Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07355640 Mr William Baynes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07355640 2023-01-31 07355640 2024-01-31 07355640 2023-02-01 2024-01-31 07355640 frs-core:CurrentFinancialInstruments 2024-01-31 07355640 frs-core:PlantMachinery 2024-01-31 07355640 frs-core:PlantMachinery 2023-02-01 2024-01-31 07355640 frs-core:PlantMachinery 2023-01-31 07355640 frs-core:ShareCapital 2024-01-31 07355640 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07355640 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07355640 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07355640 frs-bus:SmallEntities 2023-02-01 2024-01-31 07355640 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07355640 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07355640 frs-bus:Director1 2023-02-01 2024-01-31 07355640 frs-bus:Director1 2023-01-31 07355640 frs-bus:Director1 2024-01-31 07355640 frs-countries:EnglandWales 2023-02-01 2024-01-31 07355640 2022-01-31 07355640 2023-01-31 07355640 2022-02-01 2023-01-31 07355640 frs-core:CurrentFinancialInstruments 2023-01-31 07355640 frs-core:ShareCapital 2023-01-31 07355640 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07355640
WGB Drafting Limited
Financial Statements
For The Year Ended 31 January 2024
Hill Wooldridge Accountants Ltd
Chartered Certified Accountants
55 Crown Street
Brentwood
Essex
CM14 4BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07355640
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 5 18,574 18,574
Cash at bank and in hand 8 8
18,582 18,582
Creditors: Amounts Falling Due Within One Year 6 (4,832 ) (4,832 )
NET CURRENT ASSETS (LIABILITIES) 13,750 13,750
TOTAL ASSETS LESS CURRENT LIABILITIES 13,751 13,751
NET ASSETS 13,751 13,751
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 13,651 13,651
SHAREHOLDERS' FUNDS 13,751 13,751
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Baynes
Director
31st October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WGB Drafting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07355640 . The registered office is 12a Stanley Close, Gidea Park, Romford, RM2 5DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% of cost per year
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 2,566
As at 31 January 2024 2,566
Depreciation
As at 1 February 2023 2,565
As at 31 January 2024 2,565
Net Book Value
As at 31 January 2024 1
As at 1 February 2023 1
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,429 1,429
Director's loan account 17,145 17,145
18,574 18,574
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,216 3,216
VAT 501 501
Accruals and deferred income 1,115 1,115
4,832 4,832
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr William Baynes 17,145 - - - -
The above loan is unsecured and repayable on demand. Interest has been charged at the official beneficial loan interest rate applicable for the year.
Page 4