21 March 2023 false No description of principal activity Taxfiler 2024.6 14746627business:PrivateLimitedCompanyLtd2023-03-212024-03-31 147466272023-03-20 147466272023-03-212024-03-31 14746627business:AuditExemptWithAccountantsReport2023-03-212024-03-31 14746627business:FilletedAccounts2023-03-212024-03-31 147466272024-03-31 14746627business:Director12023-03-212024-03-31 14746627business:RegisteredOffice2023-03-212024-03-31 14746627core:WithinOneYear2024-03-31 14746627core:AfterOneYear2024-03-31 14746627core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14746627core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14746627core:PreviouslyStatedAmount2024-03-31 14746627business:SmallEntities2023-03-212024-03-31 14746627countries:EnglandWales2023-03-212024-03-31 14746627core:MotorVehicles2023-03-212024-03-31 14746627core:MotorVehicles2023-03-20 14746627core:MotorVehicles2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14746627 (England and Wales)
WG Bed Components Ltd Accounts for the period from 21 March 2023 to 31 March 2024
WG Bed Components Ltd Accounts Contents
Page
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WG Bed Components Ltd Company Information for the period from 21 March 2023 to 31 March 2024
Director
Mr K M Shafi
Company Number
14746627 (England and Wales)
Registered Office
Branch House 31 Branch Road Batley West Yorkshire WF17 5SB United Kingdom
Accountants
CGI Accountants Ltd Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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WG Bed Components Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
4,000 
Current assets
Inventories
44,570 
Debtors
20,169 
Cash at bank and in hand
23,359 
88,098 
Creditors: amounts falling due within one year
(25,882)
Net current assets
62,216 
Total assets less current liabilities
66,216 
Creditors: amounts falling due after more than one year
(56,815)
Net assets
9,401 
Capital and reserves
Called up share capital
100 
Profit and loss account
9,301 
Shareholders' funds
9,401 
For the period ending 31 March 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 January 2025 and were signed on its behalf by
Mr K M Shafi Director Company Registration No. 14746627
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WG Bed Components Ltd Notes to the Accounts for the period from 21 March 2023 to 31 March 2024
1
Statutory information
WG Bed Components Ltd is a private company, limited by shares, registered in England and Wales, registration number 14746627. The registered office is Branch House, 31 Branch Road, Batley, West Yorkshire, WF17 5SB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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WG Bed Components Ltd Notes to the Accounts for the period from 21 March 2023 to 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 21 March 2023
- 
Additions
5,000 
At 31 March 2024
5,000 
Depreciation
Charge for the period
1,000 
At 31 March 2024
1,000 
Net book value
At 31 March 2024
4,000 
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Trade debtors
20,169 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
12,638 
Taxes and social security
1,244 
Loans from directors
12,000 
25,882 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Loans from directors
56,815 
8
Average number of employees
During the period the average number of employees was 0.
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