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| WYS LONDON LIMITED |
| Company Registration Number: 12449650 |
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| Notes |
| For the year ended 28 February 2026 |
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| 1. General Information |
WYS LONDON LIMITED is a Private Limited Company, Limited By shares, registered in , registration number 12449650
2 Coney Hall Parade
Kingsway
West Wickham
BR4 9JB
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| 2. Statement of Compliance |
FRS 102(1A) - The financial statements have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. |
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| 3. Accounting policies |
| Basis of preparation |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as
applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS
102 have been applied other than where additional disclosure is required to show a true and fair view. |
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| Presentation currency |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a
mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are set out below. |
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| | 2026 | 2025 |
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| 4. Employees |
Average number of employees including directors during the period | | 2 | 2 |
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| 5. Inventories (Stock) |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises
direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing
the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost,
adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over
its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss.
Reversals of impairment losses are also recognised in profit or loss. |
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| 6. Tangible fixed assets |
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Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Computers 33% reducing balance
Cars 18% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and
the carrying value of the asset, and is credited or charged to profit or loss. |
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