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REGISTERED NUMBER: 07907665 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

GARRY WAKEHAM LTD

GARRY WAKEHAM LTD (REGISTERED NUMBER: 07907665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GARRY WAKEHAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: Mr G Wakeham





REGISTERED OFFICE: 5 Oakwood Rise
Clydach
Swansea
SA8 4DX





REGISTERED NUMBER: 07907665 (England and Wales)

GARRY WAKEHAM LTD (REGISTERED NUMBER: 07907665)

ABRIDGED BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 61,073 28,673

CURRENT ASSETS
Debtors 10,143 73,219
Cash at bank 69,765 66,622
79,908 139,841
CREDITORS
Amounts falling due within one year 11,884 27,533
NET CURRENT ASSETS 68,024 112,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,097

140,981

CREDITORS
Amounts falling due after more than one
year

(11,567

)

(17,598

)

PROVISIONS FOR LIABILITIES (11,600 ) (5,500 )
NET ASSETS 105,930 117,883

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 907 907
Retained earnings 104,923 116,876
SHAREHOLDERS' FUNDS 105,930 117,883

GARRY WAKEHAM LTD (REGISTERED NUMBER: 07907665)

ABRIDGED BALANCE SHEET - continued
31ST JANUARY 2024


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

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

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th September 2024 and were signed by:





Mr G Wakeham - Director


GARRY WAKEHAM LTD (REGISTERED NUMBER: 07907665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Garry Wakeham Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

GARRY WAKEHAM LTD (REGISTERED NUMBER: 07907665)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 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.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1st February 2023 76,472
Additions 41,586
At 31st January 2024 118,058
DEPRECIATION
At 1st February 2023 47,799
Charge for year 9,186
At 31st January 2024 56,985
NET BOOK VALUE
At 31st January 2024 61,073
At 31st January 2023 28,673

GARRY WAKEHAM LTD (REGISTERED NUMBER: 07907665)

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

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£ £
Mr G Wakeham
Balance outstanding at start of year 62,455 -
Amounts advanced - 62,455
Amounts repaid (62,455 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 62,455

The balance outstanding at the start of the year was repaid in October 2023.