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REGISTERED NUMBER: 00888460 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

G.W.D. Limited

G.W.D. Limited (Registered number: 00888460)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.W.D. Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: N D Greenwood
Mrs M Greenwood





SECRETARY: N D Greenwood





REGISTERED OFFICE: 12 - 13 Capital Place
Lovet Road
The Pinnacles
Harlow
Essex
CM19 5AS





REGISTERED NUMBER: 00888460 (England and Wales)





ACCOUNTANTS: Pawley & Malyon
14 Austin Friars
London
EC2N 2HE

G.W.D. Limited (Registered number: 00888460)

Balance Sheet
31 March 2022

31/3/22 31/3/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,291 106,038

CURRENT ASSETS
Stocks 39,921 61,143
Debtors 5 217,040 217,760
Cash at bank 43,452 51,224
300,413 330,127
CREDITORS
Amounts falling due within one year 6 164,185 228,502
NET CURRENT ASSETS 136,228 101,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,519

207,663

PROVISIONS FOR LIABILITIES 25,153 19,063
NET ASSETS 216,366 188,600

CAPITAL AND RESERVES
Called up share capital 16,100 16,100
Capital redemption reserve 50 50
Retained earnings 200,216 172,450
SHAREHOLDERS' FUNDS 216,366 188,600

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 directors acknowledge their 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.

G.W.D. Limited (Registered number: 00888460)

Balance Sheet - continued
31 March 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:




N D Greenwood - Director



Mrs M Greenwood - Director


G.W.D. Limited (Registered number: 00888460)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. Statutory information

G.W.D. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and at varying rates

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


G.W.D. Limited (Registered number: 00888460)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 28 (2021 - 22 ) .

G.W.D. Limited (Registered number: 00888460)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2021 544,685
Additions 5,097
At 31 March 2022 549,782
Depreciation
At 1 April 2021 438,647
Charge for year 5,844
At 31 March 2022 444,491
Net book value
At 31 March 2022 105,291
At 31 March 2021 106,038

5. Debtors: amounts falling due within one year
31/3/22 31/3/21
£    £   
Trade debtors 207,858 203,016
Other debtors 9,182 14,744
217,040 217,760

6. Creditors: amounts falling due within one year
31/3/22 31/3/21
£    £   
Trade creditors 65,020 88,463
Taxation and social security 69,729 58,098
Other creditors 29,436 81,941
164,185 228,502