Company registration number 06384999 (England and Wales)
WILGATE PLANT & SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Pages For Filing With Registrar
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Company Information
Directors
R J Andrews
T G Janes
Secretary
T G Janes
Company number
06384999
Registered office
Chavereys Limited
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Accountants
Chavereys Limited
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Business address
Wilgate Green Farm
Throwley
Faversham
Kent
England
ME13 0PW
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Contents
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of Wilgate Plant & Services Limited For The Year Ended 30 September 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wilgate Plant & Services Limited for the year ended 30 September 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Wilgate Plant & Services Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Wilgate Plant & Services Limited and state those matters that we have agreed to state to the board of directors of Wilgate Plant & Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wilgate Plant & Services Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Wilgate Plant & Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wilgate Plant & Services Limited. You consider that Wilgate Plant & Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wilgate Plant & Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chavereys Limited
11 April 2025
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Balance Sheet
As At 30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
2,376,871
2,071,858
Current assets
Debtors
6
736,578
679,925
Cash at bank and in hand
600,124
505,052
1,336,702
1,184,977
Creditors: amounts falling due within one year
7
(236,779)
(183,755)
Net current assets
1,099,923
1,001,222
Total assets less current liabilities
3,476,794
3,073,080
Provisions for liabilities
(584,403)
(507,523)
Net assets
2,892,391
2,565,557
Capital and reserves
Called up share capital
1,010
1,010
Profit and loss reserves
2,891,381
2,564,547
Total equity
2,892,391
2,565,557

The notes on pages 4 to 8 form part of these financial statements.

Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Balance Sheet (Continued)
As At 30 September 2024
- 3 -

For the financial year ended 30 September 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 April 2025 and are signed on its behalf by:
R J Andrews
Director
Company registration number 06384999 (England and Wales)
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Notes To The Financial Statements
For The Year Ended 30 September 2024
- 4 -
1
Accounting policies
Company information

Wilgate Plant & Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chavereys Limited, The Goods Shed, Jubilee Way, Faversham, Kent, England, ME13 8GD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company

and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration

received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
150,617
109,152
Adjustments in respect of prior periods
(801)
-
0
Total current tax
149,816
109,152
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
3
Taxation
2024
2023
£
£
(Continued)
- 6 -
Deferred tax
Origination and reversal of timing differences
76,880
57,411
Total tax charge
226,696
166,563
4
Dividends
2024
2023
£
£
Final paid
350,000
479,500
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023
3,369,593
46,984
465,715
3,882,292
Additions
918,582
-
0
100,604
1,019,186
Disposals
(342,500)
-
0
(52,310)
(394,810)
At 30 September 2024
3,945,675
46,984
514,009
4,506,668
Depreciation and impairment
At 1 October 2023
1,619,207
15,480
175,747
1,810,434
Depreciation charged in the year
495,970
7,949
85,105
589,024
Eliminated in respect of disposals
(242,354)
-
0
(27,307)
(269,661)
At 30 September 2024
1,872,823
23,429
233,545
2,129,797
Carrying amount
At 30 September 2024
2,072,852
23,555
280,464
2,376,871
At 30 September 2023
1,750,386
31,504
289,968
2,071,858
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
466,235
469,092
Other debtors
52,273
-
0
Prepayments and accrued income
218,070
210,833
736,578
679,925
7
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
8
-
0
6,844
Trade creditors
63,538
37,753
Corporation tax
150,618
109,152
Other taxation and social security
10,365
16,425
Other creditors
8,033
9,381
Accruals and deferred income
4,225
4,200
236,779
183,755
8
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
-
0
6,844
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
584,403
507,523
Wilgate Plant & Services Limited
WILGATE PLANT & SERVICES LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
9
Deferred taxation
(Continued)
- 8 -
2024
Movements in the year:
£
Liability at 1 October 2023
507,523
Charge to profit or loss
76,880
Liability at 30 September 2024
584,403
10
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
751
751

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

 

Contributions totalling £146 (2023 - £146) were payable to the fund at the balance sheet date and are included in other creditors.

 

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