Company Registration No. 11866618 (England and Wales)
G.V. Welch Limited
Unaudited accounts
for the year ended 31 March 2024
G.V. Welch Limited
Unaudited accounts
Contents
G.V. Welch Limited
Company Information
for the year ended 31 March 2024
Director
Gareth Victor Welch
Company Number
11866618 (England and Wales)
Registered Office
Eureka House
Higher Downgate
Callington
Cornwall
PL17 8HL
United Kingdom
Accountants
BookBusters t/n of Castle Home Loans Limited
Eureka House
Higher Downgate
Callington
Cornwall
PL17 8HL
G.V. Welch Limited
Statement of financial position
as at 31 March 2024
Tangible assets
22,322
23,641
Cash at bank and in hand
10,622
9,381
Creditors: amounts falling due within one year
(4,053)
(3,247)
Net current assets
6,569
6,134
Total assets less current liabilities
28,891
29,775
Creditors: amounts falling due after more than one year
(10,833)
(15,833)
Called up share capital
100
100
Profit and loss account
17,958
13,842
Shareholders' funds
18,058
13,942
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2024 and were signed on its behalf by
Gareth Victor Welch
Director
Company Registration No. 11866618
G.V. Welch Limited
Notes to the Accounts
for the year ended 31 March 2024
G.V. Welch Limited is a private company, limited by shares, registered in England and Wales, registration number 11866618. The registered office is Eureka House, Higher Downgate, Callington, Cornwall, PL17 8HL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2023
4,230
39,753
43,983
At 31 March 2024
10,351
39,753
50,104
At 1 April 2023
2,167
18,175
20,342
Charge for the year
2,046
5,394
7,440
At 31 March 2024
4,213
23,569
27,782
At 31 March 2024
6,138
16,184
22,322
At 31 March 2023
2,063
21,578
23,641
5
Creditors: amounts falling due within one year
2024
2023
G.V. Welch Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).