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REGISTERED NUMBER: 06119883 (England and Wales)




















Gavin Willis Creative Marketing Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Gavin Willis Creative Marketing Limited (Registered number: 06119883)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Gavin Willis Creative Marketing Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr G G Willis
Mrs S C Willis





SECRETARY: Mrs S C Willis





REGISTERED OFFICE: Sepulchre House Sheep Street
79 Sheep Street
Northampton
Northamptonshire
NN1 2NE





REGISTERED NUMBER: 06119883 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Gavin Willis Creative Marketing Limited (Registered number: 06119883)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,349 2,752
3,349 2,752

CURRENT ASSETS
Debtors 6 122,433 104,095
Cash at bank and in hand 299,750 272,015
422,183 376,110
CREDITORS
Amounts falling due within one year 7 84,145 63,673
NET CURRENT ASSETS 338,038 312,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,387

315,189

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 341,287 315,089
SHAREHOLDERS' FUNDS 341,387 315,189

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 27 November 2024 and were signed on its behalf by:





Mr G G Willis - Director


Gavin Willis Creative Marketing Limited (Registered number: 06119883)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Gavin Willis Creative Marketing 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 applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 Section 1A") and with the Companies Act 2006. The financial statements have been prepared under the historical cost basis.

The financial statements are presented in Sterling (£) and cover the period to the 31st March each year.

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, being the amount paid in connection with the acquisition of a business in 2007, has been amortised evenly over its estimated useful life of ten years.

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 - 30% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 30% 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.

Gavin Willis Creative Marketing Limited (Registered number: 06119883)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Leasing commitments
Rentals under operating leases are charged on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 308,000
AMORTISATION
At 1 April 2023
and 31 March 2024 308,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Gavin Willis Creative Marketing Limited (Registered number: 06119883)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,350 10,168 30,772 42,290
Additions - - 1,930 1,930
At 31 March 2024 1,350 10,168 32,702 44,220
DEPRECIATION
At 1 April 2023 1,350 9,233 28,955 39,538
Charge for year - 308 1,025 1,333
At 31 March 2024 1,350 9,541 29,980 40,871
NET BOOK VALUE
At 31 March 2024 - 627 2,722 3,349
At 31 March 2023 - 935 1,817 2,752

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,995 101,595
Other debtors 5,438 2,500
122,433 104,095

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,577 5,542
Taxation and social security 72,493 39,155
Other creditors 7,075 18,976
84,145 63,673

Gavin Willis Creative Marketing Limited (Registered number: 06119883)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. FINANCIAL INSTRUMENTS

The company does not have significant exposure to foreign currency, liquidity, cash flow and interest rate risks due to the nature of its trade. Exposure to credit and market risks arise in the normal course of the company's business. These risks are limited by the company's financial management policies and practices described below.

Credit risk
The company has exposure to credit risks predominately emanating from its customers. The company's exposure and its customers' credit worthiness is monitored so that any potential problems are detected at an early stage. Regular billing helps to ensure that the exposure to credit risk is minimised.

Market risk
There is a market risk associated with the fluctuation in demand for the services provided by the company. Most of this is mitigated by monitoring the markets to ensure that overheads and costs are tailored to the demand for the services offered.

The company holds no derivative financial instruments at the year end.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 315,089
Profit for the year 114,523
Dividends (88,325 )
At 31 March 2024 341,287