WWG (Lutterworth) Limited 07133845 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of shares and property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 07133845 2023-04-01 2024-03-31 07133845 2024-03-31 07133845 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2024-03-31 07133845 core:CurrentFinancialInstruments 2024-03-31 07133845 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07133845 core:MotorVehicles 2024-03-31 07133845 bus:SmallEntities 2023-04-01 2024-03-31 07133845 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07133845 bus:FilletedAccounts 2023-04-01 2024-03-31 07133845 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07133845 bus:RegisteredOffice 2023-04-01 2024-03-31 07133845 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 07133845 bus:Director2 2023-04-01 2024-03-31 07133845 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07133845 core:MotorVehicles 2023-04-01 2024-03-31 07133845 countries:AllCountries 2023-04-01 2024-03-31 07133845 2022-04-01 2023-03-31 07133845 2023-03-31 07133845 core:CurrentFinancialInstruments 2023-03-31 07133845 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07133845

WWG (Lutterworth) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

WWG (Lutterworth) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

WWG (Lutterworth) Limited

Company Information

Directors

Mr N T A Wright

Mr J A Wright

Company secretary

Mr N T A Wright

Registered office

Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

Accountants

Wychbury Greaves
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA

 

WWG (Lutterworth) Limited

(Registration number: 07133845)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

29,991

-

Current assets

 

Stocks

6

175,371

-

Debtors

37,453

-

Other financial assets

5

422,201

585,653

Cash at bank and in hand

 

510,113

703,248

 

1,145,138

1,288,901

Creditors: Amounts falling due within one year

(830,571)

(879,046)

Net current assets

 

314,567

409,855

Net assets

 

344,558

409,855

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

344,557

409,854

Shareholders' funds

 

344,558

409,855

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2024 and signed on its behalf by:
 

.........................................
Mr N T A Wright
Company secretary and director

 

WWG (Lutterworth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA
England

These financial statements were authorised for issue by the Board on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

WWG (Lutterworth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

WWG (Lutterworth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

31,990

31,990

At 31 March 2024

31,990

31,990

Depreciation

Charge for the year

1,999

1,999

At 31 March 2024

1,999

1,999

Carrying amount

At 31 March 2024

29,991

29,991

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 April 2023

585,653

585,653

Additions

60,000

60,000

Disposals

(223,452)

(223,452)

At 31 March 2024

422,201

422,201

Impairment

Carrying amount

At 31 March 2024

422,201

422,201

6

Stocks

2024
£

2023
£

Work in progress

175,371

-

7

Share capital

Allotted, called up and fully paid shares

 

WWG (Lutterworth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1