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REGISTERED NUMBER: 04651246 (England and Wales)















G W Engineering (Lincs) Ltd

Unaudited Financial Statements for the Year Ended 31 January 2024






G W Engineering (Lincs) Ltd (Registered number: 04651246)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


G W Engineering (Lincs) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G Wycherley
Mrs L Wycherley





SECRETARY: Mrs L Wycherley





REGISTERED OFFICE: 70 West Street
Crowland
Lincolnshire
PE6 0ED





REGISTERED NUMBER: 04651246 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

G W Engineering (Lincs) Ltd (Registered number: 04651246)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,814 60,906

CURRENT ASSETS
Debtors 59,625 63,167
Cash at bank 366,052 287,268
425,677 350,435
CREDITORS
Amounts falling due within one year 74,688 71,883
NET CURRENT ASSETS 350,989 278,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,803

339,458

PROVISIONS FOR LIABILITIES 13,345 11,572
NET ASSETS 394,458 327,886

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 394,358 327,786
SHAREHOLDERS' FUNDS 394,458 327,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Engineering (Lincs) Ltd (Registered number: 04651246)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 August 2024 and were signed on its behalf by:




G Wycherley - Director



Mrs L Wycherley - Director


G W Engineering (Lincs) Ltd (Registered number: 04651246)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

G W Engineering (Lincs) Ltd 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
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.
Equipment - 20% on reducing balance
Motor vehicles - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

G W Engineering (Lincs) Ltd (Registered number: 04651246)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 143,773
Additions 7,959
At 31 January 2024 151,732
DEPRECIATION
At 1 February 2023 82,867
Charge for year 12,051
At 31 January 2024 94,918
NET BOOK VALUE
At 31 January 2024 56,814
At 31 January 2023 60,906