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Company Registration No. 13527202 (England and Wales)
Gsw Developments Ltd Unaudited accounts for the year ended 31 July 2024
Gsw Developments Ltd Unaudited accounts Contents
Page
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Gsw Developments Ltd Company Information for the year ended 31 July 2024
Director
Graham Wild
Company Number
13527202 (England and Wales)
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Gsw Developments Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,940 
15,985 
Current assets
Inventories
29,740 
31,180 
Debtors
7,629 
22,407 
Cash at bank and in hand
20,367 
6,298 
57,736 
59,885 
Creditors: amounts falling due within one year
(35,432)
(49,739)
Net current assets
22,304 
10,146 
Net assets
34,244 
26,131 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
34,144 
26,031 
Shareholders' funds
34,244 
26,131 
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 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 10 January 2025 and were signed on its behalf by
Graham Wild Director Company Registration No. 13527202
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Gsw Developments Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Gsw Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13527202.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
3 year straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
20,994 
378 
21,372 
At 31 July 2024
20,994 
378 
21,372 
Depreciation
At 1 August 2023
5,313 
74 
5,387 
Charge for the year
3,920 
125 
4,045 
At 31 July 2024
9,233 
199 
9,432 
Net book value
At 31 July 2024
11,761 
179 
11,940 
At 31 July 2023
15,681 
304 
15,985 
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Gsw Developments Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,624 
10,849 
Trade debtors
80 
- 
Accrued income and prepayments
1,063 
740 
Other debtors
1,862 
10,818 
7,629 
22,407 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
6,020 
24,631 
Taxes and social security
5,198 
6,765 
Loans from directors
23,254 
17,166 
Accruals
960 
1,177 
35,432 
49,739 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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