WGS LIMITED


Directors	WHARRAM, Richard Leonard William
	WHELDON, Edward


Company Secretary	WHELDON, Edward


Registered Address	Melton Court
	Gibson Lane
	Melton
	HU14 3HH


Registered Number	11196123 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		1
Tangible assets	4		5,285		13,107
			5,285		13,108
Current assets
Debtors	5	86,190		110,692
Cash at bank and on hand		86,900		48,706
		173,090		159,398
Creditors amounts falling due within one year	6	(176,792)		(162,137)
Net current assets (liabilities)			(3,702)		(2,739)
Total assets less current liabilities			1,583		10,369
Creditors amounts falling due after one year	7		-		(2,844)
Provisions for liabilities			(1,400)		(3,474)
Net assets			183		4,051
Capital and reserves
Called up share capital			100		100
Profit and loss account			83		3,951
Shareholders' funds			183		4,051

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 August 2025, and are signed on its behalf by:

WHELDON, Edward
Director
Registered Company No. 11196123

WGS LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	Current 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.

Current 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 been 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not been 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.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Website Development is being amortised evenly over its estimated useful life of nil years.

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


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	20
	Office Equipment	33

2.	Average number of employees


		2025		2024
	Average number of employees during the year	10		11

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 March 24	5,250	5,250
At 28 February 25	5,250	5,250
Amortisation and impairment
At 01 March 24	5,249	5,249
Charge for year	1	1
At 28 February 25	5,250	5,250
Net book value
At 28 February 25	-	-
At 29 February 24	1	1

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 March 24	11,981	46,223	20,703	78,907
Additions	-	-	1,824	1,824
At 28 February 25	11,981	46,223	22,527	80,731
Depreciation and impairment
At 01 March 24	9,688	37,667	18,445	65,800
Charge for year	2,104	5,397	2,145	9,646
At 28 February 25	11,792	43,064	20,590	75,446
Net book value
At 28 February 25	189	3,159	1,937	5,285
At 29 February 24	2,293	8,556	2,258	13,107

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	48,384	93,423
Other debtors	29,712	5,461
Prepayments and accrued income	8,094	11,808
Total	86,190	110,692

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	131,771	111,321
Taxation and social security	44,497	46,756
Other creditors	524	4,060
Total	176,792	162,137

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	2,844
Total	-	2,844