Registered number
11281323
EGW Systems Limited
Filleted Accounts
31 March 2024
EGW Systems Limited Registered number
Balance Sheet 11281323
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 6,096 6,584
Cash at bank and in hand 724 306
6,820 6,890
Creditors: amounts falling due within one year 5 (15,251) (13,494)
Net current liabilities (8,431) (6,604)
Total assets less current liabilities (8,431) (6,604)
Creditors: amounts falling due after more than one year 6 (2,322) (4,259)
Net liabilities (10,753) (10,863)
Capital and reserves
Called up share capital 2 2
Profit and loss account (10,755) (10,865)
Shareholders' funds (10,753) (10,863)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K A Meister
Director
Approved by the board on 19 June 2025
EGW Systems Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Going concern basis
The company's balance sheet at 31 March 2024 shows a deficit. However, the directors do not believe that it would be meaningful to prepare the accounts on anything other than the going concern basis.
Turnover
Turnover represents the amount receivable for goods and services supplied, net of value added tax.
Intangible fixed assets - goodwill
Purchased goodwill has been capitalised and amortised over its estimated useful life at the rate of 20% p.a. on the straight line basis.
2 Employees 2024 2023
Number Number
Average number of employees and company officers 2 2
3 Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 and 31 March 2023 -
4 Debtors 2024 2023
£ £
Other debtors 6,096 6,584
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 1,938 1,891
Corporation tax 771 575
Other taxes 6,278 3,649
Other creditors 6,264 7,379
15,251 13,494
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 2,322 4,259
7 Controlling parties
The company is controlled by the directors, who between them own the company's entire issued share capital.
8 Other information
EGW Systems Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Britten Close, Langdon Hills, Basildon, Essex SS16 6TB.
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