Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-01-01No description of principal activity1 13805248 2023-01-01 2023-12-31 13805248 2021-12-16 2022-12-31 13805248 2023-12-31 13805248 2022-12-31 13805248 c:Director1 2023-01-01 2023-12-31 13805248 d:CurrentFinancialInstruments 2023-12-31 13805248 d:CurrentFinancialInstruments 2022-12-31 13805248 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13805248 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13805248 d:ShareCapital 2023-12-31 13805248 d:ShareCapital 2022-12-31 13805248 d:RetainedEarningsAccumulatedLosses 2023-12-31 13805248 d:RetainedEarningsAccumulatedLosses 2022-12-31 13805248 c:FRS102 2023-01-01 2023-12-31 13805248 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13805248 c:FullAccounts 2023-01-01 2023-12-31 13805248 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13805248 2 2023-01-01 2023-12-31 13805248 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

13805248







GWOOD LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2023

































GWOOD LTD
REGISTERED NUMBER:13805248

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
811

Cash at bank and in hand
  
615,735
598,014

Creditors: amounts falling due within one year
 5 
(591,710)
(584,138)

Net current assets
  
 
 
24,025
 
 
14,687

Total assets less current liabilities
  
24,025
14,687

  

Net assets
  
24,025
14,687


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
23,925
14,587

  
24,025
14,687


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Gibbons
Director

Date: 10 September 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

GWOOD LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Gwood Ltd is a private limited company, limited by shares, incorporated and domiciled in England and Wales.
The address of its registered office and principal place of business is Brockbourne House, Mount Ephraim, Tunbridge Wells, TN4 8BS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements have been presented in Pounds Sterling rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Debtors

Other debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

Page 2

GWOOD LTD
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.  


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
-
100

Prepayments and accrued income
-
711

-
811



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
6,294
3,422

Other creditors
580,616
576,216

Accruals and deferred income
4,800
4,500

591,710
584,138



6.


Related party transactions

As at 31 December 2022 and 2023 the Company owed the director £576,116. This amount is included within other creditors due in less than one year, is unsecured and interest-free.  
During the year, a Company under common control paid expenses on behalf of the Company of £4,500.  As at the year-end this amount was outstanding in full. This amount is included within other creditors due in less than one year, is unsecured and interest-free.

 
Page 3