Company registration number: 12464918
Unaudited financial statements
for the year ended 31 March 2024
for
W6 Resources Ltd
Pages for filing with the Registrar
Company registration number: 12464918
W6 Resources Ltd
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 128,587 69,605
Investments 5 9,383 9,383
137,970 78,988
Current assets
Debtors 272,948 399,380
Cash at bank and in hand 552,561 578,051
825,509 977,431
Creditors: amounts falling due within
one year
(384,550) (457,184)
Net current assets 440,959 520,247
Total assets less current liabilities 578,929 599,235
Creditors: Amounts falling due after
more than one year
(25,724) -
NET ASSETS 553,205 599,235
Capital and reserves
Called up share capital 100 100
Profit and loss account 553,105 599,135
TOTAL EQUITY 553,205 599,235
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12464918
W6 Resources Ltd
Balance sheet - continued
as at 31 March 2024
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 to the Registrar.
Signed by:
Mr J Whitby, Director
4 December 2024
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W6 Resources Ltd
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
W6 Resources Ltd is a private company registered in England and Wales. Its registered number is 12464918. The company is limited by shares. Its registered office is Hillier Hopkins LLP, Radius House, Watford, Hertfordshire, WD17 1HP.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% straight line
Plant and machinery etc.:
Fixtures & fittings - 20% straight line
Motor vehicles - 10% reducing balance
Computer equipment - 20% straight line
Taxation
Taxation for the year comprises current taxation. 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 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.
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W6 Resources Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or lossover the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was 3 (2023 - 2).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 April 2023 - 85,883 85,883
Additions 18,785 100,536 119,321
Disposals - (62,190) (62,190)
At 31 March 2024 18,785 124,229 143,014
Depreciation
At 1 April 2023 - 16,278 16,278
Charge for year - 13,735 13,735
Eliminated on disposal - (15,586) (15,586)
At 31 March 2024 - 14,427 14,427
Net book value
At 31 March 2024 18,785 109,802 128,587
At 31 March 2023 - 69,605 69,605
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W6 Resources Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
5 Fixed asset investments
Investments other than loans
Other

investments
other than lo
£
Cost
At 1 April 2023 9,383
At 31 March 2024 9,383
Net book value
At 31 March 2024 9,383
At 31 March 2023 9,383
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023.
2024 2023
£ £
Mr John Whitby
Balance outstanding at start of year 34,446 -
Amounts advanced - 34,446
Amounts repaid (33,392) -
Balance outstanding at end of year 1,054 34,446
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