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WG DEVELOPMENTS LTD

Registered Number
13635856
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

WG DEVELOPMENTS LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

DANIELS, Omotomilola

Registered Address

The Green
Icon Range, The Green
Stanford-Le-Hope
SS17 0ER

Registered Number

13635856 (England and Wales)
WG DEVELOPMENTS LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3523,830261,688
523,830261,688
Current assets
Debtors99
Cash at bank and on hand1871,462
1961,471
Creditors amounts falling due within one year4(106,525)(13,920)
Net current assets (liabilities)(106,329)(12,449)
Total assets less current liabilities417,501249,239
Creditors amounts falling due after one year5(373,986)(206,133)
Net assets43,51543,106
Capital and reserves
Revaluation reserve57,98057,980
Profit and loss account(14,465)(14,874)
Shareholders' funds43,51543,106
The financial statements were approved and authorised for issue by the Director on 26 June 2025, and are signed on its behalf by:
DANIELS, Omotomilola
Director
Registered Company No. 13635856
WG DEVELOPMENTS LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 October 23261,688261,688
Additions262,142262,142
At 30 September 24523,830523,830
Net book value
At 30 September 24523,830523,830
At 30 September 23261,688261,688
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts106,52513,920
Total106,52513,920
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts373,986206,133
Total373,986206,133