Registration number: 10576787

WBSM Holdings Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 9

WBSM Holdings Ltd

(Registration number: 10576787)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	32,066	62,466
Tangible assets	5	722,456	707,383
		754,522	769,849
Current assets
Stocks	6	13,750	12,500
Debtors	7	50,295	28,059
Cash at bank and in hand		513,775	537,072
		577,820	577,631
Creditors: Amounts falling due within one year	8	(342,851)	(334,373)
Net current assets		234,969	243,258
Total assets less current liabilities		989,491	1,013,107
Creditors: Amounts falling due after more than one year	8	(183,877)	(298,207)
Net assets		805,614	714,900
Capital and reserves
Called up share capital	9	108	108
Retained earnings		805,506	714,792
Shareholders' funds		805,614	714,900

For the financial year ending 31 May 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 September 2026 and signed on its behalf by:
 

......................................... Mr W A Branson Director

......................................... Mr S Martin Director

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
The Briny
Clarence Esplanade
Southsea
Hamsphire
PO5 3PG
England

These financial statements were authorised for issue by the Board on 14 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold land and buildings	2% straight line
Fixtures and fittings	25% reducing balance
Computers	33% straight line
Motor vehicles	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 51 (2025 - 49).

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2025	304,000	304,000
At 31 May 2026	304,000	304,000
Amortisation
At 1 June 2025	241,534	241,534
Amortisation charge	30,400	30,400
At 31 May 2026	271,934	271,934
Carrying amount
At 31 May 2026	32,066	32,066
At 31 May 2025	62,466	62,466

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2025	779,230	104,499	12,198	895,927
Additions	-	51,482	-	51,482
At 31 May 2026	779,230	155,981	12,198	947,409
Depreciation
At 1 June 2025	115,714	70,034	2,795	188,543
Charge for the year	15,584	17,776	3,050	36,410
At 31 May 2026	131,298	87,810	5,845	224,953
Carrying amount
At 31 May 2026	647,932	68,171	6,353	722,456
At 31 May 2025	663,516	34,465	9,402	707,383

6

Stocks

	2026 £	2025 £
Closing stock	13,750	12,500

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

7

Debtors

Current	2026 £	2025 £
Prepayments	642	1,122
Other debtors	49,653	26,937
	50,295	28,059

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	32,746	27,741
Trade creditors		62,040	67,720
Taxation and social security		171,451	189,888
Accruals and deferred income		2,268	6,680
Other creditors		74,346	42,344
		342,851	334,373

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	183,877	298,207

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	104	104	104	104
Ordinary A of £1 each	2	2	2	2
Ordinary E of £1 each	1	1	1	1
Ordinary F of £1 each	1	1	1	1
	108	108	108	108

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	175,953	198,453
Hire purchase contracts	7,924	10,346
Other borrowings	-	89,408
	183,877	298,207

WBSM Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	22,062	22,062
Hire purchase contracts	2,422	2,422
Other borrowings	8,262	3,257
	32,746	27,741