WGS_Power__Lighting_Ltd_31_Jan_2026_companies_house_set_of

WGS Power & Lighting Ltd

Statement of Financial Position

31 January 2026

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	799,965		672,335
Current assets
Debtors	6	147,822		150,881
Cash at bank and in hand		182,021		268,224
		329,843		419,105
Creditors: amounts falling due within one year	7	(295,709	)	(297,132	)
Net current assets		34,134		121,973
Total assets less current liabilities		834,099		794,308
Creditors: amounts falling due after more than one year	8	(40,524	)	(51,473	)
Provisions for liabilities		(166,568	)	(150,563	)
Net assets		627,007		592,272
Capital and reserves
Called up share capital		100		100
Profit and loss account		626,907		592,172
Shareholders funds		627,007		592,272

For the year ending

31 January 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 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

financial statements

have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

26 October 2026

, and are signed on behalf of the board by:

Mr Nigel Sheppard

Director

Company registration number:

05340496

WGS Power & Lighting Ltd

Notes to the Financial Statements

Year ended

31 January 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Midge Hall Farm

Royal Wootton Basset

Wiltshire

SN4 8ER

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	20% reducing balance
Fixtures, fittings and equipment	20% reducing balance
Motor vehicles	25% reducing balance
Office equipment	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Prior year adjustment

A deferred tax provision related to the prior year amounting to £146,263 has been adjusted in the financial statements as it is deemed to material and to comply

to FRS 102

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 February 2025	1,819,561
Additions	323,214
Disposals	(19,659	)
At 31 January 2026	2,123,116
Depreciation
At 1 February 2025	1,147,226
Charge	175,925
At 31 January 2026	1,323,151
Carrying amount
At 31 January 2026	799,965
At 31 January 2025	672,335

6 Debtors

	2026	2025
	£	£
Trade debtors	143,342	147,467
Other debtors	4,480	3,414
	147,822	150,881

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,334	10,000
Trade creditors	114,093	68,696
Taxation and social security	136,112	192,525
Other creditors	42,170	25,911
	295,709	297,132

8 Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	-	3,333
Other creditors	40,524	48,140
	40,524	51,473