1,561

5,837

2,516,752

2,234,406

CREDITORS

Amounts falling due within one year

8

1,330,262

1,031,599

NET CURRENT ASSETS

1,186,490

1,202,807

TOTAL ASSETS LESS CURRENT LIABILITIES

1,516,749

1,558,260

CREDITORS

Amounts falling due after more than one year

9

(82,679

)

(145,994

)

PROVISIONS FOR LIABILITIES

(52,232

)

(61,477

)

NET ASSETS

1,381,838

1,350,789

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Non-distributable Reserves

40,500

-

Retained earnings

1,340,338

1,349,789

SHAREHOLDERS' FUNDS

1,381,838

1,350,789

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 31st October 2025 and were signed on its behalf by:

N J Kelly - Director

1.	STATUTORY INFORMATION

WBS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

6,590

At 31st March 2025

6,590

AMORTISATION

Charge for year

1,318

At 31st March 2025

1,318

NET BOOK VALUE

At 31st March 2025

5,272

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

665,842

Additions

1,355

Disposals

(34,483

)

At 31st March 2025

632,714

DEPRECIATION

At 1st April 2024

361,389

Charge for year

74,661

Eliminated on disposal

(27,323

)

At 31st March 2025

408,727

NET BOOK VALUE

At 31st March 2025

223,987

At 31st March 2024

304,453

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

369,957

DEPRECIATION

At 1st April 2024

165,204

Charge for year

50,813

At 31st March 2025

216,017

NET BOOK VALUE

At 31st March 2025

153,940

At 31st March 2024

204,753

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

1,000

50,000

51,000

Revaluations

-

50,000

50,000

At 31st March 2025

1,000

100,000

101,000

NET BOOK VALUE

At 31st March 2025

1,000

100,000

101,000

At 31st March 2024

1,000

50,000

51,000

Cost or valuation at 31st March 2025 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2025

1,000

100,000

101,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,293,507

1,012,129

Amounts owed by group undertakings

19,560

19,088

Other debtors

163,711

176,309

1,476,778

1,207,526

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

156,064

83,155

Finance leases

57,065

62,798

Trade creditors

962,926

785,828

Taxation and social security

146,864

91,869

Other creditors

7,343

7,949

1,330,262

1,031,599

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

6,250

Finance leases

82,679

139,744

82,679

145,994