Registered number: 6855313 | ||||||||
FOR THE YEAR ENDED 31/08/2024 | ||||||||
Prepared By: | ||||||||
Montague Kaye | ||||||||
Accountants & Registered Auditors | ||||||||
82 Reddish Road | ||||||||
Reddish | ||||||||
Stockport | ||||||||
Cheshire | ||||||||
SK5 7QU |
GW Financial Solutions (UK) Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/08/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Cheshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 6855313 | ||||||||
ACCOUNTANTS | ||||||||
Montague Kaye | ||||||||
Accountants & Registered Auditors | ||||||||
82 Reddish Road | ||||||||
Reddish | ||||||||
Stockport | ||||||||
Cheshire | ||||||||
SK5 7QU |
GW Financial Solutions (UK) Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/08/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
GW Financial Solutions (UK) Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
873,525 | 745,709 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 120,654 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 360,382 | 154,167 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 386,859 | 358,996 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Mr A J White | ||||||||||
Director | ||||||||||
GW Financial Solutions (UK) Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/08/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 33% |
1c. Intangible Assets | ||||||||
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. INTANGIBLE FIXED ASSETS | |||||||||
Development | |||||||||
Costs | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/09/2023 | 348,978 | 348,978 | |||||||
Additions | 23,898 | 23,898 | |||||||
At 31/08/2024 | 372,876 | 372,876 | |||||||
Depreciation | |||||||||
At 31/08/2024 | - | - | |||||||
Net Book Amounts | |||||||||
At 31/08/2024 | |||||||||
At 31/08/2023 | |||||||||
Profit and loss reserves include £348,978 of non distributable reserves. | |||||||||
GW Financial Solutions (UK) Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/09/2023 | 67,000 | 108,753 | 175,753 | |||
Additions | 1,770 | 12,240 | 14,010 | |||
At 31/08/2024 | 68,770 | 120,993 | 189,763 | |||
Depreciation | ||||||
At 01/09/2023 | 43,424 | 88,795 | 132,219 | |||
For the year | 3,802 | 10,625 | 14,427 | |||
At 31/08/2024 | 47,226 | 99,420 | 146,646 | |||
Net Book Amounts | ||||||
At 31/08/2024 | 43,117 | |||||
At 31/08/2023 | 43,534 | |||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 311,536 | 240,204 | ||||||
Amounts due from related undertakings | 27,270 | 27,025 | ||||||
Prepayments | 280,569 | 205,473 | ||||||
Directors current account | 127,615 | 121,367 | ||||||
Directors current account | - | 145,127 | ||||||
746,990 | 739,196 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 3,217 | 3,217 | ||||||
PAYE control | 42,069 | 304,896 | ||||||
Directors current account | 26,533 | - | ||||||
Loans | 425,903 | 276,000 | ||||||
Credit card | 4,726 | 9,913 | ||||||
Trade creditors | 7,335 | 6,440 | ||||||
Pension schemes | 7,386 | 94 | ||||||
Accruals | 25,105 | 24,495 | ||||||
542,274 | 625,055 | |||||||
GW Financial Solutions (UK) Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans | 360,382 | 154,167 | ||||||
360,382 | 154,167 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 69 | |||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
1 | 1 | |||||||
3 | 3 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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