Registered number: 05655412 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||
Gewait Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 2 | |||||||
Notes To The Accounts | 3 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Gewait Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Current Asset Investments | 7 | |||||||||
Cash at bank and in hand | ||||||||||
156,296 | 111,227 | |||||||||
CREDITORS: Amounts falling due within one year | 8 | |||||||||
NET CURRENT ASSETS | 99,696 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 137,618 | 121,453 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Gewait Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1e. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
Gewait Limited | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
Number | Number | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 April 2023 | 11,966 | 4,059 | 16,025 | |||
At 31 March 2024 | 11,966 | 4,059 | 16,025 | |||
Depreciation | ||||||
At 1 April 2023 | - | 2,603 | 2,603 | |||
For the year | - | 240 | 240 | |||
At 31 March 2024 | - | 2,843 | 2,843 | |||
Net Book Amounts | ||||||
At 31 March 2024 | 11,966 | 1,216 | 13,182 | |||
At 31 March 2023 | 11,966 | 1,456 | 13,422 | |||
4. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 1 April 2023 | 18,335 | 18,335 | |||||||
At 31 March 2024 | 18,335 | 18,335 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31 March 2024 | 18,335 | 18,335 | |||||||
At 31 March 2023 | 18,335 | 18,335 | |||||||
5. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Gewait Limited | ||||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other debtors | - | 3,667 | ||||||
- | 3,667 | |||||||
7. CURRENT ASSET INVESTMENTS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Investments | 47,770 | - | ||||||
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Taxation and social security | 3,306 | 3,154 | ||||||
Other creditors | 36,889 | 8,377 | ||||||
40,195 | 11,531 | |||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
10000 | 10000 | |||||||
10,000 | 10,000 | |||||||