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REGISTERED NUMBER: 06149101















Unaudited Financial Statements For The Year Ended 31 March 2023

for

G & W Auto Recovery Service Ltd

G & W Auto Recovery Service Ltd (Registered number: 06149101)

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


G & W Auto Recovery Service Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTORS: P R Parr
Mrs M E Parr
D R Parr





SECRETARIES: Mrs M E Parr
Mrs N J Parr





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 06149101





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

G & W Auto Recovery Service Ltd (Registered number: 06149101)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 314,368 319,614
314,368 319,614

CURRENT ASSETS
Debtors 6 13,285 12,608
Cash at bank and in hand 37,642 47,144
50,927 59,752
CREDITORS
Amounts falling due within one year 7 540,509 643,959
NET CURRENT LIABILITIES (489,582 ) (584,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(175,214

)

(264,593

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (175,314 ) (264,693 )
SHAREHOLDERS' FUNDS (175,214 ) (264,593 )

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.

G & W Auto Recovery Service Ltd (Registered number: 06149101)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Mrs M E Parr - Director


G & W Auto Recovery Service Ltd (Registered number: 06149101)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

G & W Auto Recovery Service Ltd is a private company, limited by shares , registered in Not specified/Other. 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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Auto Recovery Service Ltd (Registered number: 06149101)

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


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.

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 500,000
AMORTISATION
At 1 April 2022
and 31 March 2023 500,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

G & W Auto Recovery Service Ltd (Registered number: 06149101)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022
and 31 March 2023 301,324 75,304 291
DEPRECIATION
At 1 April 2022 2,699 68,343 127
Charge for year - 1,740 41
At 31 March 2023 2,699 70,083 168
NET BOOK VALUE
At 31 March 2023 298,625 5,221 123
At 31 March 2022 298,625 6,961 164

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 27,032 4,071 408,022
DEPRECIATION
At 1 April 2022 13,571 3,668 88,408
Charge for year 3,365 100 5,246
At 31 March 2023 16,936 3,768 93,654
NET BOOK VALUE
At 31 March 2023 10,096 303 314,368
At 31 March 2022 13,461 403 319,614

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 13,285 12,608

G & W Auto Recovery Service Ltd (Registered number: 06149101)

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 15,639 24,832
Trade creditors 25,888 21,520
Taxation and social security 9,744 18,874
Other creditors 489,238 578,733
540,509 643,959

8. RESERVES
Retained
earnings
£   

At 1 April 2022 (264,693 )
Profit for the year 89,379
At 31 March 2023 (175,314 )