WPDM Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03721886 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

WPDM Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Wagner

K M Wagner

A J Prior

H Prior

REGISTERED OFFICE:

The Stable Yard

Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

REGISTERED NUMBER:

03721886 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Tangible assets

4

-

5

CURRENT ASSETS

Debtors

5

200,985

273,795

Cash at bank

291,194

121,355

492,179

395,150

CREDITORS

Amounts falling due within one year

6

426,929

312,662

NET CURRENT ASSETS

65,250

82,488

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,250

82,493

CREDITORS

Amounts falling due after more than one year

7

2,651

13,091

NET ASSETS

62,599

69,402

CAPITAL AND RESERVES

Called up share capital

650

Retained earnings

61,949

68,752

SHAREHOLDERS' FUNDS

62,599

69,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 25 November 2025 and were signed on its behalf by:

A R Wagner - Director

1.	STATUTORY INFORMATION

WPDM Ltd 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.

Turnover

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

Tangible fixed assets

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

Computer equipment

-

3 years

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2024

and 28 February 2025

505

DEPRECIATION

At 1 March 2024

500

Charge for year

5

At 28 February 2025

505

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

5

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

200,985

273,795

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

10,440

10,183

Trade creditors

155,046

18,585

Taxation and social security

34,957

68,316

Other creditors

226,486

215,578

426,929

312,662

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

2,651

13,091

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

HitachiCapital Invoice Finance

-

10,800

Under an agreement, Hitachi Capital Invoice Finance Ltd holds security against all book debts together with the benefit of all rights attached to such book debts from time to time owing to the borrower.

Under a debenture, Hitachi Capital Invoice Finance Ltd holds fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings and fixed plant and machinery.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

**UNKNOWN DIRECTOR 1**

Balance outstanding at start of year

33,215

10,202

Amounts advanced

-

23,013

Amounts repaid

(897

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

32,318

33,215

**UNKNOWN DIRECTOR 2**

Balance outstanding at start of year

10,240

5,160

Amounts advanced

-

5,080

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

10,240

**UNKNOWN DIRECTOR 3**

Balance outstanding at start of year

20,444

25,948

Amounts repaid

-

(5,504

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

20,444

**UNKNOWN DIRECTOR 4**

Balance outstanding at start of year

45,574

36,479

Amounts advanced

-

9,095

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

45,574

All transactions are interest free and all balances are repayable on demand.