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REGISTERED NUMBER: 01257803 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

WPSI GROUP LIMITED

WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WPSI GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2017







DIRECTORS: D S Holder
J P Delaney



SECRETARY: S J Holder



REGISTERED OFFICE: Blackthorn House
St Pauls Square
Birmingham
B3 1RL



BUSINESS ADDRESS: Westgate
Aldridge
West Midlands
WS9 8DJ



REGISTERED NUMBER: 01257803 (England and Wales)



ACCOUNTANTS: Holder Blackthorn LLP
Blackthorn House
St Pauls Square
Birmingham
B3 1RL



SOLICITORS: Higgs & Sons
3 Waterfront Business Park
Brierley Hill
West Midlands
DY5 1LX

WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)

BALANCE SHEET
30 APRIL 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,379 177,355
Investments 5 2 2
122,381 177,357

CURRENT ASSETS
Stocks 707,432 690,817
Debtors 6 1,196,939 1,003,216
Cash at bank and in hand 91,682 34,080
1,996,053 1,728,113
CREDITORS
Amounts falling due within one year 7 1,265,669 1,047,693
NET CURRENT ASSETS 730,384 680,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

852,765

857,777

CREDITORS
Amounts falling due after more than one
year

8

(7,091

)

(49,638

)

PROVISIONS FOR LIABILITIES (14,780 ) (24,000 )
NET ASSETS 830,894 784,139

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Share premium 15,000 15,000
Retained earnings 765,894 719,139
SHAREHOLDERS' FUNDS 830,894 784,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)

BALANCE SHEET - continued
30 APRIL 2017


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 17 August 2017 and were signed on its behalf by:





D S Holder - Director


WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2017

1. STATUTORY INFORMATION

WPSI Group 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.

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


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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year 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.

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.

WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2016 1,107,726
Additions 7,000
Disposals (320,435 )
At 30 April 2017 794,291
DEPRECIATION
At 1 May 2016 930,371
Charge for year 61,976
Eliminated on disposal (320,435 )
At 30 April 2017 671,912
NET BOOK VALUE
At 30 April 2017 122,379
At 30 April 2016 177,355


WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2016
and 30 April 2017 2
NET BOOK VALUE
At 30 April 2017 2
At 30 April 2016 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,166,163 972,023
Tax 4,250 4,250
Prepayments 26,526 26,943
1,196,939 1,003,216

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 57,963 26
Hire purchase contracts 58,890 58,890
Trade creditors 497,241 424,675
Tax 119,335 139,190
Social security and other taxes 109,768 138,448
Other creditors 373,415 242,884
Accrued expenses 49,057 43,580
1,265,669 1,047,693

Included within other creditors is an amount of £373,413 (2016 - £192,882) which is secured on the debtors of
the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Hire purchase contracts 7,091 49,638

WPSI GROUP LIMITED (REGISTERED NUMBER: 01257803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2017

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 57,963 26
Secured borrowing 373,413 192,882
431,376 192,908

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
47,000 Ordinary A £1 44,000 44,000
2,000 Ordinary B £1 4,000 4,000
1,000 Ordinary C £1 2,000 2,000
50,000 50,000

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount
to £60,965 (2016 - £129,247).

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £298,000 were paid to the directors .

The controlling party is D S Holder.

13. FIRST YEAR ADOPTION

These financial statements are the first financial statements prepared in accordance with FRS 102, "The
Financial Reporting Standard applicable in the UK and Republic of Ireland". The date of transition to FRS 102
was 1 May 2016. The reported financial position and financial performance for the previous period are not
affected by the transition to FRS 102.