WG TANKER HIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
WG Tanker Hire Limited is a company limited by shares, registered in England and Wales, registered number 03803637. The registered office and principal place of business is Woodyard Lane, Foston, Derbyshire, DE65 5PY.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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Cash and cash equivalents
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The Company is controlled by WG Tanker Group Limited, by virtue of its 100% shareholding in the Company. WG Tanker Group Limited is controlled by WGTS Holdings Limited, by virtue of its 100% shareholding, their registered office address is Woodyard Lane, Foston, Derbyshire, DE65 5PY.
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