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REGISTERED NUMBER: 05641502 (England and Wales)











WGP Architects Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






WGP Architects Ltd (Registered number: 05641502)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


WGP Architects Ltd

Company Information
for the Year Ended 31 December 2023







Directors: P J Waind
S N Gohil
J E Potter





Secretary: S N Gohil





Registered office: 20 Keith Grove
London
W12 9EZ





Registered number: 05641502 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

WGP Architects Ltd (Registered number: 05641502)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
Fixed assets
Tangible assets 4 31,466 36,152

Current assets
Debtors 5 273,815 205,711
Cash at bank 166,757 211,820
440,572 417,531
Creditors
Amounts falling due within one year 6 (141,206 ) (141,608 )
Net current assets 299,366 275,923
Total assets less current liabilities 330,832 312,075

Creditors
Amounts falling due after more than one
year

7

(20,000

)

(42,523

)

Provisions for liabilities 8 (6,869 ) (6,869 )
Net assets 303,963 262,683

Capital and reserves
Called up share capital 9 6 6
Share premium 28,338 28,338
Retained earnings 275,619 234,339
Shareholders' funds 303,963 262,683

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

WGP Architects Ltd (Registered number: 05641502)

Balance Sheet - continued
31 December 2023


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 23 September 2024 and were signed on its behalf by:





P J Waind - Director


WGP Architects Ltd (Registered number: 05641502)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

WGP Architects Ltd 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 is measured at the fair value of the consideration received or receivable, excluding value added tax.

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

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.

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.

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the directors and team members. Contributions payable for the year are charged in the profit and loss account.

WGP Architects Ltd (Registered number: 05641502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. Employees and directors

The average number of employees during the year was 16 (2022 - 18 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 January 2023 170,636
Additions 6,696
At 31 December 2023 177,332
Depreciation
At 1 January 2023 134,484
Charge for year 11,382
At 31 December 2023 145,866
Net book value
At 31 December 2023 31,466
At 31 December 2022 36,152

5. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 243,243 176,381
Prepayments and accrued income 30,572 29,330
273,815 205,711

6. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 19,438 24,859
Trade creditors 18,090 7,478
Taxation and social security 98,979 74,042
Other creditors 4,699 35,229
141,206 141,608

WGP Architects Ltd (Registered number: 05641502)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Bank loans 20,000 42,523

8. Provisions for liabilities
31.12.23 31.12.22
£    £   
Deferred tax 6,869 6,869

Deferred
tax
£   
Balance at 1 January 2023 6,869
Balance at 31 December 2023 6,869

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
4 Ordinary "A" £1 4 4
2 Ordinary "B" £1 2 2
6 6