REGISTERED NUMBER: 05072301 (England and Wales)

WAKLIN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr. P M Shannon

Mrs. P Shannon

REGISTERED OFFICE:

Unit 6 Harpurhey Shopping Centre

Lee Road

Manchester

M9 4DH

REGISTERED NUMBER:

05072301 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

31,178

46,978

Tangible assets

5

137,772

268,050

168,950

315,028

CURRENT ASSETS

Stocks

950,396

989,071

Debtors

6

687,733

44,632

Cash at bank and in hand

209,240

181,240

1,847,369

1,214,943

CREDITORS

Amounts falling due within one year

7

450,679

837,829

NET CURRENT ASSETS

1,396,690

377,114

TOTAL ASSETS LESS CURRENT LIABILITIES

1,565,640

692,142

CREDITORS

Amounts falling due after more than one year

8

1,533,324

4,325

NET ASSETS

32,316

687,817

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

32,216

687,717

SHAREHOLDERS' FUNDS

32,316

687,817

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 22nd September 2026 and were signed on its behalf by:

Mr. P M Shannon - Director

1.	STATUTORY INFORMATION

Waklin 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% straight line on cost

Plant and machinery

-

20% straight line on cost

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 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.

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 59 (2024 - 63 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

158,000

268,091

426,091

AMORTISATION

At 1st January 2025

111,022

268,091

379,113

Amortisation for year

15,800

-

15,800

At 31st December 2025

126,822

268,091

394,913

NET BOOK VALUE

At 31st December 2025

31,178

-

31,178

At 31st December 2024

46,978

-

46,978

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1st January 2025

192,242

485,652

677,894

Additions

-

6,625

6,625

At 31st December 2025

192,242

492,277

684,519

DEPRECIATION

At 1st January 2025

132,776

277,068

409,844

Charge for year

38,448

98,455

136,903

At 31st December 2025

171,224

375,523

546,747

NET BOOK VALUE

At 31st December 2025

21,018

116,754

137,772

At 31st December 2024

59,466

208,584

268,050

Cost or valuation at 31st December 2025 is represented by:

Improvements

to

Plant and

property

machinery

Totals

£

£

£

Valuation in 2024

-

80,252

80,252

Cost

192,242

412,025

604,267

192,242

492,277

684,519

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

673,673

23,673

Other debtors

14,060

20,959

687,733

44,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

196,756

816,775

Trade creditors

42,344

-

Taxation and social security

161,090

(841

)

Other creditors

50,489

21,895

450,679

837,829

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,533,324

4,325

9.	ULTIMATE CONTROLLING PARTY

The controlling party is MPPL (Blackburn) Limited.

The ultimate controlling parties are Mr M P Shannon and Mrs P Shannon.