Company No: 08964973 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	2,232		2,332
		2,232		2,332
Current assets
Stocks		536,579		496,668
Debtors	5	66,548		35,750
Cash at bank and in hand		136,187		123,335
		739,314		655,753
Creditors: amounts falling due within one year	6	( 144,089)		( 110,115)
Net current assets		595,225		545,638
Total assets less current liabilities		597,457		547,970
Creditors: amounts falling due after more than one year	7	( 96,999)		( 96,999)
Provision for liabilities		( 558)		( 583)
Net assets		499,900		450,388
Capital and reserves
Called-up share capital		1		1
Profit and loss account		499,899		450,387
Total shareholder's funds		499,900		450,388

For the financial year ending 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements of WCG Sporting Limited T/A West Country Guns (registered number: 08964973) were approved and authorised for issue by the Director on 29 September 2026. They were signed on its behalf by:

S V Stacey 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

WCG Sporting Limited T/A West Country Guns (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 The Old Railway Station Station Road, Wiveliscombe, Taunton, TA4 2LX, 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 represents income from the retail sale of guns, ammunition and sporting equipment and is measured at the fair value of consideration received or receivable, net of VAT.

Revenue is recognised when the goods are supplied to the customer and the significant risks and rewards of ownership have transferred.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

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

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	5 - 10 years straight line
Vehicles	2 - 5 years straight line
Office equipment	1 - 4 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Cost comprises the purchase price of goods for resale together with any directly attributable costs incurred in bringing inventories to their present location and condition. Cost is determined using the first-in, first-out (FIFO) basis.

Net realisable value represents the estimated selling price less all estimated costs necessary to make the sale.

Provision is made, where appropriate, for obsolete, slow-moving or damaged stock. At each reporting date, stocks are reviewed for impairment and any write-down required is recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	4		4

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2025	20,007		20,007
At 31 March 2026	20,007		20,007
Accumulated amortisation
At 01 April 2025	20,007		20,007
At 31 March 2026	20,007		20,007
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2025	4,728		16,475		9,631		30,834
Additions	0		0		728		728
At 31 March 2026	4,728		16,475		10,359		31,562
Accumulated depreciation
At 01 April 2025	4,728		16,475		7,299		28,502
Charge for the financial year	0		0		828		828
At 31 March 2026	4,728		16,475		8,127		29,330
Net book value
At 31 March 2026	0		0		2,232		2,232
At 31 March 2025	0		0		2,332		2,332

5. Debtors

	2026		2025
	£		£
Trade debtors	42,255		28,250
Other debtors	24,293		7,500
	66,548		35,750

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	78,044		28,439
Taxation and social security	27,265		24,320
Other creditors	38,780		57,356
	144,089		110,115

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

	2026		2025
	£		£
Other creditors	96,999		96,999

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

At the balance sheet date, the Company had future minimum lease payments under a non-cancellable operating lease for land and buildings as follows:

Within one year: £15,000 (2025: £15,000)

Between two and five years: £52,000 (2025: £Nil)

9. Related party transactions

S V Stacey has provided a personal guarantee over the operating lease commitment disclosed in note 8.