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Company Registration No. 05072226 (England and Wales)
Great Wight Enterprises Limited Unaudited accounts for the year ended 31 March 2024
Great Wight Enterprises Limited Unaudited accounts Contents
Page
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Great Wight Enterprises Limited Company Information for the year ended 31 March 2024
Director
Claire Meadowcroft
Company Number
05072226 (England and Wales)
Registered Office
37 Queens Road Shanklin Isle of Wight PO37 6DG
Accountants
Amy Newnham A N Accounting 36 Stephenson Road Cowes Isle of Wight PO31 7PP
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Great Wight Enterprises Limited Accountants' report
Accountants' report to the director of Great Wight Enterprises Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Amy Newnham A N Accounting 36 Stephenson Road Cowes Isle of Wight PO31 7PP 26 June 2024
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Great Wight Enterprises Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
393 
784 
Current assets
Inventories
86,887 
64,984 
Debtors
2,075 
631 
Cash at bank and in hand
3,283 
6,332 
92,245 
71,947 
Creditors: amounts falling due within one year
(37,751)
(24,386)
Net current assets
54,494 
47,561 
Total assets less current liabilities
54,887 
48,345 
Creditors: amounts falling due after more than one year
- 
(6,156)
Net assets
54,887 
42,189 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
2,296 
- 
Profit and loss account
52,491 
42,089 
Shareholders' funds
54,887 
42,189 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2024 and were signed on its behalf by
Claire Meadowcroft Director Company Registration No. 05072226
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Great Wight Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Great Wight Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 05072226. The registered office is 37 Queens Road, Shanklin, Isle of Wight, PO37 6DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line method
Computer equipment
Straight line method - 25%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
58,089 
1,566 
59,655 
At 31 March 2024
58,089 
1,566 
59,655 
Depreciation
At 1 April 2023
58,089 
782 
58,871 
Charge for the year
- 
391 
391 
At 31 March 2024
58,089 
1,173 
59,262 
Net book value
At 31 March 2024
- 
393 
393 
At 31 March 2023
- 
784 
784 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,075 
631 
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Great Wight Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,357 
2,520 
Trade creditors
11,048 
3,220 
Taxes and social security
5,342 
3,464 
Other creditors
10,158 
15,182 
Loans from directors
6,846 
- 
37,751 
24,386 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
11,000 
Loans from directors
- 
(4,844)
- 
6,156 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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