Wdj Limited

continues to be the provision of electrical installation and refurbishment services. The group's revenues are generated from the provision of electrical installation and refurbishment services. Turnover has decreased on the previous year and is in line with directors expectations. The group recognised a gross profit for the year of £7,674,407 (2024: £5,406,088) and the results show a pre-tax profit of £1,978,563 (2024: £337,287) on sales of £41,502,714 (2024: £54,524,394). At the year end, the group had net assets of £8,391,535 (2024: £7,132,009). Given the nature of the company's business, the directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the business. The external commercial environment in which the company's subsidiary operates is expected to remain competitive. The directors will continue to seek opportunities to increase profitable turnover, and will focus on managing and mitigating risks to ensure the group is well placed to retain its market position. The management of the business and execution of the group's strategies are subject to a number of risks. The group is well placed to deal with any uncertainties that may arise in the current economic downturn and in response to this, the directors are involved in prudent business planning and working closely with the company's key stakeholders. The key business risks and uncertainties affecting the group are considered to be those that impact on the trading subsidiary, namely industry competition and key employee retention. While the greater part of the group's revenues and expenses are denominated in sterling, the group is exposed to some foreign exchange risk in the normal course of business. While the group has not used financial instruments to hedge foreign exchange exposure, this position is under constant review. Credit risk The group has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reassessed regularly by the board. Liquidity risk The group actively maintains a mixture of long-term and short-term debt finance that is designed to ensure that the group has sufficient funds for operations and planned expansions. Interest rate risk The group has interest bearing liabilities and has a policy of maintaining debt at competitive rates to ensure a reasonable degree of certainty over future interest cash flows. The directors will revisit the appropriateness of this policy should the group's operations change in size or nature.