W P Commercials Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04869930

W P Commercials Limited

Filleted Unaudited Financial Statements

31 August 2025

W P Commercials Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

W P Commercials Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	16,226	26,494
Tangible assets	6	12,911,921	14,526,986
Investment property	7	1,601,372	1,601,372
		-------------	-------------
		14,529,519	16,154,852

Current assets

Stocks		–	14,700
Debtors	8	1,210,819	1,549,091
Cash at bank and in hand		6,768,879	3,669,061
		------------	------------
		7,979,698	5,232,852

Creditors: amounts falling due within one year	9	1,154,413	2,042,972
		------------	------------
Net current assets		6,825,285	3,189,880
		-------------	-------------
Total assets less current liabilities		21,354,804	19,344,732

Provisions	1,661,773	1,615,177
	-------------	-------------
Net assets	19,693,031	17,729,555
	-------------	-------------

Capital and reserves

Called up share capital	2,400	2,400
Profit and loss account	19,690,631	17,727,155
	-------------	-------------
Shareholders funds	19,693,031	17,729,555
	-------------	-------------

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 income and retained earnings has not been delivered.

For the year ending 31 August 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 .

W P Commercials Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 5 May 2026 , and are signed on behalf of the board by:

Mr W M Paternoster

Director

Company registration number: 04869930

W P Commercials Limited

Notes to the Financial Statements

Year ended 31 August 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 Fre-Mel Farm Comp Lane, Offham, West Malling, Kent, ME19 5PP, England.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue in relation to assets leased to customers is recognised on a straight-line basis over the term of the lease agreement.

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.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill	-	25% reducing balance
Motor licences	-	25% - 33% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Short leasehold property	-	10% reducing balance
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

	Hire vehicles and equipment	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 17 (2024: 17 ).

5. Intangible assets

	Goodwill	Motor licences	Total
	£	£	£
Cost
At 1 September 2024	120,000	39,974	159,974
Additions	–	37,500	37,500
Disposals	–	( 47,373)	( 47,373)
	---------	--------	---------
At 31 August 2025	120,000	30,101	150,101
	---------	--------	---------
Amortisation
At 1 September 2024	120,000	13,480	133,480
Charge for the year	–	9,648	9,648
Disposals	–	( 9,253)	( 9,253)
	---------	--------	---------
At 31 August 2025	120,000	13,875	133,875
	---------	--------	---------
Carrying amount
At 31 August 2025	–	16,226	16,226
	---------	--------	---------
At 31 August 2024	–	26,494	26,494
	---------	--------	---------

6. Tangible assets

	Short leasehold property	Plant and machinery	Motor vehicles	Computer equipment	Hire vehicles and equipment	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	306,321	585,048	296,166	129,706	20,329,233	21,646,474
Additions	6,116	21,393	450,691	10,456	2,863,478	3,352,134
Disposals	( 102,891)	( 64,114)	( 4,140)	( 56,322)	( 5,268,311)	( 5,495,778)
Transfers	–	( 22,000)	30,000	–	( 8,000)	–
	---------	---------	---------	---------	-------------	-------------
At 31 Aug 2025	209,546	520,327	772,717	83,840	17,916,400	19,502,830
	---------	---------	---------	---------	-------------	-------------
Depreciation
At 1 Sep 2024	128,005	233,907	194,205	92,792	6,470,579	7,119,488
Charge for the year	17,972	88,294	42,108	14,025	2,261,921	2,424,320
Disposals	( 60,121)	( 52,442)	( 4,058)	( 43,330)	( 2,792,948)	( 2,952,899)
Transfers	–	( 21,071)	21,071	–	–	–
	---------	---------	---------	---------	-------------	-------------
At 31 Aug 2025	85,856	248,688	253,326	63,487	5,939,552	6,590,909
	---------	---------	---------	---------	-------------	-------------
Carrying amount
At 31 Aug 2025	123,690	271,639	519,391	20,353	11,976,848	12,911,921
	---------	---------	---------	---------	-------------	-------------
At 31 Aug 2024	178,316	351,141	101,961	36,914	13,858,654	14,526,986
	---------	---------	---------	---------	-------------	-------------

7. Investment property

	Investment property
	£
Cost
At 1 September 2024 and 31 August 2025	1,601,372
	------------
Impairment
At 1 September 2024 and 31 August 2025	–
	------------

Carrying amount
At 31 August 2025	1,601,372
	------------
At 31 August 2024	1,601,372
	------------

Investment property is recorded at open market value as required under FRS102. The investment property is held at the value of the purchase price plus attributable finance costs and additional capital improvements. The directors assess the value annually and believe this to be an appropriate value for the property.

8. Debtors

	2025	2024
	£	£
Trade debtors	1,091,959	1,459,390
Other debtors	118,860	89,701
	------------	------------
	1,210,819	1,549,091
	------------	------------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	77,210	722,249
Corporation tax	165,969	323,570
Social security and other taxes	223,594	114,071
Other creditors	687,640	883,082
	------------	------------
	1,154,413	2,042,972
	------------	------------

10. Related party transactions

At the balance sheet date, the company owed the directors £225,153 (2024: £95,655). At the balance sheet date, the company owed family of the directors £185,147 (2024: £49,644). During the year, the company was charged rents of £174,000 (2024: £176,200) for use of premises owned by the directors.