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
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
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
Great Wight Enterprises Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
3,283
6,332
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)
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
Great Wight Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2024
-
393
393
At 31 March 2023
-
784
784
Amounts falling due within one year
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
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
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
(4,844)
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).