Registered number
10073698
GSW Consultants Limited
Filleted Accounts
31 March 2024
GSW Consultants Limited
Registered number: 10073698
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,758 29,698
Current assets
Cash at bank and in hand 176,701 146,423
Creditors: amounts falling due within one year 4 (85,458) (100,505)
Net current assets 91,243 45,918
Net assets 115,001 75,616
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,901 75,516
Shareholder's funds 115,001 75,616
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.
Mr G S Winterson
Director
Approved by the board on 12 December 2024
GSW Consultants Limited
Notes to the Accounts
for the year ended 31 March 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 58,003
At 31 March 2024 58,003
Depreciation
At 1 April 2023 28,305
Charge for the year 5,940
At 31 March 2024 34,245
Net book value
At 31 March 2024 23,758
At 31 March 2023 29,698
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 5,976 10,118
Other creditors 79,482 90,387
85,458 100,505
5 Other information
GSW Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
55 Dean Lane
Winchester
Hampshire
SO22 5JR
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