Company registration number 07067590 (England and Wales)
GENTWELL SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GENTWELL SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GENTWELL SERVICES LTD (REGISTERED NUMBER: 07067590)
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,886
8,963
Current assets
Debtors
4
75,185
154,320
Cash at bank and in hand
132,541
115,456
207,726
269,776
Creditors: amounts falling due within one year
5
(55,445)
(72,444)
Net current assets
152,281
197,332
Total assets less current liabilities
159,167
206,295
Provisions for liabilities
(1,624)
(2,040)
Net assets
157,543
204,255
Capital and reserves
Called up share capital
5
5
Profit and loss reserves
157,538
204,250
Total equity
157,543
204,255
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 22 May 2025
Mr S Thomas
Director
GENTWELL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information
Gentwell Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 106 Greenvale Road, London, England, SE9 1PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover from services is recognised in the period where work is completed at pre determined rates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% straight line
Computers
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
GENTWELL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
36
42
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 December 2023
12,823
17,107
29,930
Additions
943
1,551
2,494
Disposals
(4,486)
(4,486)
At 30 November 2024
13,766
14,172
27,938
Depreciation and impairment
At 1 December 2023
11,036
9,931
20,967
Depreciation charged in the year
787
3,128
3,915
Eliminated in respect of disposals
(3,830)
(3,830)
At 30 November 2024
11,823
9,229
21,052
Carrying amount
At 30 November 2024
1,943
4,943
6,886
At 30 November 2023
1,787
7,176
8,963
GENTWELL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
59,368
88,471
Other debtors
15,817
65,849
75,185
154,320
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,886
7,634
Taxation and social security
42,676
56,723
Other creditors
4,883
8,087
55,445
72,444
6
Director's transactions
As at the balance sheet date, there was an overdrawn directors' loan account balance of £1,123 (2023: £51,841), this balance is included within other debtors. This balance has been repaid within nine months of the year-end.
This amount includes interest charged totalling £811 (2023: £535).