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Registered number: 04478438
Gretchen Precey Social Work Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04478438
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 564 1,169
564 1,169
CURRENT ASSETS
Debtors 6 146 146
Cash at bank and in hand 14,070 29,965
14,216 30,111
Creditors: Amounts Falling Due Within One Year 7 (6,479 ) (7,211 )
NET CURRENT ASSETS (LIABILITIES) 7,737 22,900
TOTAL ASSETS LESS CURRENT LIABILITIES 8,301 24,069
PROVISIONS FOR LIABILITIES
Deferred Taxation (107 ) (222 )
NET ASSETS 8,194 23,847
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 8,193 23,846
SHAREHOLDERS' FUNDS 8,194 23,847
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs G Precey
Director
24/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gretchen Precey Social Work Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04478438 . The registered office is Apartment 5, 4 Tanner Street, London, SE1 3LD.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
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.
2.4. 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, assets held under finance leases are depreciated in the same way as owned assets:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on straight line
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
Page 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Amortisation
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 2,417 12,712 15,129
As at 31 July 2024 2,417 12,712 15,129
Depreciation
As at 1 August 2023 2,358 11,602 13,960
Provided during the period 14 591 605
As at 31 July 2024 2,372 12,193 14,565
Net Book Value
As at 31 July 2024 45 519 564
As at 1 August 2023 59 1,110 1,169
6. Debtors
2024 2023
£ £
Due within one year
Prepayments 146 146
146 146
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 4,898 5,306
Other creditors 37 224
Accruals and deferred income 1,536 1,464
Director's loan account 8 217
6,479 7,211
8. Related Party Transactions
Included in other creditors is an amount of £8 (2023 - £217) owed to the director of the company. This loan is interest free and repayable on demand.
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