Registered number
08400225
GW Assist Limited
Filleted Accounts
29 February 2024
GW Assist Limited
Registered number: 08400225
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 82,535 54,101
Current assets
Debtors 5 8,432 4,188
Cash at bank and in hand 25,574 8,592
34,006 12,780
Creditors: amounts falling due within one year 6 (38,707) (30,853)
Net current liabilities (4,701) (18,073)
Total assets less current liabilities 77,834 36,028
Creditors: amounts falling due after more than one year 7 (39,452) (14,684)
Net assets 38,382 21,344
Capital and reserves
Called up share capital 1 1
Profit and loss account 38,381 21,343
Shareholder's funds 38,382 21,344
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Wilkinson
Director
Approved by the board on 28 November 2024
GW Assist Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 10 years
Plant and machinery over 10 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 10,000
At 29 February 2024 10,000
Amortisation
At 1 March 2023 10,000
At 29 February 2024 10,000
Net book value
At 29 February 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 8,152 75,200 83,352
Additions 827 40,028 40,855
At 29 February 2024 8,979 115,228 124,207
Depreciation
At 1 March 2023 5,111 24,140 29,251
Charge for the year 898 11,523 12,421
At 29 February 2024 6,009 35,663 41,672
Net book value
At 29 February 2024 2,970 79,565 82,535
At 28 February 2023 3,041 51,060 54,101
5 Debtors 2024 2023
£ £
Trade debtors 8,432 4,188
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,320 -
Trade creditors 760 850
Taxation and social security costs 4,360 1,797
Director's loan account 28,267 28,206
38,707 30,853
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,615 14,684
Obligations under finance lease and hire purchase contracts 25,837 -
39,452 14,684
8 Other information
GW Assist Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3
Camelot Way
South Elmsall
West Yorkshire
WF9 2HX
GW Assist Limited 08400225 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 G Wilkinson No description of principal activity 08400225 2022-03-01 2023-02-28 08400225 core:WithinOneYear 2023-02-28 08400225 core:AfterOneYear 2023-02-28 08400225 core:ShareCapital 2023-02-28 08400225 core:RetainedEarningsAccumulatedLosses 2023-02-28 08400225 2023-03-01 2024-02-29 08400225 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08400225 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08400225 bus:Director40 2023-03-01 2024-02-29 08400225 core:PlantMachinery 2023-03-01 2024-02-29 08400225 core:Vehicles 2023-03-01 2024-02-29 08400225 countries:England 2023-03-01 2024-02-29 08400225 bus:FRS102 2023-03-01 2024-02-29 08400225 bus:FilletedAccounts 2023-03-01 2024-02-29 08400225 2024-02-29 08400225 core:WithinOneYear 2024-02-29 08400225 core:AfterOneYear 2024-02-29 08400225 core:ShareCapital 2024-02-29 08400225 core:RetainedEarningsAccumulatedLosses 2024-02-29 08400225 core:Goodwill 2024-02-29 08400225 core:PlantMachinery 2024-02-29 08400225 core:Vehicles 2024-02-29 08400225 2023-02-28 08400225 core:Goodwill 2023-02-28 08400225 core:PlantMachinery 2023-02-28 08400225 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure