Wafer Fab Solutions Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Wafer Fab Solutions Ltd

(Registration number: 15993984)
Statement of Financial Position as at 30 October 2025

	Note	2025 £
Fixed assets
Tangible assets	4	12,503
Current assets
Stocks	5	183,400
Debtors	6	50,093
Cash at bank and in hand		97,846
		331,339
Creditors: Amounts falling due within one year	7	(258,441)
Net current assets		72,898
Total assets less current liabilities		85,401
Provisions for liabilities		(3,588)
Net assets		81,813
Capital and reserves
Called up share capital		3
Profit and loss account		81,810
Shareholders' funds		81,813

For the financial period ending 30 October 2025 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 period 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 25 September 2026 and signed on its behalf by:
 

I R Mackenzie Director

Wafer Fab Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 30 October 2025

1	General information

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

The address of its registered office is:
Britton House
10 Fore Street
Kingsbridge
Devon
TQ7 1NY
England and Wales

Principal activity

The principal activity of the company is manufacturing of electronic components.

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Disclosure of long or short period

This is the first period of account from incorporation on 2 October 2024 to 30 October 2025.

Going concern

The financial statements have been prepared on a going concern basis.

Wafer Fab Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 30 October 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Wafer Fab Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 30 October 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position 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
Plant & Machinery	4 years straight line
Office Equipment	4 years straight line
Fixtures & Fittings	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

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.

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 period, was 6.

Wafer Fab Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 30 October 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
Additions	4,426	8,597	2,896	15,919
At 30 October 2025	4,426	8,597	2,896	15,919
Depreciation
Charge for the period	543	2,149	724	3,416
At 30 October 2025	543	2,149	724	3,416
Carrying amount
At 30 October 2025	3,883	6,448	2,172	12,503

5

Stocks

	2025 £
Raw materials and consumables	183,400

6

Debtors

	2025 £
Trade debtors	14,870
Other debtors	21,651
Prepayments	13,572
	50,093

Wafer Fab Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 2 October 2024 to 30 October 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Trade creditors	42,989
Taxation and social security	58,012
Accruals and deferred income	4,000
Other creditors	153,440
	258,441

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.