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REGISTERED NUMBER: 03190804 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

A.C.Wilgar Limited

A.C.Wilgar Limited (Registered number: 03190804)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.C.Wilgar Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: W A C Wilgar





REGISTERED OFFICE: Unit 1
Metro Centre
Bridge Road
Orpington
Kent
BR5 2BE





REGISTERED NUMBER: 03190804 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

A.C.Wilgar Limited (Registered number: 03190804)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 186,888 181,911
186,888 181,911

CURRENT ASSETS
Stocks 53,500 34,350
Debtors 6 456,953 445,208
Cash at bank and in hand 358,878 570,307
869,331 1,049,865
CREDITORS
Amounts falling due within one year 7 (480,389 ) (597,166 )
NET CURRENT ASSETS 388,942 452,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,830

634,610

PROVISIONS FOR LIABILITIES (32,979 ) (30,480 )
NET ASSETS 542,851 604,130

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 542,751 604,030
SHAREHOLDERS' FUNDS 542,851 604,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A.C.Wilgar Limited (Registered number: 03190804)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





W A C Wilgar - Director


A.C.Wilgar Limited (Registered number: 03190804)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

A.C.Wilgar 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 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.

INTANGIBLE FIXED ASSETS
Intangible fixed assets are being amortised evenly over its estimated useful life of four years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on 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.

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.

A.C.Wilgar Limited (Registered number: 03190804)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 1 April 2022
and 31 March 2023 30,000 22,163 52,163
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000 22,163 52,163
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 April 2022 72,766 74,963 169,014 423,092 739,835
Additions - 1,200 5,831 182,427 189,458
Disposals - - (572 ) (129,516 ) (130,088 )
At 31 March 2023 72,766 76,163 174,273 476,003 799,205
DEPRECIATION
At 1 April 2022 51,275 66,561 150,271 289,817 557,924
Charge for year 8,179 4,008 7,852 59,786 79,825
Eliminated on disposal - - (191 ) (25,241 ) (25,432 )
At 31 March 2023 59,454 70,569 157,932 324,362 612,317
NET BOOK VALUE
At 31 March 2023 13,312 5,594 16,341 151,641 186,888
At 31 March 2022 21,491 8,402 18,743 133,275 181,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Trade debtors 57,217 122,654
Other debtors 399,736 322,554
456,953 445,208

A.C.Wilgar Limited (Registered number: 03190804)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Bank loans and overdrafts - 2,805
Trade creditors 260,200 190,551
Taxation and social security 184,215 249,343
Other creditors 35,974 154,467
480,389 597,166

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£ £
Within one year 42,000 42,000
Between one and five years 98,000 140,000
140,000 182,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £ £
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

W. A. C. Wilgar - Director and shareholder in the company.

During the year, dividends of £Nil (2022 - £Nil) were declared and paid to Mr W. A. C. Wilgar.

At the year end, the company was owed £251,643 by Mr W. A. C. Wilgar (2022 - £227,632).

Interest is charged at 2.5% on the above loan. The loan is repayable on demand.

WB Solutions Ltd - A company controlled by Mr W. A. C. Wilgar

At the year end, the company was owed £2,366 (2022 - £1,635) by WB Solutions Ltd.

The above loan is interest free and repayable on demand.

W. A. C. Wilgar Holdings Ltd - Parent company

W. A. C. Wilgar Holdings Ltd is registered in England and Wales and the company registration number is 12524788.

The registered office address of W. A. C. Wilgar Holdings Ltd is Unit 1, Metro Centre, Bridge Road, Orpington, Kent BR5 2BE.

During the year the company paid dividends of £302,000 (2022 - £857,000) to W. A. C. Wilgar Holdings Ltd.

At the year end, the company owed £848 to W. A. C. Wilgar Holdings Ltd (2022 - £878 was owed by W. A. C. WIlgar Holdings Ltd). This loan carries no interest and is repayable on demand.

A.C.Wilgar Limited (Registered number: 03190804)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. ULTIMATE CONTROLLING PARTY

Mr W.A.C. Wilgar controls the company by virtue of his shareholding.