WPS Compliance Consulting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07002484 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

WPS Compliance Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Ayris

A J Chapman

REGISTERED OFFICE:

9 Spring Gardens

Burton Latimer

Kettering

Northamptonshire

NN15 6NS

REGISTERED NUMBER:

07002484 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

16,515

-

Tangible assets

5

12,403

25,972

28,918

25,972

CURRENT ASSETS

Stocks

300

2,040

Debtors

6

47,505

68,482

Cash at bank and in hand

10

414

47,815

70,936

CREDITORS

Amounts falling due within one year

7

(192,055

)

(170,760

)

NET CURRENT LIABILITIES

(144,240

)

(99,824

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,322

)

(73,852

)

CREDITORS

Amounts falling due after more than one
year

8

(40,101

)

(55,480

)

NET LIABILITIES

(155,423

)

(129,332

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(155,523

)

(129,432

)

SHAREHOLDERS' FUNDS

(155,423

)

(129,332

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

L A Ayris - Director

1.	STATUTORY INFORMATION

WPS Compliance Consulting 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Government grants

Government grants receivable in relation to expenditure is recognised when the expenditure is charged to the profit and loss.

Going concern

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company has net liabilities and the directors consider that the company is a going concern due to the continued support of its shareholders.

Fraudulent activity

Transactions relating to fraudulent activity identified with the business have been allocated under fraudulent transactions, after offsetting funds recovered. These transactions are identified as exceptional items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 November 2024

16,240

Additions

18,350

At 31 October 2025

34,590

AMORTISATION

At 1 November 2024

16,240

Amortisation for year

1,835

At 31 October 2025

18,075

NET BOOK VALUE

At 31 October 2025

16,515

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 November 2024

37,282

16,019

5,095

20,389

78,785

Disposals

-

(14,849

)

(5,095

)

(18,153

)

(38,097

)

At 31 October 2025

37,282

1,170

-

2,236

40,688

DEPRECIATION

At 1 November 2024

21,553

12,832

1,085

17,343

52,813

Charge for year

3,933

48

-

739

4,720

Eliminated on disposal

-

(11,979

)

(1,085

)

(16,184

)

(29,248

)

At 31 October 2025

25,486

901

-

1,898

28,285

NET BOOK VALUE

At 31 October 2025

11,796

269

-

338

12,403

At 31 October 2024

15,729

3,187

4,010

3,046

25,972

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

as

restated

£

Trade debtors

26,824

38,677

Other debtors

20,681

29,805

47,505

68,482

Other debtors includes prepayments and accrued income of £Nil (2024: £19,086).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

as

restated

£

Bank loans and overdrafts

56,797

25,939

Trade creditors

7,794

42,099

Corporation tax

-

986

Social security and other taxes

17,397

73,028

Other creditors

19,832

19,428

Directors' current accounts

88,485

7,680

Accruals and deferred income

1,750

1,600

192,055

170,760

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

as

restated

£

Bank loans - 1-2 years

11,246

15,379

Bank loans - 2-5 years

28,855

40,101

55,480

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £20,372 (2024: £27,240).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.25

31.10.24

as

restated

£

L A Ayris

Balance outstanding at start of year

9,610

-

Amounts advanced

12,205

9,949

Amounts repaid

(21,815

)

(339

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9,610

The loan was repayable on demand and interest has been charged at the HMRC Official Rate.