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Registered number: 07485635

GWC Electrical limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

GWC Electrical limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Graham Wolstencroft
REGISTERED OFFICE
Michael Thompson Yard
St Ninians Road
Carlisle
CA2 4NE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07485635
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

GWC Electrical limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GWC Electrical limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets32,6223,277
CURRENT ASSETS
Debtors4139,414133,978
Cash at bank and in hand5,88134,824
145,295168,802
CREDITORS: Amounts falling due within one year546,31663,727
NET CURRENT ASSETS98,979105,075
TOTAL ASSETS LESS CURRENT LIABILITIES101,601108,352
CREDITORS: Amounts falling due after more than one year69,00015,000
PROVISIONS FOR LIABILITIES AND CHARGES778778
NET ASSETS91,82392,574
CAPITAL AND RESERVES
Called up share capital7110110
Profit and loss account91,71392,464
SHAREHOLDERS' FUNDS91,82392,574
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/10/2024 and signed on their behalf by
.............................
Graham Wolstencroft
Director

GWC Electrical limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 20%
Equipmentreducing balance 20%
2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/02/20231,7217,1002,14310,964
At 31/01/20241,7217,1002,14310,964
Depreciation
At 01/02/20231,0824,9671,6387,687
For the year128426101655
At 31/01/20241,2105,3931,7398,342
Net Book Amounts
At 31/01/20245111,7074042,622
At 31/01/20236392,1335053,277

GWC Electrical limited

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors6,593993
Other tax and social security creditors181345
Other debtors132,640132,640
139,414133,978
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-8,098
VAT7523,410
Directors current account37,39541,825
Bank loan6,0006,000
Credit card-1,141
Trade creditors1,0692,303
Other creditors150-
Accruals950950
46,31663,727
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr9,00015,000
9,00015,000
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
10 Class B shares of £1 each1010
110110

GWC Electrical limited

8. RELATED PARTY TRANSACTIONS
No salary was paid to the director during the year (2023 - £2,990).
No dividend (2023 - £Nil)) was paid to the director during the year.
At the balance sheet date a loan of £37,395 was owed to the director by the company (2023 - £41,825). The loan is unsecured, interest free and repayable on demand.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 07485635.
The company's registered office is Michael Thompson Yard, St Ninians Road, Carlisle, Cumbria, CA2 4NE.