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REGISTERED NUMBER: 04901109 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GOTT AND WYNNE LIMITED

GOTT AND WYNNE LIMITED (REGISTERED NUMBER: 04901109)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOTT AND WYNNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr B Wynne
Mr M G Clough
Mr S C Goldsmith





SECRETARY: Mr B Wynne





REGISTERED OFFICE: 13 Trinity Square
Llandudno
LL30 2RB





REGISTERED NUMBER: 04901109 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

GOTT AND WYNNE LIMITED (REGISTERED NUMBER: 04901109)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,377 75,761
72,377 75,761

CURRENT ASSETS
Debtors 6 21,658 44,778
Cash at bank 855,187 721,067
876,845 765,845
CREDITORS
Amounts falling due within one year 7 532,997 391,980
NET CURRENT ASSETS 343,848 373,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,225

449,626

CAPITAL AND RESERVES
Called up share capital 859 859
Share premium 11,808 11,808
Retained earnings 403,558 436,959
SHAREHOLDERS' FUNDS 416,225 449,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GOTT AND WYNNE LIMITED (REGISTERED NUMBER: 04901109)

BALANCE SHEET - continued
31 AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:




Mr B Wynne - Director Mr M G Clough - Director




Mr S C Goldsmith - Director


GOTT AND WYNNE LIMITED (REGISTERED NUMBER: 04901109)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Gott And Wynne Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
During the year the company changed it's policy regarding goodwill.From the current year onwards the company's policy is to write off goodwill acquired through the profit and loss account in the year of acquisition .In previous years acquired goodwill was capitalised on the balance sheet.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill acquired by the company is written off through the profit and loss account in the year of acquisition.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GOTT AND WYNNE LIMITED (REGISTERED NUMBER: 04901109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 130,937
AMORTISATION
At 1 September 2023
and 31 August 2024 130,937
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 61,254 99,968 161,222
DEPRECIATION
At 1 September 2023 - 85,461 85,461
Charge for year - 3,384 3,384
At 31 August 2024 - 88,845 88,845
NET BOOK VALUE
At 31 August 2024 61,254 11,123 72,377
At 31 August 2023 61,254 14,507 75,761

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,658 44,778

GOTT AND WYNNE LIMITED (REGISTERED NUMBER: 04901109)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 468,873 334,025
Taxation and social security 56,193 53,144
Other creditors 7,931 4,811
532,997 391,980

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr B Wynne
Balance outstanding at start of year 2,234 -
Amounts advanced 50,841 2,234
Amounts repaid (52,009 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,066 2,234

Mr M G Clough
Balance outstanding at start of year 11,905 -
Amounts advanced 82,123 11,905
Amounts repaid (95,976 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,948 ) 11,905

Mr S C Goldsmith
Balance outstanding at start of year 11,905 -
Amounts advanced 77,553 11,905
Amounts repaid (91,406 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,948 ) 11,905