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REGISTERED NUMBER: 02771439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

W.G. Pollard Limited

W.G. Pollard Limited (Registered number: 02771439)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.G. Pollard Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr W G Pollard
Mrs J L Pollard
Mr P Pollard
Mr P Pollard





SECRETARY: Mr W G Pollard





REGISTERED OFFICE: 198 Derby Road
Chesterfield
Derbyshire
S40 2EP





REGISTERED NUMBER: 02771439 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

W.G. Pollard Limited (Registered number: 02771439)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 72,853 80,853
Tangible assets 6 211,342 118,776
Investment property 7 90,174 90,174
374,369 289,803

CURRENT ASSETS
Stocks 22,653 24,892
Debtors 8 368,674 227,408
Cash at bank 239,590 110,478
630,917 362,778
CREDITORS
Amounts falling due within one year 9 (412,661 ) (303,656 )
NET CURRENT ASSETS 218,256 59,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,625

348,925

PROVISIONS FOR LIABILITIES (52,463 ) (29,711 )
NET ASSETS 540,162 319,214

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 539,862 318,914
SHAREHOLDERS' FUNDS 540,162 319,214

W.G. Pollard Limited (Registered number: 02771439)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mrs J L Pollard - Director


W.G. Pollard Limited (Registered number: 02771439)

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

1. STATUTORY INFORMATION

W.G. Pollard 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in the fair value reserve. Properties are valued using open market valuation and valuations are conducted annually by the directors.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


W.G. Pollard Limited (Registered number: 02771439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 81,520
AMORTISATION
At 1 April 2023 667
Charge for year 8,000
At 31 March 2024 8,667
NET BOOK VALUE
At 31 March 2024 72,853
At 31 March 2023 80,853

W.G. Pollard Limited (Registered number: 02771439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 483,166
Additions 129,108
Disposals (13,750 )
At 31 March 2024 598,524
DEPRECIATION
At 1 April 2023 364,390
Charge for year 29,588
Eliminated on disposal (6,796 )
At 31 March 2024 387,182
NET BOOK VALUE
At 31 March 2024 211,342
At 31 March 2023 118,776

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 90,174
NET BOOK VALUE
At 31 March 2024 90,174
At 31 March 2023 90,174

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 356,139 216,079
Other debtors 12,535 11,329
368,674 227,408

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 176,687 100,363
Taxation and social security 216,727 124,001
Other creditors 19,247 79,292
412,661 303,656

W.G. Pollard Limited (Registered number: 02771439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 82,008 82,008
Between one and five years 205,020 287,028
287,028 369,036

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
73 Ordinary A £1 73 74
73 Ordinary B £1 73 73
75 Ordinary C £1 75 75
75 Ordinary D £1 75 75
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
1 Ordinary G £1 1 1
1 Ordinary H £1 1 -
300 300

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Share capital 8 £1 1 -

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following interest free advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P Pollard
Balance outstanding at start of year - 600
Amounts repaid - (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -