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REGISTERED NUMBER: 06592151 (England and Wales)















GWK STRUCTURAL SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






GWK STRUCTURAL SOLUTIONS LTD (REGISTERED NUMBER: 06592151)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GWK STRUCTURAL SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs T S Kimber
G Kimber





SECRETARY: Mrs T S Kimber





REGISTERED OFFICE: 37 Anglesey Drive
Poynton
Stockport
SK12 1BU





REGISTERED NUMBER: 06592151 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

GWK STRUCTURAL SOLUTIONS LTD (REGISTERED NUMBER: 06592151)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,317 4,146
Tangible assets 5 12,561 16,181
15,878 20,327

CURRENT ASSETS
Cash at bank and in hand 107,828 87,909

CREDITORS
Amounts falling due within one year 6 46,602 38,182
NET CURRENT ASSETS 61,226 49,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,104

70,054

PROVISIONS FOR LIABILITIES 3,140 3,075
NET ASSETS 73,964 66,979

CAPITAL AND RESERVES
Called up share capital 7 190 190
Retained earnings 73,774 66,789
SHAREHOLDERS' FUNDS 73,964 66,979

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

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

GWK STRUCTURAL SOLUTIONS LTD (REGISTERED NUMBER: 06592151)

BALANCE SHEET - continued
31 MAY 2024


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 5 September 2024 and were signed on its behalf by:





Mrs T S Kimber - Director


GWK STRUCTURAL SOLUTIONS LTD (REGISTERED NUMBER: 06592151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

GWK Structural Solutions 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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 25% on reducing balance
Computer equipment - 25% 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.


GWK STRUCTURAL SOLUTIONS LTD (REGISTERED NUMBER: 06592151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 11,980
AMORTISATION
At 1 June 2023 7,834
Charge for year 829
At 31 May 2024 8,663
NET BOOK VALUE
At 31 May 2024 3,317
At 31 May 2023 4,146

GWK STRUCTURAL SOLUTIONS LTD (REGISTERED NUMBER: 06592151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 21,894 5,381 27,275
Additions - 1,008 1,008
At 31 May 2024 21,894 6,389 28,283
DEPRECIATION
At 1 June 2023 6,812 4,282 11,094
Charge for year 3,771 857 4,628
At 31 May 2024 10,583 5,139 15,722
NET BOOK VALUE
At 31 May 2024 11,311 1,250 12,561
At 31 May 2023 15,082 1,099 16,181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 44,176 35,680
Other creditors 2,426 2,502
46,602 38,182

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
90 A Ordinary £1 90 90
190 190

8. ULTIMATE CONTROLLING PARTY

The controlling party is G Kimber.