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REGISTERED NUMBER: 07180433 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

A W GORE & CO LIMITED

A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

A W GORE & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P J Walker FAVLP
A Kelly FAVLP





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 07180433 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 25,920
Tangible assets 5 793 3,195
793 29,115

CURRENT ASSETS
Debtors 6 30,453 20,477
Cash at bank and in hand 4,130 110
34,583 20,587
CREDITORS
Amounts falling due within one year 7 166,895 144,447
NET CURRENT LIABILITIES (132,312 ) (123,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(131,519

)

(94,745

)

CREDITORS
Amounts falling due after more than one
year

8

60,724

92,486
NET LIABILITIES (192,243 ) (187,231 )

CAPITAL AND RESERVES
Called up share capital 10 120 120
Retained earnings (192,363 ) (187,351 )
SHAREHOLDERS' FUNDS (192,243 ) (187,231 )

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 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.

A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)

BALANCE SHEET - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2023 and were signed on its behalf by:




A Kelly FAVLP - Director



P J Walker FAVLP - Director


A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

A W Gore & Co 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents net invoiced sale of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 3 (2022 - 5 ) .

A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 360,000
AMORTISATION
At 1 April 2022 334,080
Charge for year 25,920
At 31 March 2023 360,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 25,920

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 5,788 9,500 2,671 17,959
Disposals - (9,500 ) - (9,500 )
At 31 March 2023 5,788 - 2,671 8,459
DEPRECIATION
At 1 April 2022 4,855 7,246 2,663 14,764
Charge for year 140 - 8 148
Eliminated on disposal - (7,246 ) - (7,246 )
At 31 March 2023 4,995 - 2,671 7,666
NET BOOK VALUE
At 31 March 2023 793 - - 793
At 31 March 2022 933 2,254 8 3,195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 28,748 18,732
Deferred tax asset
Accelerated capital allowances 459 661
Prepayments 1,246 1,084
30,453 20,477

A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 89,387 89,148
Trade creditors 2,951 3,804
Tax 37,519 24,744
Social security and other taxes 489 980
VAT 20,605 10,042
Other creditors 13,750 13,512
Directors' current accounts 1,318 1,383
Accrued expenses 876 834
166,895 144,447

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 31,061 29,222
Bank loans - 2-5 years 28,574 61,874
Bank loans more 5 yr by instal 1,089 1,390
60,724 92,486

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,089 1,390

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 60,165 61,484
Bank loans 89,946 120,150
150,111 181,634

Nat West bank holds a fixed and floating charge dated 28 July 2010. The remainder is guaranteed by the directors personally and amounts owed are also supported by a charge on Mr P Walkers house.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100
20 Ordinary A-Z £1 20 20
120 120

11. RELATED PARTY DISCLOSURES

At the year end directors current accounts existed and the directors Mr P Walker and Mr A Kelly were owed £482 and £836 respectively. There is no interest paid on these amounts and they are repayable on demand.

A W GORE & CO LIMITED (REGISTERED NUMBER: 07180433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. SOLVENCY

Although technically insolvent the accounts have been prepared under the going concern basis and the director Pat Walker will continue to support the company if necessary.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A W GORE & CO LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A W Gore & Co Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A W Gore & Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A W Gore & Co Limited and state those matters that we have agreed to state to the Board of Directors of A W Gore & Co Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A W Gore & Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A W Gore & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A W Gore & Co Limited. You consider that A W Gore & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A W Gore & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


15 October 2023