WEP Fire Protection Limited - Filleted accounts

Registered number

11242478

WEP Fire Protection Limited

Unaudited Filleted Accounts

31 March 2026

WEP Fire Protection Limited
Registered number:		11242478
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		14,780			19,306

Current assets
Stocks		5,689			5,231
Debtors	4	13,137			1,654
Cash at bank and in hand		11,744			5,647
		30,570			12,532

Creditors: amounts falling due within one year	5	(25,131)			(10,370)

Net current assets			5,439			2,162

Total assets less current liabilities			20,219			21,468

Creditors: amounts falling due after more than one year	6		(1,061)			(7,196)

Provisions for liabilities			(2,460)			(3,276)


Net assets			16,698			10,996

Capital and reserves
Called up share capital			6			6
Profit and loss account			16,692			10,990

Shareholder's funds			16,698			10,996

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Holloway
Director
Approved by the board on 19 May 2026

WEP Fire Protection Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			25% reducing balance
	Plant and machinery			over 4 years
	Buildings			over 10 years
	Fixtures, fittings, tools and equipment			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	2,292		1,848		39,178		43,318
	Additions	-		242		-		242
	At 31 March 2026	2,292		2,090		39,178		43,560

	Depreciation
	At 1 April 2025	229		1,156		22,627		24,012
	Charge for the year	229		401		4,138		4,768
	At 31 March 2026	458		1,557		26,765		28,780

	Net book value
	At 31 March 2026	1,834		533		12,413		14,780
	At 31 March 2025	2,063		692		16,551		19,306


4	Debtors					2026		2025
£							£

	Trade debtors					1,210		650
	Other debtors					11,927		1,004
						13,137		1,654


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					6,136		5,744
	Trade creditors					1,508		2,120
	Taxation and social security costs					3,179		1,290
	Other creditors					14,308		1,216
						25,131		10,370


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					1,061		7,196


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Director
	Interest free loan, repayable on demand	1,216		(16,329)		3,996		(11,117)

		1,216		(16,329)		3,996		(11,117)


8	Other information

	WEP Fire Protection Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Creedy Centre
	Unit 2, 117 High Street
	Crediton
	Devon
	EX17 3LG