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COMPANY REGISTRATION NUMBER: 12351104
WG Homecare Ltd
Filleted Unaudited Financial Statements
31 October 2024
WG Homecare Ltd
Financial Statements
Year ended 31 October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
WG Homecare Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
Current assets
Debtors
5
675,459
675,459
Cash at bank and in hand
1
1
---------
---------
675,460
675,460
Creditors: amounts falling due within one year
6
625,590
660,038
---------
---------
Net current assets
49,870
15,422
--------
--------
Total assets less current liabilities
49,870
15,422
--------
--------
Net assets
49,870
15,422
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
49,869
15,421
--------
--------
Shareholders funds
49,870
15,422
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:
Mr S C Hill
Director
Company registration number: 12351104
WG Homecare Ltd
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bedford House Fulham Green, 69-79 Fulham High Street, London, SW6 3JW, United KIngdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 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. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2).
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
675,459
675,459
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,680
–
Amounts owed to group undertakings and undertakings in which the company has a participating interest
–
1,500
Other creditors
623,910
658,538
---------
---------
625,590
660,038
---------
---------
7. Controlling party
The company's ultimate parent company is Wellgate Group Limited. The registered address of the ultimate parent company is Bedford House Fulham Green, 69-79 Fulham High Street, London, United Kingdom, SW6 3JW.