Caseware UK (AP4) 2023.0.135 2023.0.135 3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-08-01falsePlumbing, heat and air-conditioning installation3falsetruefalse 08618904 2023-08-01 2024-07-31 08618904 2022-08-01 2023-07-31 08618904 2024-07-31 08618904 2023-07-31 08618904 c:Director1 2023-08-01 2024-07-31 08618904 d:PlantMachinery 2023-08-01 2024-07-31 08618904 d:PlantMachinery 2024-07-31 08618904 d:PlantMachinery 2023-07-31 08618904 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08618904 d:MotorVehicles 2023-08-01 2024-07-31 08618904 d:MotorVehicles 2024-07-31 08618904 d:MotorVehicles 2023-07-31 08618904 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08618904 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 08618904 d:CurrentFinancialInstruments 2024-07-31 08618904 d:CurrentFinancialInstruments 2023-07-31 08618904 d:Non-currentFinancialInstruments 2024-07-31 08618904 d:Non-currentFinancialInstruments 2023-07-31 08618904 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 08618904 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08618904 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 08618904 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 08618904 d:ShareCapital 2024-07-31 08618904 d:ShareCapital 2023-07-31 08618904 d:RetainedEarningsAccumulatedLosses 2024-07-31 08618904 d:RetainedEarningsAccumulatedLosses 2023-07-31 08618904 c:FRS102 2023-08-01 2024-07-31 08618904 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 08618904 c:FullAccounts 2023-08-01 2024-07-31 08618904 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08618904 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 08618904









WEST MIDLANDS GAS LTD







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2024

 
WEST MIDLANDS GAS LTD
 
 
  
Report to the director on the preparation of the unaudited statutory financial statements of West Midlands Gas Ltd for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Midlands Gas Ltd for the year ended 31 July 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of West Midlands Gas Ltd in accordance with the terms of our engagement letter dated 29 April 2025Our work has been undertaken solely to prepare for your approval the financial statements of West Midlands Gas Ltd and state those matters that we have agreed to state to the director of West Midlands Gas Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Midlands Gas Ltd and its director for our work or for this report. 

It is your duty to ensure that West Midlands Gas Ltd 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 loss of West Midlands Gas Ltd. You consider that West Midlands Gas Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of West Midlands Gas Ltd. 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.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP
29 April 2025
Page 1

 
WEST MIDLANDS GAS LTD
Registered number: 08618904

Balance sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,555
2,179

  
1,555
2,179

Current assets
  

Debtors: amounts falling due within one year
 5 
128,333
128,332

  
128,333
128,332

Creditors: amounts falling due within one year
 6 
(286,272)
(261,603)

Net current liabilities
  
 
 
(157,939)
 
 
(133,271)

Total assets less current liabilities
  
(156,384)
(131,092)

Creditors: amounts falling due after more than one year
 7 
(8,259)
(8,229)

  

Net liabilities
  
(164,643)
(139,321)

Page 2

 
WEST MIDLANDS GAS LTD
Registered number: 08618904
    
Balance sheet (continued)
As at 31 July 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(164,743)
(139,421)

  
(164,643)
(139,321)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 April 2025.




Amjid Hussain
Director

Page 3

 
WEST MIDLANDS GAS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2024

1.


General information

West Midlands Gas Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 08618904. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, West Midlands, B16 8SP. The principal activity of the company in the year under review was that of a gas and plumbing business.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.
 

Page 4

 
WEST MIDLANDS GAS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
WEST MIDLANDS GAS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
Straight line basis
Motor vehicles
-
10%
Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 6

 
WEST MIDLANDS GAS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 August 2023
1,216
5,800
7,016



At 31 July 2024

1,216
5,800
7,016



Depreciation


At 1 August 2023
1,174
3,663
4,837


Charge for the year on owned assets
42
582
624



At 31 July 2024

1,216
4,245
5,461



Net book value



At 31 July 2024
-
1,555
1,555



At 31 July 2023
42
2,137
2,179


5.


Debtors

2024
2023
£
£


Trade debtors
6,833
6,832

Prepayments and accrued income
121,500
121,500

128,333
128,332


Page 7

 
WEST MIDLANDS GAS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 July 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
920
1,898

Bank loans
-
5,328

Trade creditors
11,593
6,646

Other taxation and social security
1,077
503

Other creditors
272,682
247,228

286,272
261,603



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,259
8,229

8,259
8,229



8.


Related party transactions

A Hussain is a director and shareholder of the Company. 
During the period, the director has provided loans of £25,658 from the company. As at the balance sheet date, the company owed the director £272,682 (2023: £247,024)  which is shown in creditors due within one year. 
The above loan is repayable by the Company on demand and therefore there is no significant difference between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

 
Page 8