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REGISTERED NUMBER: 08224190 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

GWK (WORTHING) LIMITED

GWK (WORTHING) LIMITED (REGISTERED NUMBER: 08224190)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GWK (WORTHING) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr T J Whittle





REGISTERED OFFICE: Unit 8
Ham Bridge Trading Estate
Willowbrook Road
Worthing
West Sussex
BN14 8NA





REGISTERED NUMBER: 08224190 (England and Wales)





ACCOUNTANTS: MMP Accounting Solutions Ltd
Suite A, Kings House
68 Victoria Road
Burgess Hill
West Sussex
RH15 9LH

GWK (WORTHING) LIMITED (REGISTERED NUMBER: 08224190)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 2,887
Tangible assets 6 - -
- 2,887

CURRENT ASSETS
Debtors 7 115,210 119,616

CREDITORS
Amounts falling due within one year 8 - 4,406
NET CURRENT ASSETS 115,210 115,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,210

118,097

PROVISIONS FOR LIABILITIES 2,786 3,398
NET ASSETS 112,424 114,699

CAPITAL AND RESERVES
Called up share capital 9 250 250
Retained earnings 112,174 114,449
SHAREHOLDERS' FUNDS 112,424 114,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

GWK (WORTHING) LIMITED (REGISTERED NUMBER: 08224190)

Statement of Financial Position - continued
31 March 2023


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 director and authorised for issue on 20 September 2023 and were signed by:





Mr T J Whittle - Director


GWK (WORTHING) LIMITED (REGISTERED NUMBER: 08224190)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

GWK (Worthing) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

GWK (WORTHING) LIMITED (REGISTERED NUMBER: 08224190)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 28,870
AMORTISATION
At 1 April 2022 25,983
Charge for year 2,887
At 31 March 2023 28,870
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 2,887

6. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 145,080
DEPRECIATION
At 1 April 2022
and 31 March 2023 145,080
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 115,210 119,616

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax - 4,406

GWK (WORTHING) LIMITED (REGISTERED NUMBER: 08224190)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
125 Ordinary A £1 125 125
125 Ordinary B £1 125 125
250 250

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T J Whittle.