Company No: 09479960 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,167		28,167
Tangible assets	4	12,815		6,189
		14,982		34,356
Current assets
Stocks		8,000		7,000
Debtors	5	1,224,570		806,052
Cash at bank and in hand		87,591		124,696
		1,320,161		937,748
Creditors: amounts falling due within one year	6	( 868,139)		( 522,007)
Net current assets		452,022		415,741
Total assets less current liabilities		467,004		450,097
Creditors: amounts falling due after more than one year	7	( 1,913)		( 12,274)
Provision for liabilities		( 28,204)		( 1,176)
Net assets		436,887		436,647
Capital and reserves
Called-up share capital	8	1,000		1,000
Share premium account		400,173		400,173
Profit and loss account		35,714		35,474
Total shareholder's funds		436,887		436,647

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wagner Plant Limited (registered number: 09479960) were approved and authorised for issue by the Director on 24 October 2025. They were signed on its behalf by:

Mr A P Wagner Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wagner Plant Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	28		28

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	260,000		260,000
At 31 March 2025	260,000		260,000
Accumulated amortisation
At 01 April 2024	231,833		231,833
Charge for the financial year	26,000		26,000
At 31 March 2025	257,833		257,833
Net book value
At 31 March 2025	2,167		2,167
At 31 March 2024	28,167		28,167

4. Tangible assets

	Plant and machinery		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	11,446		5,541		16,987
Additions	9,650		516		10,166
At 31 March 2025	21,096		6,057		27,153
Accumulated depreciation
At 01 April 2024	7,118		3,680		10,798
Charge for the financial year	2,998		542		3,540
At 31 March 2025	10,116		4,222		14,338
Net book value
At 31 March 2025	10,980		1,835		12,815
At 31 March 2024	4,328		1,861		6,189

5. Debtors

	2025		2024
	£		£
Trade debtors	892,162		658,437
Amounts owed by Group undertakings	250,817		107,615
Other debtors	81,591		40,000
	1,224,570		806,052

During 2023, the company had an invoice discounting facility in place with its bankers. At the year end, funds available to draw totalled £nil (2024: £250,000) which is secured over trade debtors.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts (secured £ 10,298)	314,026		182,526
Trade creditors	488,312		301,811
Amounts owed to director	0		5,000
Accruals	2,850		2,850
Taxation and social security	61,563		29,820
Other creditors	1,388		0
	868,139		522,007

National Westminster Bank PLC hold a fixed and floating charge over the property and undertaking of the company.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,913		12,274

National Westminster Bank PLC hold a fixed and floating charge over the property and undertaking of the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

9. Related party transactions

During the year, Wagner Plant Limited paid management charges to Wagner Holdings Limited totalling £440,000. The total amount owed by Wagner Holdings Limited at the year end was £415,819 (2024: £107,616).

10. Ultimate controlling party

Parent Company:

Wagner Holdings Limited

C/O Francis Clark LLP, Melville Building East, Unit 18, 23 Royal William Yard, Plymouth, Devon, PL1 3GW.