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REGISTERED NUMBER: 07866637 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2022 to 31 December 2023

for

W4g Ltd

W4g Ltd (Registered number: 07866637)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W4g Ltd

Company Information
for the Period 1 December 2022 to 31 December 2023







DIRECTOR: Mr S L Manning





REGISTERED OFFICE: 12b Earlstrees Road
Earlstrees Industrial Estate
Corby
NN17 4AZ





REGISTERED NUMBER: 07866637 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

W4g Ltd (Registered number: 07866637)

Balance Sheet
31 December 2023

31/12/23 30/11/22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 3,296 25,577

CURRENT ASSETS
Stocks - 1,903
Debtors 5 155,309 129,500
Cash at bank 26,126 25,928
181,435 157,331
CREDITORS
Amounts falling due within one year 6 57,248 48,610
NET CURRENT ASSETS 124,187 108,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,483

134,298

PROVISIONS FOR LIABILITIES 626 4,860
NET ASSETS 126,857 129,438

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 126,855 129,436
126,857 129,438

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W4g Ltd (Registered number: 07866637)

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





Mr S L Manning - Director


W4g Ltd (Registered number: 07866637)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

W4g 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 discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 2 ) .

W4g Ltd (Registered number: 07866637)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2022 40,236
Disposals (33,300 )
At 31 December 2023 6,936
DEPRECIATION
At 1 December 2022 14,659
Charge for period 969
Eliminated on disposal (11,988 )
At 31 December 2023 3,640
NET BOOK VALUE
At 31 December 2023 3,296
At 30 November 2022 25,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 30/11/22
£ £
Trade debtors 5,973 31,093
Other debtors 149,336 98,407
155,309 129,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 30/11/22
£ £
Trade creditors 1,925 -
Taxation and social security 51,332 46,860
Other creditors 3,991 1,750
57,248 48,610

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 December 2023 and the year ended 30 November 2022:

31/12/23 30/11/22
£ £
Mr S L Manning
Balance outstanding at start of period 71,154 10,153
Amounts advanced 156,453 67,367
Amounts repaid (85,132 ) (6,366 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 142,475 71,154

W4g Ltd (Registered number: 07866637)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss S Randall
Balance outstanding at start of period 19,289 -
Amounts advanced 74,382 31,890
Amounts repaid (93,671 ) (12,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 19,289

Interest on the above loan has been charged at 3%.