Wapa Limited

	Page
Abridged Statement of Financial Position	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 08657153

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		789		1,521
Tangible Assets	5		7,815		6,600

			8,604		8,121
CURRENT ASSETS
Stocks		6,974		10,684
Debtors		283,359		189,169
Cash at bank and in hand		7,674		23,362

		298,007		223,215
Creditors: Amounts Falling Due Within One Year		(268,791 )		(148,104 )

NET CURRENT ASSETS (LIABILITIES)			29,216		75,111

TOTAL ASSETS LESS CURRENT LIABILITIES			37,820		83,232

Creditors: Amounts Falling Due After More Than One Year			-		(2,500 )

NET ASSETS			37,820		80,732

CAPITAL AND RESERVES
Called up share capital	6		100		100
Income Statement			37,720		80,632

SHAREHOLDERS' FUNDS			37,820		80,732

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Wapa Limited

Abridged Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

P Even

Director

07/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wapa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08657153 . The registered office is 218 Trinity Road, London, SW17 7HP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of fifteen years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% straight line
Motor Vehicles	20% straight line
Computer Equipment	15% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Wapa Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2025: 16)

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2025	10,000

As at 31 March 2026	10,000

Amortisation
As at 1 April 2025	8,479
Provided during the period	732

As at 31 March 2026	9,211

Net Book Value
As at 31 March 2026	789

As at 1 April 2025	1,521

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2025	41,071
Additions	3,283

As at 31 March 2026	44,354

Depreciation
As at 1 April 2025	34,471
Provided during the period	2,068

As at 31 March 2026	36,539

Net Book Value
As at 31 March 2026	7,815

As at 1 April 2025	6,600

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Wapa Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2026

6. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	53,100	54,000
Later than one year and not later than five years	-	53,100

	53,100	107,100

8. Related Party Transactions

During the period under review, the company entered into transactions with companies which the shareholders and directors, Mr P Even and Mr W Lecocq, are also the shareholders and directors of. These transactions were as follows:

Gazette Limited

Supplied to Gazette Limited £2,559.

Loan to Gazette Limited £21,635.

Balance owing from Gazette Limited at 31 March 2026 £24,194.

Roquebrune Limited

Supplied to Roquebrune Limited £28,642.

Loan to Roquebrune Limited £16,456.

Balance owing from Roquebrune Limited at 31 March 2026 £45,098.

Gazettechancery Limited

Supplied to Gazettechancery Limited £26,276.

Loan to Gazettechancery Limited £88,943.

Balance owing from Gazettechancery Limited at 31 March 2026 £115,219.

Wapanamann Ltd

Supplied to Wapanamann Ltd £15,173.

Loan to Wapanamann Ltd £39,837.

Balance owing from Wapanamann Ltd at 31 March 2026 £55,010.

Gazette South Kensington Limited

Supplied to Gazette South Kensington Limited £1,857.

Loan to Gazette South Kensington Limited £3,000.

Balance owing from Gazette South Kensington Limited at 31 March 2026 £4,857.

9. Controlling Party Not Known

The company's ultimate controlling party is unknown.

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