W G Commercial Services Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03755337 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

W G Commercial Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Cash at bank

10,059

1,432

CREDITORS

Amounts falling due within one year

4

74,335

71,747

NET CURRENT LIABILITIES

(64,276

)

(70,315

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(64,276

)

(70,315

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

(64,278

)

(70,317

)

(64,276

)

(70,315

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2023 and were signed by:

W Griffiths - Director

1.	STATUTORY INFORMATION

W G Commercial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03755337

Registered office:

Low Mill Lane

Ravensthorpe Industrial Estate

Dewsbury

WF13 3LN

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

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 at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

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.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors and other creditors.

Trade debtors, other debtors, cash and bank balances, trade creditors, and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Contingent liabilities

The Company has entered into a cross guarantee with its bankers in respect of amounts owing by its parent company. The Company's indebtedness to the bank under this guarantee at 31 March 2021 was £211,992 (2020 - £256,219).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed to group undertakings

72,303

14,593

Other creditors

2,032

57,154

74,335

71,747

5.	CALLED UP SHARE CAPITAL

2022

2021

£

£

Allotted, issued and fully paid

2

2

6.	RELATED PARTY DISCLOSURES

The Company has taken the exemption conferred by section 1A of FRS102 not to disclose transactions with its parent undertaking.

Balances due (to)/from related parties that are connected to the company and its directors are shown below:

2022

2021

£

£

Due to connected companies

-

(38,142

)

7.	ULTIMATE CONTROLLING PARTY