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Registered number: 12657314
Wgr Transport Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
67 Meridian Centre
Havant
Hampshire
PO9 1UN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12657314
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 209,938 181,928
209,938 181,928
CURRENT ASSETS
Debtors 5 15,382 13,028
Cash at bank and in hand 67,747 56,850
83,129 69,878
Creditors: Amounts Falling Due Within One Year 6 (86,043 ) (90,439 )
NET CURRENT ASSETS (LIABILITIES) (2,914 ) (20,561 )
TOTAL ASSETS LESS CURRENT LIABILITIES 207,024 161,367
Creditors: Amounts Falling Due After More Than One Year 7 (608,991 ) (249,085 )
NET LIABILITIES (401,967 ) (87,718 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (402,067 ) (87,818 )
SHAREHOLDERS' FUNDS (401,967) (87,718)
Page 1
Page 2
For the year ending 30 June 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 Iulian NACU
Director
18/07/2024
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
Wgr Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12657314 . The registered office is Wychwood Carp Farm Farnham Road, Odiham, Hook, RG29 1HS.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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% straight line
Motor Vehicles 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 - 217,823 217,823
Additions 69,040 - 69,040
As at 30 June 2024 69,040 217,823 286,863
Depreciation
As at 1 July 2023 - 35,895 35,895
Provided during the period 15,385 25,645 41,030
As at 30 June 2024 15,385 61,540 76,925
Net Book Value
As at 30 June 2024 53,655 156,283 209,938
As at 1 July 2023 - 181,928 181,928
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
VAT 15,382 13,028
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,594 8,594
Bank loans and overdrafts - 15,496
Director's loan account 77,449 66,349
86,043 90,439
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 608,991 -
Bank loans - 249,085
608,991 249,085
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4