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Registration number: 09488609

Gareth Wingrove Special Effects Limited

Annual Report and Unaudited Abridged Financial Statements

for the Period from 31 March 2023 to 31 March 2024

 

Gareth Wingrove Special Effects Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Gareth Wingrove Special Effects Limited

Company Information

Director

G Wingrove

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Gareth Wingrove Special Effects Limited

(Registration number: 09488609)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

fixed assets

 

tangible assets

3

280,343

65,879

Current assets

 

Debtors

5,538

48,575

Cash at bank and in hand

 

6,128

17,124

 

11,666

65,699

Creditors: Amounts falling due within one year

(230,097)

(118,118)

Net current liabilities

 

(218,431)

(52,419)

Total assets less current liabilities

 

61,912

13,460

Provisions for liabilities

(12,517)

(12,517)

Net assets

 

49,395

943

capital and reserves

 

Called up share capital

1

1

Profit and loss account

49,394

942

Shareholders' funds

 

49,395

943

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 16 October 2024
 

 

Gareth Wingrove Special Effects Limited

(Registration number: 09488609)
Abridged Balance Sheet as at 31 March 2024

.........................................
G Wingrove
Director

   
     
 

Gareth Wingrove Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 March 2023 to 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Gareth Wingrove Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 March 2023 to 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Furniture and fittings

25% reducing balance

Office Equipment

33.3% Straight line basis

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

Gareth Wingrove Special Effects Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 31 March 2023 to 31 March 2024

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 31 March 2023

2,200

180,987

237

183,424

Additions

-

304,569

3,849

308,418

At 31 March 2024

2,200

485,556

4,086

491,842

Depreciation

At 31 March 2023

1,366

116,021

158

117,545

Charge for the period

208

92,384

1,362

93,954

At 31 March 2024

1,574

208,405

1,520

211,499

Carrying amount

At 31 March 2024

626

277,151

2,566

280,343

At 30 March 2023

834

64,966

79

65,879

4

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1