WPH (Lincoln) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08617199

WPH (LINCOLN) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 April 2025

WPH (LINCOLN) LTD

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	5		1,452,363		1,123,707

Current Assets

Debtors	6	164,381	27,681
Cash at bank and in hand		121,903	53,768
		---------	--------
		286,284	81,449

Creditors: amounts falling due within one year	7	358,953		220,780
		---------		---------
Net Current Liabilities			72,669		139,331
			------------		------------
Total Assets Less Current Liabilities			1,379,694		984,376

Creditors: amounts falling due after more than one year	8		484,898		285,005

Provisions

Taxation including deferred tax	244,091	221,554
	------------	---------
Net Assets	650,705	477,817
	------------	---------

WPH (LINCOLN) LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Called up share capital	100	100
Revaluation reserve	60,184	60,875
Profit and loss account	590,421	416,842
	---------	---------
Shareholders Funds	650,705	477,817
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

P M Dowling

Director

Company registration number: 08617199

WPH (LINCOLN) LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit G Westminster Trading Estate, Station Road, North Hykeham, Lincoln, LN6 3QY.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property (excluding land)	-	2% straight line
Plant and machinery	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Finance Leases and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible Assets

	Freehold Property	Plant and machinery	Motor vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2024	300,000	1,181,067	285,415	3,258	1,769,740
Additions	–	371,768	216,630	1,275	589,673
Disposals	–	( 182,150)	( 22,094)	–	( 204,244)
	---------	------------	---------	-------	------------
At 30 April 2025	300,000	1,370,685	479,951	4,533	2,155,169
	---------	------------	---------	-------	------------
Depreciation
At 1 May 2024	8,000	497,616	137,159	3,258	646,033
Charge for the year	4,000	144,131	43,301	255	191,687
Disposals	–	( 117,225)	( 17,689)	–	( 134,914)
	---------	------------	---------	-------	------------
At 30 April 2025	12,000	524,522	162,771	3,513	702,806
	---------	------------	---------	-------	------------
Carrying amount
At 30 April 2025	288,000	846,163	317,180	1,020	1,452,363
	---------	------------	---------	-------	------------
At 30 April 2024	292,000	683,451	148,256	–	1,123,707
	---------	------------	---------	-------	------------

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 30 April 2025
Aggregate cost	248,152
Aggregate depreciation	(26,375)
	---------
Carrying value	221,777
	---------

At 30 April 2024
Aggregate cost	248,152
Aggregate depreciation	(23,066)
	---------
Carrying value	225,086
	---------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery	Motor vehicles	Total
	£	£	£
At 30 April 2025	626,936	215,760	842,696
	---------	---------	---------
At 30 April 2024	561,476	62,963	624,439
	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	52,187	25,312
Amounts owed by group undertakings	60,000	–
Other debtors	52,194	2,369
	---------	--------
	164,381	27,681
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	81,105	3,202
Amounts owed to group undertakings	43,537	–
Social security and other taxes	–	9,785
Other creditors	234,311	207,793
	---------	---------
	358,953	220,780
	---------	---------

Liabilities totalling £230,411 (2024-£182,088) are secured against the assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	484,898	285,005
	---------	---------

Liabilities totalling £484,898 (2024-£285,005) are secured against the assets of the company.

9. Directors' Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
P M Dowling	2,369	( 260)	2,109
	-------	----	-------

	2024
	Balance brought forward	Amounts repaid	Balance outstanding
	£	£	£
P M Dowling	2,629	( 260)	2,369
	-------	----	-------

All balances are interest free and are repayable on demand.

10. Controlling Party

On 17 February 2025 the company became a wholly owned subsidiary of Dowling Holdings Limited.