Registered number
08400225
GW Assist Limited
Filleted Accounts
28 February 2023
GW Assist Limited
Registered number: 08400225
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 1,000
Tangible assets 4 54,101 56,436
54,101 57,436
Current assets
Debtors 5 4,188 4,994
Cash at bank and in hand 8,592 18,075
12,780 23,069
Creditors: amounts falling due within one year 6 (30,853) (45,941)
Net current liabilities (18,073) (22,872)
Total assets less current liabilities 36,028 34,564
Creditors: amounts falling due after more than one year 7 (14,684) (18,504)
Net assets 21,344 16,060
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,343 16,059
Shareholder's funds 21,344 16,060
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Wilkinson
Director
Approved by the board on 22 November 2023
GW Assist Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 10 years
Plant and machinery over 10 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 10,000
At 28 February 2023 10,000
Amortisation
At 1 March 2022 9,000
Provided during the year 1,000
At 28 February 2023 10,000
Net book value
At 28 February 2023 -
At 28 February 2022 1,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 8,152 69,200 77,352
Additions - 6,000 6,000
At 28 February 2023 8,152 75,200 83,352
Depreciation
At 1 March 2022 4,296 16,620 20,916
Charge for the year 815 7,520 8,335
At 28 February 2023 5,111 24,140 29,251
Net book value
At 28 February 2023 3,041 51,060 54,101
At 28 February 2022 3,856 52,580 56,436
5 Debtors 2023 2022
£ £
Trade debtors 4,188 4,416
Other debtors - 578
4,188 4,994
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 850 800
Taxation and social security costs 1,797 578
Director's loan account 28,206 44,563
30,853 45,941
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,684 18,504
8 Other information
GW Assist Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3
Camelot Way
South Elmsall
West Yorkshire
WF9 2HX
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