Waggon & Horses NG Ltd - Filleted accounts

Registered number

15553524

Waggon & Horses NG Ltd

Filleted Accounts

31 March 2026

Waggon & Horses NG Ltd
Registered number:		15553524
Balance Sheet
as at 31 March 2026

Notes			2026
£
Fixed assets
Tangible assets	3		81,953

Current assets
Stocks		10,219
Cash at bank and in hand		250,518
		260,737

Creditors: amounts falling due within one year	4	(247,275)

Net current assets			13,462

Total assets less current liabilities			95,415

Creditors: amounts falling due after more than one year	5		(27,885)



Net assets			67,530

Capital and reserves
Called up share capital			100
Profit and loss account			67,430

Shareholders' funds			67,530

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs Lisa Ng
Director
Approved by the board on 28 May 2026

Waggon & Horses NG Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery	20% reducing balance
	Fixtures, fittings, tools and equipment	15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026
Number

	Average number of persons employed by the company			29


3	Tangible fixed assets
		Plant and machinery		Fixtures and fittings		Total
£			£		£
	Cost
	Additions	4,958		90,908		95,866
	At 31 March 2026	4,958		90,908		95,866

	Depreciation
	Charge for the year	277		13,636		13,913
	At 31 March 2026	277		13,636		13,913

	Net book value
	At 31 March 2026	4,681		77,272		81,953


4	Creditors: amounts falling due within one year			2026
£

	Bank loans and overdrafts			30,000
	Trade creditors			62,783
	Directors loan account			99,472
	Taxation and social security costs			54,270
	Other creditors			750
				247,275


5	Creditors: amounts falling due after one year			2026
£

	Bank loans			27,885


6	Other information

	Waggon & Horses NG Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	211 Manchester New Road
	Alkrington
	Middleton
	Manchester
	M24 1JT