Company registration number 14292331 (England and Wales)
WTGB LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
WTGB LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WTGB LTD
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
254,424
174,810
Debtors
3
16,638
12,393
Cash at bank and in hand
153
195
271,215
187,398
Creditors: amounts falling due within one year
4
(1,320)
(1,200)
Net current assets
269,895
186,198
Creditors: amounts falling due after more than one year
5
(303,575)
(187,500)
Net liabilities
(33,680)
(1,302)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(33,780)
(1,402)
Total equity
(33,680)
(1,302)

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
Mr T R Morgan
Director
Company registration number 14292331 (England and Wales)
WTGB LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

WTGB Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Didsbury House, 748 Wilmslow Road, Didsbury, Greater Manchester, United Kingdom, M20 2DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This expectation is supported by the continued financial support of its key creditors, who are connected parties. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
16,638
12,393
WTGB LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,320
1,200
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
303,575
187,500
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
Related party transactions

Included within other creditors, is a loan of £303,575 (202 3: £187,500) from a related party company which is controlled by one of the directors. The loan is unsecured. Interest of £30,575 has been charged in the year in respect of this loan. At the reporting date the balance comprised loan capital of £273,000 and unpaid interest of £30,575.

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