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REGISTERED NUMBER: 09011642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WAGNER RENEWABLES LTD

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAGNER RENEWABLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M E Osborne
O Ross
M Wells





REGISTERED OFFICE: Unit 1B Keynor Farm
Chalk Lane
Sidlesham
Chichester
West Sussex
PO20 7LL





REGISTERED NUMBER: 09011642 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 124,770 97,198
Investments 5 4,000 4,000
128,770 101,198

CURRENT ASSETS
Stocks 443,719 599,595
Debtors 6 196,659 363,439
Prepayments and accrued income 24,412 65,038
Cash at bank 95,461 375,233
760,251 1,403,305
CREDITORS
Amounts falling due within one year 7 140,958 563,337
NET CURRENT ASSETS 619,293 839,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,063

941,166

CREDITORS
Amounts falling due after more than one year 8 (50,622 ) (77,424 )

PROVISIONS FOR LIABILITIES 9 (31,193 ) (24,300 )

ACCRUALS AND DEFERRED INCOME (5,160 ) (16,514 )
NET ASSETS 661,088 822,928

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 661,086 822,926
SHAREHOLDERS' FUNDS 661,088 822,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





M E Osborne - Director


WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Wagner Renewables Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade and other discounts.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch or collection of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred
or to be incurred in respect of the transaction can be measured reliably.

Rendering of services and construction contracts
Turnover from rendering of services and construction contracts is recognised when the outcome of a service or contract can be measured reliably, the entity will recognise both income and costs by reference to the percentage of completion of the service or contract.

The methods used to determine the stage of completion are:

- the proportion that costs incurred for work performed to date bear to the estimated total costs; and
- surveys of work performed.

If the outcome cannot be reliably measured, all costs are expensed and turnover is only recognised to the extent that it is probable that costs are recoverable. When it is probable that a loss will occur on a service or contract, this is recognised in full immediately as an onerous contract provision.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 10% reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
The directors believe that the company will be profitable in the near future and so a deferred tax asset has been recognised in the accounts.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investments
Investments are held at cost less impairments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 26,435 16,094 17,026
Additions - 37,996 -
Disposals - - -
At 31 December 2024 26,435 54,090 17,026
DEPRECIATION
At 1 January 2024 26,435 7,330 12,140
Charge for year - 5,345 728
Eliminated on disposal - - -
At 31 December 2024 26,435 12,675 12,868
NET BOOK VALUE
At 31 December 2024 - 41,415 4,158
At 31 December 2023 - 8,764 4,886

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 99,593 16,604 175,752
Additions 15,995 - 53,991
Disposals (11,768 ) - (11,768 )
At 31 December 2024 103,820 16,604 217,975
DEPRECIATION
At 1 January 2024 19,329 13,320 78,554
Charge for year 8,567 1,188 15,828
Eliminated on disposal (1,177 ) - (1,177 )
At 31 December 2024 26,719 14,508 93,205
NET BOOK VALUE
At 31 December 2024 77,101 2,096 124,770
At 31 December 2023 80,264 3,284 97,198

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 52,266
PROVISIONS
At 1 January 2024
and 31 December 2024 48,266
NET BOOK VALUE
At 31 December 2024 4,000
At 31 December 2023 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,679 333,044
Other debtors 102,980 30,395
196,659 363,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 59,575 240,857
Amounts owed to group undertakings 34,000 88,000
Taxation and social security 14,457 191,232
Other creditors 22,926 33,248
140,958 563,337

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,788 14,924
Other creditors 45,834 62,500
50,622 77,424

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 31,193 24,300

WAGNER RENEWABLES LTD (REGISTERED NUMBER: 09011642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 24,300
Accelerated capital allowances 6,893
Balance at 31 December 2024 31,193

10. COMMITMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £10,000 (2023 : £10,000).