2023-08-01 2024-07-31 false Capium Accounts Production 1.1 09676558 2023-08-01 2024-07-31 09676558 bus:AbridgedAccounts 2023-08-01 2024-07-31 09676558 bus:FRS102 2023-08-01 2024-07-31 09676558 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09676558 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09676558 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09676558 2023-08-01 2024-07-31 09676558 2024-07-31 09676558 bus:RegisteredOffice 2023-08-01 2024-07-31 09676558 core:WithinOneYear 2024-07-31 09676558 core:AfterOneYear 2024-07-31 09676558 1 2023-08-01 2024-07-31 09676558 bus:Director1 2023-08-01 2024-07-31 09676558 bus:Director1 2024-07-31 09676558 bus:Director1 2022-08-01 2023-07-31 09676558 2022-08-01 09676558 bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 09676558 2022-08-01 2023-07-31 09676558 2023-07-31 09676558 core:WithinOneYear 2023-07-31 09676558 core:AfterOneYear 2023-07-31 09676558 bus:EntityAccountantsOrAuditors 2022-08-01 2023-07-31 09676558 core:ComputerEquipment 2023-08-01 2024-07-31 09676558 core:ComputerEquipment 2024-07-31 09676558 core:ComputerEquipment 2023-07-31 09676558 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-07-31 09676558 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 09676558 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 09676558 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 09676558 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 09676558 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 09676558 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-07-31 09676558 core:Non-currentFinancialInstruments 2024-07-31 09676558 core:Non-currentFinancialInstruments 2023-07-31 09676558 core:ShareCapital 2024-07-31 09676558 core:ShareCapital 2023-07-31 09676558 core:RetainedEarningsAccumulatedLosses 2024-07-31 09676558 core:RetainedEarningsAccumulatedLosses 2023-07-31 09676558 dpl:Item1 2023-08-01 09676558 dpl:Item1 2024-07-31 09676558 dpl:Item1 2022-08-01 09676558 dpl:Item1 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09676558
England and Wales

 

 

 

GWNG LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,829    2,151 
1,829    2,151 
Current assets      
Stocks 85,000    70,000 
Debtors 135,312    105,568 
Cash at bank and in hand 163,677    169,033 
383,989    344,601 
Creditors: amount falling due within one year (71,417)   (67,206)
Net current assets 312,572    277,395 
 
Total assets less current liabilities 314,401    279,546 
Creditors: amount falling due after more than one year (28,534)   (35,022)
Net assets 285,867    244,524 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 285,866    244,523 
Shareholders' funds 285,867    244,524 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 03 March 2025 and were signed by:


-------------------------------
Guy Nuttall
Director
1
General Information
Gwng Ltd is a private company, limited by shares, registered in England and Wales, registration number 09676558, registration address The Counting House 4A Moss Lane, Swinton, Manchester, M27 9SA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 August 2023 5,652    5,652 
Additions  
Disposals  
At 31 July 2024 5,652    5,652 
Depreciation
At 01 August 2023 3,501    3,501 
Charge for year 322    322 
On disposals  
At 31 July 2024 3,823    3,823 
Net book values
Closing balance as at 31 July 2024 1,829    1,829 
Opening balance as at 01 August 2023 2,151    2,151 


2