Registered number
10535668
GSPW Limited
Filleted Accounts
31 December 2024
GSPW Limited
Registered number: 10535668
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 567 578
Current assets
Debtors 4 66,542 44,091
Cash at bank and in hand 47,606 120,776
114,148 164,867
Creditors: amounts falling due within one year 5 (28,171) (39,879)
Net current assets 85,977 124,988
Net assets 86,544 125,566
Capital and reserves
Called up share capital 2 2
Profit and loss account 86,542 125,564
Shareholders' funds 86,544 125,566
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.
G P White
Director
Approved by the board on 17 April 2025
GSPW Limited
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of accounting and related services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 2 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 January 2024 6,703
Additions 757
At 31 December 2024 7,460
Depreciation
At 1 January 2024 6,125
Charge for the year 768
At 31 December 2024 6,893
Net book value
At 31 December 2024 567
At 31 December 2023 578
4 Debtors 2024 2023
£ £
Trade debtors 32,787 23,018
Other debtors 33,755 21,073
66,542 44,091
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 18,394 32,971
Other creditors 9,777 6,908
28,171 39,879
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
GP White
Monies advanced net of expenses incurred. Interest is charged at the official rate. 10,165 26,144 (24,823) 11,486
SPR White
Monies advanced net of expenses incurred. Interest is charged at the official rate. 10,908 25,462 (23,360) 13,010
21,073 51,606 (48,183) 24,496
7 Related party transactions
The company holds funds on behalf of GSP White Limited, a company with common shareholders and directors. The balance due to GSP White Limited at the end of the financial year was £5,521 (2023 - £5,521).
8 Controlling party
There is no overall controlling party.
9 Other information
GSPW Limited is a private company limited by shares and incorporated in England. Its registered office is:
137 Heol y Deri
Rhiwbina
Cardiff
CF14 6UH
GSPW Limited 10535668 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 G P White No description of principal activity 10535668 2023-01-01 2023-12-31 10535668 core:WithinOneYear 2023-12-31 10535668 core:ShareCapital 2023-12-31 10535668 core:RetainedEarningsAccumulatedLosses 2023-12-31 10535668 2024-01-01 2024-12-31 10535668 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10535668 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10535668 bus:Director40 2024-01-01 2024-12-31 10535668 1 2024-01-01 2024-12-31 10535668 2 2024-01-01 2024-12-31 10535668 core:PlantMachinery 2024-01-01 2024-12-31 10535668 bus:Director1 2024-01-01 2024-12-31 10535668 bus:Director1 1 2024-01-01 2024-12-31 10535668 bus:Director2 2024-01-01 2024-12-31 10535668 bus:Director2 1 2024-01-01 2024-12-31 10535668 countries:England 2024-01-01 2024-12-31 10535668 bus:FRS102 2024-01-01 2024-12-31 10535668 bus:FilletedAccounts 2024-01-01 2024-12-31 10535668 2024-12-31 10535668 core:WithinOneYear 2024-12-31 10535668 core:ShareCapital 2024-12-31 10535668 core:RetainedEarningsAccumulatedLosses 2024-12-31 10535668 core:PlantMachinery 2024-12-31 10535668 bus:Director1 1 2024-12-31 10535668 bus:Director2 1 2024-12-31 10535668 2023-12-31 10535668 core:PlantMachinery 2023-12-31 10535668 bus:Director1 1 2023-12-31 10535668 bus:Director2 1 2023-12-31 iso4217:GBP xbrli:pure