Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11279550 Mr Stuart McCarthy Mr Christopher Duder iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11279550 2023-03-31 11279550 2024-03-31 11279550 2023-04-01 2024-03-31 11279550 frs-core:CurrentFinancialInstruments 2024-03-31 11279550 frs-core:ComputerEquipment 2024-03-31 11279550 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11279550 frs-core:ComputerEquipment 2023-03-31 11279550 frs-core:FurnitureFittings 2024-03-31 11279550 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11279550 frs-core:FurnitureFittings 2023-03-31 11279550 frs-core:ShareCapital 2024-03-31 11279550 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11279550 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11279550 frs-bus:SmallEntities 2023-04-01 2024-03-31 11279550 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11279550 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11279550 frs-bus:Director1 2023-04-01 2024-03-31 11279550 frs-bus:Director2 2023-04-01 2024-03-31 11279550 frs-countries:EnglandWales 2023-04-01 2024-03-31 11279550 2022-03-31 11279550 2023-03-31 11279550 2022-04-01 2023-03-31 11279550 frs-core:CurrentFinancialInstruments 2023-03-31 11279550 frs-core:ShareCapital 2023-03-31
Registered number: 11279550
GWD Finance Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
FMA Accountants
Chartered Certified Accountants
C/O FMA Online Ltd
Building 3 Chiswick Business Park
566 Chiswick High Road
Chiswick
W4 5YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11279550
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,846 3,227
2,846 3,227
CURRENT ASSETS
Debtors 5 52,612 51,830
Cash at bank and in hand 28,389 17,988
81,001 69,818
Creditors: Amounts Falling Due Within One Year 6 (83,446 ) (72,645 )
NET CURRENT ASSETS (LIABILITIES) (2,445 ) (2,827 )
TOTAL ASSETS LESS CURRENT LIABILITIES 401 400
NET ASSETS 401 400
CAPITAL AND RESERVES
Called up share capital 7 400 400
SHAREHOLDERS' FUNDS 400 400
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Duder
Director
07/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GWD Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11279550 . The registered office is 11 Old Bond Street, Mayfair, London, W1S 4PN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,386 6,786 8,172
Additions - 1,209 1,209
As at 31 March 2024 1,386 7,995 9,381
Depreciation
As at 1 April 2023 607 4,338 4,945
Provided during the period 346 1,244 1,590
As at 31 March 2024 953 5,582 6,535
Net Book Value
As at 31 March 2024 433 2,413 2,846
As at 1 April 2023 779 2,448 3,227
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 400 400
Other taxes and social security - 1
Directors' loan accounts 52,212 51,429
52,612 51,830
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 82,517 67,557
Other taxes and social security 929 -
Net wages - 88
Accruals - 5,000
83,446 72,645
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
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