G J Ward Limited 08516592 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is painters and decorators. Digita Accounts Production Advanced 6.30.9574.0 true true 08516592 2023-12-01 2024-11-30 08516592 2024-11-30 08516592 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-11-30 08516592 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-11-30 08516592 core:CurrentFinancialInstruments 2024-11-30 08516592 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 08516592 core:Non-currentFinancialInstruments 2024-11-30 08516592 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 08516592 core:MotorVehicles 2024-11-30 08516592 core:OfficeEquipment 2024-11-30 08516592 bus:SmallEntities 2023-12-01 2024-11-30 08516592 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 08516592 bus:FilletedAccounts 2023-12-01 2024-11-30 08516592 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08516592 bus:RegisteredOffice 2023-12-01 2024-11-30 08516592 bus:Director1 2023-12-01 2024-11-30 08516592 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08516592 core:MotorVehicles 2023-12-01 2024-11-30 08516592 core:OfficeEquipment 2023-12-01 2024-11-30 08516592 countries:EnglandWales 2023-12-01 2024-11-30 08516592 2023-11-30 08516592 core:MotorVehicles 2023-11-30 08516592 core:OfficeEquipment 2023-11-30 08516592 2022-12-01 2023-11-30 08516592 2023-11-30 08516592 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-11-30 08516592 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-11-30 08516592 core:CurrentFinancialInstruments 2023-11-30 08516592 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 08516592 core:Non-currentFinancialInstruments 2023-11-30 08516592 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 08516592 core:MotorVehicles 2023-11-30 08516592 core:OfficeEquipment 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 08516592

G J Ward Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

G J Ward Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

G J Ward Limited

(Registration number: 08516592)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,882

6,124

Current assets

 

Debtors

5

2,876

11,772

Cash at bank and in hand

 

16,984

9,976

 

19,860

21,748

Creditors: Amounts falling due within one year

6

(18,601)

(18,623)

Net current assets

 

1,259

3,125

Total assets less current liabilities

 

16,141

9,249

Creditors: Amounts falling due after more than one year

6

(10,858)

(3,292)

Provisions for liabilities

(3,720)

(1,530)

Net assets

 

1,563

4,427

Capital and reserves

 

Called up share capital

12

12

Retained earnings

1,551

4,415

Shareholders' funds

 

1,563

4,427

 

G J Ward Limited

(Registration number: 08516592)
Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
G J Ward
Director

 

G J Ward Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31a Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

G J Ward Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Office equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

G J Ward Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

574

18,589

19,163

Additions

-

13,750

13,750

At 30 November 2024

574

32,339

32,913

Depreciation

At 1 December 2023

294

12,745

13,039

Charge for the year

94

4,898

4,992

At 30 November 2024

388

17,643

18,031

Carrying amount

At 30 November 2024

186

14,696

14,882

At 30 November 2023

280

5,844

6,124

5

Debtors

2024
£

2023
£

Trade debtors

-

7,210

Other debtors

2,381

3,985

Prepayments

495

577

2,876

11,772

 

G J Ward Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,819

1,400

Trade creditors

 

390

-

Taxation and social security

 

10,007

15,305

Other creditors

 

4,385

1,918

 

18,601

18,623

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

10,858

3,292

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,369

1,400

Hire purchase contracts

2,450

-

3,819

1,400

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,079

3,292

Hire purchase contracts

8,779

-

10,858

3,292