Company Registration No. 11594854 (England and Wales)
WGL GROUP LTD
Unaudited accounts
for the year ended 30 September 2024
WGL GROUP LTD
Unaudited accounts
Contents
WGL GROUP LTD
Company Information
for the year ended 30 September 2024
Company Number
11594854 (England and Wales)
Registered Office
1 Kingston Road
London
London
N9 7AJ
England
WGL GROUP LTD
Statement of financial position
as at 30 September 2024
Tangible assets
911,086
830,963
Cash at bank and in hand
10,915
5,375
Creditors: amounts falling due within one year
(1,179,119)
(1,083,227)
Net current liabilities
(1,168,204)
(1,077,852)
Net liabilities
(257,118)
(246,889)
Called up share capital
100
100
Profit and loss account
(257,218)
(246,989)
Shareholders' funds
(257,118)
(246,889)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2025 and were signed on its behalf by
Lovin PANCHOO
Director
Company Registration No. 11594854
WGL GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
WGL GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11594854. The registered office is 1 Kingston Road, London, London, N9 7AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
803,315
54,000
857,315
At 30 September 2024
888,968
54,000
942,968
At 1 October 2023
-
26,352
26,352
Charge for the year
-
5,530
5,530
At 30 September 2024
-
31,882
31,882
At 30 September 2024
888,968
22,118
911,086
At 30 September 2023
803,315
27,648
830,963
WGL GROUP LTD
Notes to the Accounts
for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
496,150
496,150
Other creditors
4,500
4,500
Loans from directors
678,219
582,327
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).