Company registration number 00036148 (England and Wales)
Walsall Business Support Limited
Unaudited financial statements
For the year ended 31 July 2025
Walsall Business Support Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Walsall Business Support Limited
Statement of financial position
As at 31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
1,985,750
2,241,818
Current assets
Debtors
4
2,591
690
Cash at bank and in hand
34,985
29,386
37,576
30,076
Creditors: amounts falling due within one year
5
(5,762)
(5,811)
Net current assets
31,814
24,265
Total assets less current liabilities
2,017,564
2,266,083
Provisions for liabilities
(60,530)
(71,486)
Net assets
1,957,034
2,194,597
Reserves
Non-distributable profits reserve
7
181,589
214,458
Income and expenditure account
1,775,445
1,980,139
Total members' funds
1,957,034
2,194,597
Walsall Business Support Limited
Statement of financial position (continued)
As at 31 July 2025
- 2 -

For the financial year ended 31 July 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 income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 November 2025 and are signed on its behalf by:
J Punch
A Howell
Director
Director
Company registration number 00036148 (England and Wales)
Walsall Business Support Limited
Statement of changes in equity
For the year ended 31 July 2025
- 3 -
Non-distri-butable profits
Income and expenditure
Total
Notes
£
£
£
Balance at 1 August 2023
64,970
2,113,747
2,178,717
Year ended 31 July 2024:
Surplus and total comprehensive income
149,488
9,712
159,200
Grants
-
(143,320)
(143,320)
Balance at 31 July 2024
214,458
1,980,139
2,194,597
Year ended 31 July 2025:
Surplus and total comprehensive income
(32,869)
56,556
23,687
Grants
-
(261,250)
(261,250)
Balance at 31 July 2025
181,589
1,775,445
1,957,034
Walsall Business Support Limited
Notes to the financial statements
For the year ended 31 July 2025
- 4 -
1
Accounting policies
Company information

Walsall Business Support Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is c/o PTP Training, Essex Terrace, Intown, Walsall, WS1 1SQ.

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. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
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.

Walsall Business Support Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
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 income statement because it excludes items of income or expense that are taxable

or deductible in other areas and it further excludes items that are never taxable or deductible. The

company's liability for current tax is calculated using the tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred assets are

recognised to the extent that it is probable that they will be recovered against the reversal of

deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if

the timing difference arises from goodwill or from the initial recognition of other assets and liabilities

in a transaction that affects nether the profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to

the extent that it is no longer probable that sufficient taxable profits will be available to allow all or

part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to

apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or

credited in the income statement, except when it relates to items charged or credited directly to

equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities

are offset when the company has a legally enforceable right to offset current tax assets and liabilities

and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Walsall Business Support Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 6 -
2
Employees

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

2025
2024
Number
Number
Total
5
4
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
1,985,750
2,241,818
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 August 2024
2,241,818
Additions
421,488
Valuation changes
(40,260)
Disposals
(637,296)
At 31 July 2025
1,985,750
Carrying amount
At 31 July 2025
1,985,750
At 31 July 2024
2,241,818
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
2,591
690
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
5,762
5,811
Walsall Business Support Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 7 -
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

7
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
214,458
64,970
Non distributable profits in the year
(32,869)
149,488
At the end of the year
181,589
214,458
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