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REGISTERED NUMBER: 03624077 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

W G S AEROSPACE LIMITED

W G S AEROSPACE LIMITED (REGISTERED NUMBER: 03624077)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W G S AEROSPACE LIMITED

Company Information
for the year ended 31 March 2024







Directors: R S Wood
C E Gray
E L Staloff





Secretary: R S Wood





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 03624077 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

W G S AEROSPACE LIMITED (REGISTERED NUMBER: 03624077)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £ £
Current assets
Debtors 4 5 5
Cash at bank and in hand 6,267 32,558
6,272 32,563
Creditors
Amounts falling due within one year 5 5,288 14,448
Net current assets 984 18,115
Total assets less current liabilities 984 18,115

Capital and reserves
Called up share capital 2 2
Retained earnings 982 18,113
Shareholders' funds 984 18,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





R S Wood - Director


W G S AEROSPACE LIMITED (REGISTERED NUMBER: 03624077)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

W G S Aerospace 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 represents revenue earned from the provision of professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its activities. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The directors have made an assessment of the company's ability to continue as a going concern and have reviewed and considered relevant information, particularly in response to the impact on their business of possible scenarios brought on by the impact of COVID-19, as well as the measures that they can take to mitigate that impact. Based on this assessment, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

W G S AEROSPACE LIMITED (REGISTERED NUMBER: 03624077)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Debtors: amounts falling due within one year
31/3/24 31/3/23
£ £
VAT 5 5

5. Creditors: amounts falling due within one year
31/3/24 31/3/23
£ £
Corporation tax 2,559 11,714
Accruals and deferred income 2,729 2,734
5,288 14,448