PWG CONNECTIONS LTD

Company Registration Number:
06237465 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

PWG CONNECTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

PWG CONNECTIONS LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 471,975 483,775
Total fixed assets: 471,975 483,775
Current assets
Stocks: 30,166 52,475
Debtors:   1,375,251 1,025,499
Cash at bank and in hand: 1,307,424 529,386
Total current assets: 2,712,841 1,607,360
Creditors: amounts falling due within one year:   (1,743,974) (932,990)
Net current assets (liabilities): 968,867 674,370
Total assets less current liabilities: 1,440,842 1,158,145
Creditors: amounts falling due after more than one year:   (10,000) (20,000)
Total net assets (liabilities): 1,430,842 1,138,145
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,430,742 1,138,045
Shareholders funds: 1,430,842 1,138,145

The notes form part of these financial statements

PWG CONNECTIONS LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 February 2025
and signed on behalf of the board by:

Name: P Groves
Status: Director

The notes form part of these financial statements

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 15% reducing balance Fittings fixtures and equipment - 15% reducing balance Motor vehicles - 25% reducing balance

Other accounting policies

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 28 28

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 775,570
Additions 138,297
Disposals (89,910)
At 31 May 2024 823,957
Depreciation
At 01 June 2023 291,795
Charge for year 112,377
On disposals (52,190)
At 31 May 2024 351,982
Net book value
At 31 May 2024 471,975
At 31 May 2023 483,775

PWG CONNECTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Related party transactions

Name of the related party: S3NVentus Ltd
Relationship:
A company in which Mr P Groves is a shareholder
Description of the Transaction: The transaction was monies advanced
£
Balance at 01 June 2023 160,357
Balance at 31 May 2024 156,001