WA Global Consulting Limited 09106573 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is business consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 09106573 2023-04-01 2024-03-31 09106573 2024-03-31 09106573 core:RetainedEarningsAccumulatedLosses 2024-03-31 09106573 core:ShareCapital 2024-03-31 09106573 core:CurrentFinancialInstruments 2024-03-31 09106573 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09106573 core:FurnitureFittings 2024-03-31 09106573 bus:SmallEntities 2023-04-01 2024-03-31 09106573 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09106573 bus:FullAccounts 2023-04-01 2024-03-31 09106573 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09106573 bus:RegisteredOffice 2023-04-01 2024-03-31 09106573 bus:Director1 2023-04-01 2024-03-31 09106573 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09106573 core:FurnitureFittings 2023-04-01 2024-03-31 09106573 core:OfficeEquipment 2023-04-01 2024-03-31 09106573 countries:EnglandWales 2023-04-01 2024-03-31 09106573 2023-03-31 09106573 core:FurnitureFittings 2023-03-31 09106573 2022-07-01 2023-03-31 09106573 2023-03-31 09106573 core:RetainedEarningsAccumulatedLosses 2023-03-31 09106573 core:ShareCapital 2023-03-31 09106573 core:CurrentFinancialInstruments 2023-03-31 09106573 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09106573 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09106573

WA Global Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

WA Global Consulting Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

WA Global Consulting Limited

(Registration number: 09106573)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,400

6,862

Current assets

 

Stocks

5

-

59,781

Debtors

6

24,918

86,312

Cash at bank and in hand

 

211,796

440,967

 

236,714

587,060

Creditors: Amounts falling due within one year

7

(14,000)

(110,153)

Net current assets

 

222,714

476,907

Total assets less current liabilities

 

228,114

483,769

Provisions for liabilities

(1,350)

(1,304)

Net assets

 

226,764

482,465

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

226,664

482,365

Shareholders' funds

 

226,764

482,465

 

WA Global Consulting Limited

(Registration number: 09106573)
Balance Sheet as at 31 March 2024

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 and the option not to file the Profit and Loss Account and Directors Report has been taken.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................
Mr Anthony Shaun Wilson
Director

 

WA Global Consulting 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 and Wales.

The address of its registered office is:
23 Mill Rise
Kidsgrove
Stoke-On-Trent
Staffordshire
ST7 4UR
England

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of business consultancy services. Turnover is shown net of value added tax, 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.

 

WA Global Consulting Limited

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

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

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.

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.

 

WA Global Consulting Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

13,725

13,725

Additions

339

339

At 31 March 2024

14,064

14,064

Depreciation

At 1 April 2023

6,863

6,863

Charge for the year

1,801

1,801

At 31 March 2024

8,664

8,664

Carrying amount

At 31 March 2024

5,400

5,400

At 31 March 2023

6,862

6,862

5

Stocks

2024
£

2023
£

Work in progress

-

59,781

6

Debtors

2024
£

2023
£

Trade debtors

-

63,988

Other debtors

24,918

22,324

24,918

86,312

 

WA Global Consulting Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

17,310

Taxation and social security

-

84,626

Other creditors

14,000

8,217

14,000

110,153