WM Designs Ltd - Accounts to registrar (filleted) - small 18.2

WM Designs Ltd - Accounts to registrar (filleted) - small 18.2

WM DESIGNS LTD - Company Information

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IRIS Accounts Production v20.3.0.228 11544003 Board of Directors Board of Directors 1.1.19 31.3.20 31.3.20 0 0 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure115440032018-12-31115440032020-03-31115440032019-01-012020-03-31115440032018-08-29115440032018-08-302018-12-31115440032018-12-3111544003ns16:EnglandWales2019-01-012020-03-3111544003ns15:PoundSterling2019-01-012020-03-3111544003ns11:Director12019-01-012020-03-3111544003ns11:Director22019-01-012020-03-3111544003ns11:PrivateLimitedCompanyLtd2019-01-012020-03-3111544003ns11:SmallEntities2019-01-012020-03-3111544003ns11:AuditExempt-NoAccountantsReport2019-01-012020-03-3111544003ns11:SmallCompaniesRegimeForDirectorsReport2019-01-012020-03-3111544003ns11:SmallCompaniesRegimeForAccounts2019-01-012020-03-3111544003ns11:AbridgedAccounts2019-01-012020-03-3111544003ns11:OrdinaryShareClass12019-01-012020-03-3111544003ns11:RegisteredOffice2019-01-012020-03-3111544003ns6:CurrentFinancialInstruments2020-03-3111544003ns6:CurrentFinancialInstruments2018-12-3111544003ns6:ShareCapital2020-03-3111544003ns6:ShareCapital2018-12-3111544003ns6:RetainedEarningsAccumulatedLosses2020-03-3111544003ns6:RetainedEarningsAccumulatedLosses2018-12-3111544003ns11:OrdinaryShareClass12020-03-31
REGISTERED NUMBER: 11544003 (England and Wales)












Unaudited Financial Statements

for the Period 1 January 2019 to 31 March 2020

for

WM Designs Ltd
WM Designs Ltd (Registered number: 11544003)

Contents of the Financial Statements
for the Period 1 January 2019 to 31 March 2020










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WM Designs Ltd

Company Information
for the Period 1 January 2019 to 31 March 2020







DIRECTORS: Mr R Cale
Ms S Gaunt





REGISTERED OFFICE: Unit 2 Creedy Vale
Down End
Lords Meadow Industrial Estate
Crediton
Devon
EX17 1HN





REGISTERED NUMBER: 11544003 (England and Wales)





ACCOUNTANTS: R T Marke & Co Ltd
Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT
Page 1
WM Designs Ltd (Registered number: 11544003)

Abridged Balance Sheet
31 March 2020

2020 2018
Notes £    £   
CURRENT ASSETS
Stocks 12,390 -
Debtors 1,592 -
Cash at bank and in hand 12,293 100
26,275 100
CREDITORS
Amounts falling due within one year 26,839 -
NET CURRENT (LIABILITIES)/ASSETS (564 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES
(564
)
100

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (664 ) -
SHAREHOLDERS' FUNDS (564 ) 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 notes on pages 4 to 5 form part of these financial statements

Page 2
WM Designs Ltd (Registered number: 11544003)

Abridged Balance Sheet - continued
31 March 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2020 and were signed on its behalf by:




Mr R Cale - Director



Ms S Gaunt - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
WM Designs Ltd (Registered number: 11544003)

Notes to the Financial Statements
for the Period 1 January 2019 to 31 March 2020


1. STATUTORY INFORMATION

WM Designs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Page 4
WM Designs Ltd (Registered number: 11544003)

Notes to the Financial Statements - continued
for the Period 1 January 2019 to 31 March 2020


3. ACCOUNTING POLICIES - continued
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 period 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.

Going concern
The company has retained losses of £664 (2018 - £nil). It also has net current liabilities of £564 (2018 - net current assets of £100) and net liabilities of £564 (2018 - net assets of £100). The company cannot continue to make losses of this significance while still meeting its obligations as they fall due.

The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2018
value: £    £   
100 Ordinary £1 100 100

6. CORRESPONDING AMOUNTS

These financial statements cover the period 1 January 2019 to 31 March 2020. The comparative figures cover the period 30 August 2018 to 31 December 2018. Accordingly, the corresponding amounts may not be comparable as required by the provisions of FRS 102 Section 1A small entities.

Page 5