REGISTERED NUMBER: SC085711 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

W. W. WALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J B Law

J Opray

GB Opray

REGISTERED OFFICE:

Unit 4

Glencairn Industrial Estate

Kilmarnock

Ayrshire

KA1 4AY

REGISTERED NUMBER:

SC085711 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Tangible assets

4

470,230

462,116

CURRENT ASSETS

Stocks

150,512

102,164

Debtors

5

919,633

978,527

Cash at bank and in hand

138,789

236,977

1,208,934

1,317,668

CREDITORS

Amounts falling due within one year

6

364,466

418,190

NET CURRENT ASSETS

844,468

899,478

TOTAL ASSETS LESS CURRENT LIABILITIES

1,314,698

1,361,594

CREDITORS

Amounts falling due after more than one year

7

(37,866

)

(86,232

)

PROVISIONS FOR LIABILITIES

10

(92,803

)

(92,435

)

NET ASSETS

1,184,029

1,182,927

CAPITAL AND RESERVES

Called up share capital

9,000

9,000

Other reserves

252,250

252,250

Retained earnings

922,779

921,677

1,184,029

1,182,927

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 April 2026 and were signed on its behalf by:

GB Opray - Director

1.	STATUTORY INFORMATION

W. W. Wales Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 44 (2024 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

162,819

1,785,730

296,179

2,244,728

Additions

-

86,241

-

86,241

At 31 August 2025

162,819

1,871,971

296,179

2,330,969

DEPRECIATION

At 1 September 2024

145,330

1,494,740

142,542

1,782,612

Charge for year

2,498

37,723

37,906

78,127

At 31 August 2025

147,828

1,532,463

180,448

1,860,739

NET BOOK VALUE

At 31 August 2025

14,991

339,508

115,731

470,230

At 31 August 2024

17,489

290,990

153,637

462,116

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

209,184

DEPRECIATION

At 1 September 2024

73,603

Charge for year

33,518

At 31 August 2025

107,121

NET BOOK VALUE

At 31 August 2025

102,063

At 31 August 2024

135,581

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

361,074

351,564

Amounts owed by group undertakings

527,595

577,595

Other debtors

30,964

49,368

919,633

978,527

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 8)

48,366

48,366

Trade creditors

176,000

143,747

Taxation and social security

70,944

172,248

Other creditors

69,156

53,829

364,466

418,190

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 8)

37,866

86,232

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

48,366

48,366

Between one and five years

37,866

86,232

86,232

134,598

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

63,475

63,475

Between one and five years

253,900

253,900

In more than five years

132,239

195,714

449,614

513,089

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

86,232

134,598

Hire purchase creditors are secured against the specific assets financed.

10.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

92,803

92,435

Deferred

tax

£

Balance at 1 September 2024

92,435

Provided during year

368

Balance at 31 August 2025

92,803

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

J Opray

Balance outstanding at start of year

-

1,000

Amounts repaid

-

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the amount due from the parent company was £527,595 (2024- £577,595).

The loan is interest free and repayable on demand.