1 August 2022 false No description of principal activity Taxfiler 2023.11.1 SC166899business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC1668992022-07-31 SC1668992022-08-012023-07-31 SC166899business:AuditExemptWithAccountantsReport2022-08-012023-07-31 SC166899business:AbridgedAccounts2022-08-012023-07-31 SC1668992023-07-31 SC166899business:Director12022-08-012023-07-31 SC166899business:CompanySecretary12022-08-012023-07-31 SC166899business:RegisteredOffice2022-08-012023-07-31 SC1668992022-07-31 SC166899core:WithinOneYear2023-07-31 SC166899core:WithinOneYear2022-07-31 SC166899core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC166899core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC166899core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC166899core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC166899core:PreviouslyStatedAmount2023-07-31 SC166899core:PreviouslyStatedAmount2022-07-31 SC166899business:SmallEntities2022-08-012023-07-31 SC166899countries:Scotland2022-08-012023-07-31 SC166899core:PlantMachinery2022-08-012023-07-31 SC166899core:MotorVehicles2022-08-012023-07-31 SC166899core:FurnitureFittings2022-08-012023-07-31 SC166899core:MoreThanFiveYears2023-07-31 SC166899core:MoreThanFiveYears2022-07-31 SC1668992021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC166899 (Scotland)
W M G (Communications) Limited Unaudited accounts for the year ended 31 July 2023
W M G (Communications) Limited Unaudited accounts Contents
Page
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W M G (Communications) Limited Company Information for the year ended 31 July 2023
Director
D Etherington
Secretary
J Etherington
Company Number
SC166899 (Scotland)
Registered Office
11 Balconie Street Evanton Dingwall IV16 9UN
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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W M G (Communications) Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
257 
63,782 
Cash at bank and in hand
118,828 
239,474 
119,085 
303,256 
Creditors: amounts falling due within one year
(2,025)
(104,243)
Net current assets
117,060 
199,013 
Net assets
117,060 
199,013 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
117,058 
199,011 
Shareholders' funds
117,060 
199,013 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 January 2024 and were signed on its behalf by
D Etherington Director Company Registration No. SC166899
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W M G (Communications) Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
W M G (Communications) Limited is a private company, limited by shares, registered in Scotland, registration number SC166899. The registered office is 11 Balconie Street, Evanton, Dingwall, IV16 9UN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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W M G (Communications) Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
1,508 
Disposals
(1,508)
At 31 July 2023
- 
Depreciation
At 1 August 2022
1,508 
On disposals
(1,508)
At 31 July 2023
- 
Net book value
At 31 July 2023
- 
5
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 July 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than five years
- 
112,375 
6
Average number of employees
During the year the average number of employees was 0 (2022: 3).
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