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Registered Number: 14714867
England and Wales

 

 

 

WILD GOAT GEAR LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 08 March 2023

End date: 31 March 2024
Director Wayne Hall
Registered Number 14714867
Registered Office 124 City Road
London
United Kingdom
EC1V 2NX
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 March 2024. The copmpany was incorporated on 8th March 2023.
Principal activities
Principal activity of the company during the financial period was of the sale of clothing.
Director
The director who served the company throughout the period was as follows:
Wayne Hall

On behalf of the board.


----------------------------------
Wayne Hall
Director

Date approved: 17 January 2025
2
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 267 
267 
Current assets    
Cash at bank and in hand 177 
Creditors: amount falling due within one year 4 (33,462)
Net current assets (33,285)
 
Total assets less current liabilities (33,018)
Provisions for liabilities 5 6,274 
Net assets (26,744)
 

Capital and reserves
   
Called up share capital 1 
Profit and loss account (26,745)
Shareholders' funds (26,744)
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 17 January 2025 and were signed by:


-------------------------------
Wayne Hall
Director
3
General Information
Wild Goat Gear Ltd is a private company, limited by shares, registered in England and Wales, registration number 14714867, registration address 124 City Road, London, United Kingdom, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in compliance 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 as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Going concern basis
The company meets its day to day working capital requirements partially through the continued support of its director. The director has considered the projected cash flow information for the company during the foreseeable post year-end period. On the basis of this cash flow information, the director considers that the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to this matter. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the company's creditors and director. 
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 08 March 2023  
Additions 350    350 
Disposals  
At 31 March 2024 350    350 
Depreciation
At 08 March 2023  
Charge for period 83    83 
On disposals  
At 31 March 2024 83    83 
Net book values
Closing balance as at 31 March 2024 267    267 
Opening balance as at 08 March 2023  


4.

Creditors: amount falling due within one year

2024
£
Bank Loans & Overdrafts
Accrued Expenses 1,201 
Directors' Current Accounts 32,261 
33,462 

5.

Provisions for liabilities

2024
£
Deferred Tax (6,274)
(6,274)

4