REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
W G S AEROSPACE LIMITED |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
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 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 5 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
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. |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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. | Creditors: amounts falling due within one year |
31/3/24 | 31/3/23 |
£ | £ |
Corporation tax |
Accruals and deferred income |