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WGM Literary Agency Ltd
Registered Number:10120641
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
WGM Literary Agency Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10120641
As at 31 October 2024
WGM Literary Agency Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
471
704
2
471
704
Current assets
Trade and other receivables
-
2,065
3
6,486
Cash and cash equivalents
176
2,241
6,486
Trade and other payables: amounts falling due within one year
(2,831)
(37,574)
4
3,655
(35,333)
Net current liabilities
Total assets less current liabilities
(34,862)
4,359
5,970
(134)
Provisions for liabilities
(28,892)
Net assets/liabilities
4,225
Capital and reserves
Called up share capital
15
15
Retained earnings
(28,907)
4,210
(28,892)
4,225
Shareholders' funds
For the year ended 31 October 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 ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Guy Howe Director
These financial statements were approved and authorised for issue by the Board on 24 July 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
WGM Literary Agency Ltd
Notes to the Financial Statements
Statutory Information
WGM Literary Agency Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10120641.
Registered address:
4/4a Bloomsbury Square
London
WC1A 2RP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Reducing balance
Computer Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Computer
Equipment
£
Cost or valuation
At 01 November 2023
2,247
At 31 October 2024
2,247
Provision for depreciation and impairment
At 01 November 2023
1,543
Charge for year
233
At 31 October 2024
1,776
At 31 October 2024
Net book value
471
At 31 October 2023
704
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5
For the year ended 31 October 2024
WGM Literary Agency Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
2,065
-
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
-
1,665
Other creditors
37,574
1,166
37,574
2,831
5. Related party transactions
Included within other creditors is the balance of £30,864 (2023 - £51) relating to the directors loan account, this loan is
interest free with no fixed date of repayment.
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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