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REGISTERED NUMBER: 09061036 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

GWAS Management Limited

GWAS Management Limited (Registered number: 09061036)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


GWAS Management Limited (Registered number: 09061036)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,456 144,236

CURRENT ASSETS
Debtors 5 36,720 47,975
Cash at bank 61,282 29,569
98,002 77,544
CREDITORS
Amounts falling due within one year 6 130,250 165,798
NET CURRENT LIABILITIES (32,248 ) (88,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,208

55,982

PROVISIONS FOR LIABILITIES 24,864 36,059
NET ASSETS 42,344 19,923

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 42,044 19,623
SHAREHOLDERS' FUNDS 42,344 19,923

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

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

GWAS Management Limited (Registered number: 09061036)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





A R J Foster - Director


GWAS Management Limited (Registered number: 09061036)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

GWAS Management Limited is a private company, limited by shares, registered in England. It's registered office address is Main Office, Prospect Street, Bradford, BD4 7AH, and its registered number is 09061036.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of services provided to customers, net of value added tax, during the year.

Tangible fixed assets
Tangible fixed assets are depreciated using a straight line basis over their estimated useful life at an annual rate of 20%. No depreciation is provided in the month of purchase.

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
Contributions payable to the personal pensions for two directors are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 224,423
DEPRECIATION
At 1 June 2023 80,187
Charge for year 44,780
At 31 May 2024 124,967
NET BOOK VALUE
At 31 May 2024 99,456
At 31 May 2023 144,236

GWAS Management Limited (Registered number: 09061036)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 35,952 42,872
Directors' current accounts - 5,103
Prepayments 768 -
36,720 47,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 8,824 1
Taxation and social security 114,484 88,096
Other creditors 6,942 77,701
130,250 165,798

7. RELATED PARTY DISCLOSURES

The company has purchased consultancy services and expenses from related parties in the year totalling £62,000 (2023: £58,500).The company has made sales to a related party in the year totalling £511,702 (2023: £526,716).

An amount of £8,825 (2023: £Nil) was due to related parties and a balance of £35,952 (2023: £42,872 ) was owed to the company from a related party, at the year end.