REGISTERED NUMBER: 02354195 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Wemtech Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Cooper

T J Harrison

C Zivoder

REGISTERED OFFICE:

The Great Barn

Wootton Park

Alcester Road

Henley-In-Arden

Warwickshire

B95 6HJ

REGISTERED NUMBER:

02354195 (England and Wales)

ACCOUNTANTS:

Davies Archytas Accountants Ltd

14 The Oaks

Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

7,255

6,410

CURRENT ASSETS

Debtors

116,887

95,240

Cash at bank and in hand

8,741

18,798

125,628

114,038

CREDITORS

Amounts falling due within one year

58,463

41,622

NET CURRENT ASSETS

67,165

72,416

TOTAL ASSETS LESS CURRENT LIABILITIES

74,420

78,826

CREDITORS

Amounts falling due after more than one year

2,080

12,080

NET ASSETS

72,340

66,746

RESERVES

Retained earnings

72,340

66,746

72,340

66,746

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 August 2025 and were signed on its behalf by:

T J Harrison - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

35,099

Additions

2,911

At 31 March 2025

38,010

DEPRECIATION

At 1 April 2024

28,689

Charge for year

2,066

At 31 March 2025

30,755

NET BOOK VALUE

At 31 March 2025

7,255

At 31 March 2024

6,410

5.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

18,249

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

2,080

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

2,080

6.	RELATED PARTY DISCLOSURES

During the year, the company provided services to Wemtech CTS Limited, which resulted in an income charge of £95,000 (2024 - £95,000) within the Financial Statements.

During the year, the company provided services to Experior Technical Services Limited, which resulted in an income charge of £0 (2024 - £0) within the Financial Statements.

The company received services from Experior Technical Services Limited during the year, which resulted in a charge of £0 (2024 - £0) within the Financial Statements.

Amounts owed to/from Wemtech CTS Limited, Experior Technical Services Limited and Wemtech (Holdings) Limited at the year end totalled £98,443.29 (2024 - £79,351).

7.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £5 per member.