1 February 2023 false No description of principal activity Taxfiler 2024.5 03911653business:PrivateLimitedCompanyLtd2023-02-012024-01-31 039116532023-01-31 039116532023-02-012024-01-31 03911653business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 03911653business:FilletedAccounts2023-02-012024-01-31 039116532024-01-31 03911653business:Director12023-02-012024-01-31 03911653business:Director22023-02-012024-01-31 03911653business:RegisteredOffice2023-02-012024-01-31 039116532023-01-31 03911653core:WithinOneYear2024-01-31 03911653core:WithinOneYear2023-01-31 03911653core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 03911653core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 03911653core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 03911653core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 03911653core:PreviouslyStatedAmount2024-01-31 03911653core:PreviouslyStatedAmount2023-01-31 03911653business:SmallEntities2023-02-012024-01-31 03911653countries:EnglandWales2023-02-012024-01-31 03911653core:PlantMachinery2023-02-012024-01-31 03911653core:MotorVehicles2023-02-012024-01-31 03911653core:ComputerEquipment2023-02-012024-01-31 03911653core:PlantMachinery2023-01-31 03911653core:ComputerEquipment2023-01-31 03911653core:PlantMachinery2024-01-31 03911653core:ComputerEquipment2024-01-31 039116532022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 03911653 (England and Wales)
Gwyn Carless Designs Limited Unaudited accounts for the year ended 31 January 2024
Gwyn Carless Designs Limited Unaudited accounts Contents
Page
- 2 -
Gwyn Carless Designs Limited Company Information for the year ended 31 January 2024
Directors
Gwyn Edward Carless Catriona Carless
Company Number
03911653 (England and Wales)
Registered Office
Unit 66 Storforth Lane Industrial Estate Hasland Chesterfield Derbyshire S41 0QZ England
- 3 -
Gwyn Carless Designs Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,399 
1,646 
Current assets
Inventories
11,600 
6,600 
Debtors
4,336 
4,594 
Cash at bank and in hand
(5,312)
(5,292)
10,624 
5,902 
Creditors: amounts falling due within one year
(12,737)
(8,980)
Net current liabilities
(2,113)
(3,078)
Net liabilities
(714)
(1,432)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(716)
(1,434)
Shareholders' funds
(714)
(1,432)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
Gwyn Edward Carless Director Company Registration No. 03911653
- 4 -
Gwyn Carless Designs Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Gwyn Carless Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 03911653. The registered office is Unit 66 Storforth Lane Industrial Estate, Hasland, Chesterfield, Derbyshire, S41 0QZ, England.
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.
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 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
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
15% on reducing balance
Inventories
Inventories have been valued at the lower of cost and net realisable value, after making due diligence for obsolete and slow moving items.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
Gwyn Carless Designs Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,268 
1,649 
5,917 
At 31 January 2024
4,268 
1,649 
5,917 
Depreciation
At 1 February 2023
2,894 
1,377 
4,271 
Charge for the year
206 
41 
247 
At 31 January 2024
3,100 
1,418 
4,518 
Net book value
At 31 January 2024
1,168 
231 
1,399 
At 31 January 2023
1,374 
272 
1,646 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,336 
4,341 
Trade debtors
- 
253 
4,336 
4,594 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,283 
3,377 
Trade creditors
2,518 
1,511 
Taxes and social security
7,936 
4,092 
12,737 
8,980 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -