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Company Registration No. 12154984 (England and Wales)
WANSA GROUP COMMODITIES (WGC) UK LTD Unaudited accounts for the year ended 31 August 2024
WANSA GROUP COMMODITIES (WGC) UK LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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WANSA GROUP COMMODITIES (WGC) UK LTD Company Information for the year ended 31 August 2024
Directors
O WANSA NADER WANSA CRAIG ANDREW COUGHLAN
Company Number
12154984 (England and Wales)
Registered Office
33 CAVENDISH SQUARE LONDON W1G 0PW ENGLAND
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WANSA GROUP COMMODITIES (WGC) UK LTD Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
41,435
50,147
Current assets
Debtors
5
4,990,698
4,352,565
Investments
6
249,897
166,910
Cash at bank and in hand
405,442
400,549
5,646,037
4,920,024
Creditors: amounts falling due within one year
7
(4,280,276)
(3,864,231)
Net current assets
1,365,761
1,055,793
Net assets
1,407,196
1,105,940
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,407,194
1,105,938
Shareholders' funds
1,407,196
1,105,940
For the year ending 31 August 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 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 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 of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by
NADER WANSA Director Company Registration No. 12154984
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WANSA GROUP COMMODITIES (WGC) UK LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
WANSA GROUP COMMODITIES (WGC) UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12154984. The registered office is 33 CAVENDISH SQUARE, LONDON, W1G 0PW, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% Straight Line
Computer equipment
50% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2023
25,024
33,609
58,633
Additions
-
21,645
21,645
At 31 August 2024
25,024
55,254
80,278
Depreciation
At 1 September 2023
2,558
5,928
8,486
Charge for the year
6,394
23,963
30,357
At 31 August 2024
8,952
29,891
38,843
Net book value
At 31 August 2024
16,072
25,363
41,435
At 31 August 2023
22,466
27,681
50,147
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WANSA GROUP COMMODITIES (WGC) UK LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024
2023
£
£
Amounts falling due after more than one year
Trade debtors
196,420
1,046,265
Amounts due from group undertakings etc.
4,601,137
3,209,946
Accrued income and prepayments
-
15,258
Other debtors
193,141
81,096
4,990,698
4,352,565
6
Investments held as current assets
2024
2023
£
£
Unlisted investments
249,897
166,910
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
32,063
33,049
Obligations under finance leases and hire purchase contracts
155,817
-
Trade creditors
411,562
1,524,742
Taxes and social security
139,125
287,205
Other creditors
1,877
165,016
Loans from directors
-
221,752
Accruals
3,539,832
1,632,467
4,280,276
3,864,231
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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