Wickford Gas Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05073743 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

WICKFORD GAS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C R MacFarlane

Mr P A Cubitt

SECRETARY:

Mr P A Cubitt

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

05073743 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

22,875

30,501

22,875

30,501

CURRENT ASSETS

Stocks

5,000

3,850

Debtors

373,467

370,933

Cash at bank

183,875

224,906

562,342

599,689

CREDITORS

Amounts falling due within one year

102,477

22,772

NET CURRENT ASSETS

459,865

576,917

TOTAL ASSETS LESS CURRENT
LIABILITIES

482,740

607,418

CREDITORS

Amounts falling due after more than one
year

9,581

16,767

NET ASSETS

473,159

590,651

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

473,157

590,649

473,159

590,651

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 July 2025 and were signed on its behalf by:

Mr P A Cubitt - Director

1.	STATUTORY INFORMATION

Wickford Gas Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2023

and 31 July 2024

60,000

AMORTISATION

At 1 August 2023

and 31 July 2024

60,000

NET BOOK VALUE

At 31 July 2024

-

At 31 July 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2023

and 31 July 2024

80,508

DEPRECIATION

At 1 August 2023

50,007

Charge for year

7,626

At 31 July 2024

57,633

NET BOOK VALUE

At 31 July 2024

22,875

At 31 July 2023

30,501

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 August 2023

and 31 July 2024

33,743

DEPRECIATION

At 1 August 2023

8,436

Charge for year

6,327

At 31 July 2024

14,763

NET BOOK VALUE

At 31 July 2024

18,980

At 31 July 2023

25,307

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

16,767

23,953

The hire purchase creditor is secured over the asset to which it relates.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024

2023

£

Mr P A Cubitt

Balance outstanding at start of year

77,655

Amounts advanced

77,655

Amounts repaid

(77,655

)

(77,655

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

77,655

Mr C R MacFarlane

Balance outstanding at start of year

77,655

Amounts advanced

77,655

Amounts repaid

(77,655

)

(77,655

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

77,655

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £127,659 (2023 - £127,659) by Rackmaster Ltd, a company which is controlled by common directors, Mr C R MacFarlane and Mr P A Cubitt.