WM Project Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05961358 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 August 2017

for

WM PROJECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W K Mizera

Ms E Mostowska

SECRETARY:

Ms E Mostowska

REGISTERED OFFICE:

9 Coleford Road

London

SW18 1AD

REGISTERED NUMBER:

05961358 (England and Wales)

ACCOUNTANTS:

LBCo Ltd

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

FIXED ASSETS

Tangible assets

4

16,884

18,752

CURRENT ASSETS

Work in Progress

14,523

9,073

Debtors

5

29,824

10,904

Cash at bank

3,077

18,541

47,424

38,518

CREDITORS

Amounts falling due within one year

6

52,857

42,231

NET CURRENT LIABILITIES

(5,433

)

(3,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,451

15,039

CREDITORS

Amounts falling due after more than one year

7

8,900

14,378

NET ASSETS

2,551

661

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

2,451

561

SHAREHOLDERS' FUNDS

2,551

661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 30 May 2018 and were signed on its behalf by:

W K Mizera - Director

1.	STATUTORY INFORMATION

WM Project 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Plant and equipment

-

25% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Turnover

Turnover comprises income from work invoiced in the year, exclusive of Value Added Tax.

Work-in-progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2016

14,955

24,250

10,130

49,335

Additions

-

-

6,905

6,905

At 31 August 2017

14,955

24,250

17,035

56,240

DEPRECIATION

At 1 September 2016

14,033

8,184

8,366

30,583

Charge for year

461

4,063

4,249

8,773

At 31 August 2017

14,494

12,247

12,615

39,356

NET BOOK VALUE

At 31 August 2017

461

12,003

4,420

16,884

At 31 August 2016

922

16,066

1,764

18,752

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

5,694

5,086

Other Debtors

20,800

3,077

Prepayments

3,330

2,741

29,824

10,904

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts

5,078

3,959

Trade creditors

27,482

15,908

Corporation tax

14,470

7,552

VAT

2,070

4,913

Credit cards

413

2,008

Other creditors

3,344

7,891

52,857

42,231

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts

8,900

14,378

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

100

Ordinary Shares

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 September 2016

561

Profit for the year

56,890

Dividends

(55,000

)

At 31 August 2017

2,451