REGISTERED NUMBER: 03510785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

WPC Software Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Walker

Mrs E J Walker

Mr A S Plummer

Mr G A Bewes

Mr W J W Walker

Mr C E Gough

Mr S J McManus

SECRETARY:

Mr W J W Walker

REGISTERED OFFICE:

Apex House

Kingsfield Lane

Longwell Green

Bristol

BS30 6DL

REGISTERED NUMBER:

03510785 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

876,144

937,534

876,144

937,534

CURRENT ASSETS

Debtors

6

808,208

1,224,565

Cash at bank

3,552,141

3,375,848

4,360,349

4,600,413

CREDITORS

Amounts falling due within one year

7

2,695,018

2,992,851

NET CURRENT ASSETS

1,665,331

1,607,562

TOTAL ASSETS LESS CURRENT LIABILITIES

2,541,475

2,545,096

PROVISIONS FOR LIABILITIES

190,920

152,457

NET ASSETS

2,350,555

2,392,639

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

9

2,300,555

2,342,639

SHAREHOLDERS' FUNDS

2,350,555

2,392,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 28 November 2025 and were signed on its behalf by:

Mr A Walker - Director

Mrs E J Walker - Director

1.	STATUTORY INFORMATION

WPC Software 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.

Turnover

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

Intellectual property rights

Intellectual property rights are being amortised over 3 years, which was estimated to be their useful economic life by the directors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

813,211

546,981

388,792

1,748,984

Additions

-

20,974

-

20,974

Disposals

-

(1,931

)

-

(1,931

)

At 31 March 2025

813,211

566,024

388,792

1,768,027

DEPRECIATION

At 1 April 2024

122,777

454,242

234,431

811,450

Charge for year

14,498

28,311

38,590

81,399

Eliminated on disposal

-

(966

)

-

(966

)

At 31 March 2025

137,275

481,587

273,021

891,883

NET BOOK VALUE

At 31 March 2025

675,936

84,437

115,771

876,144

At 31 March 2024

690,434

92,739

154,361

937,534

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

759,918

1,144,408

Other debtors

9,421

6,375

Prepayments & Accrued Income

38,869

73,782

808,208

1,224,565

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,458

610

Tax

211,701

224,289

Social security and other taxes

253,807

411,019

Other creditors

2,705

8,078

Receipts in advance

2,209,941

2,337,606

Directors' loan accounts

2,184

2,184

Accrued expenses

8,222

9,065

2,695,018

2,992,851

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000,000

Ordinary

1p

50,000

50,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

2,342,639

Profit for the year

557,916

Dividends

(600,000

)

At 31 March 2025

2,300,555