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Company No: 06364033 (England and Wales)

G.W. DRAINS LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

G.W. DRAINS LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

G.W. DRAINS LTD

COMPANY INFORMATION

For the financial year ended 30 September 2024
G.W. DRAINS LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTOR G Williams
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 06364033 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
G.W. DRAINS LTD

BALANCE SHEET

As at 30 September 2024
G.W. DRAINS LTD

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 42,266 47,775
42,266 47,775
Current assets
Debtors 4 85,328 56,423
Cash at bank and in hand 101,207 11,519
186,535 67,942
Creditors: amounts falling due within one year 5 ( 93,269) ( 36,674)
Net current assets 93,266 31,268
Total assets less current liabilities 135,532 79,043
Creditors: amounts falling due after more than one year 6 ( 35,264) ( 16,667)
Net assets 100,268 62,376
Capital and reserves
Called-up share capital 100 100
Profit and loss account 100,168 62,276
Total shareholders' funds 100,268 62,376

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

Director's responsibilities:

The financial statements of G.W. Drains Ltd (registered number: 06364033) were approved and authorised for issue by the Director on 26 June 2025. They were signed on its behalf by:

G Williams
Director
G.W. DRAINS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
G.W. DRAINS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G.W. Drains Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 October 2023 52,889 60,855 113,744
Additions 7,090 0 7,090
At 30 September 2024 59,979 60,855 120,834
Accumulated depreciation
At 01 October 2023 34,050 31,919 65,969
Charge for the financial year 5,365 7,234 12,599
At 30 September 2024 39,415 39,153 78,568
Net book value
At 30 September 2024 20,564 21,702 42,266
At 30 September 2023 18,839 28,936 47,775

4. Debtors

2024 2023
£ £
Other debtors 85,328 56,423

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 24,962 9,038
Trade creditors 1,243 2,575
Taxation and social security 60,327 18,417
Other creditors 6,737 6,644
93,269 36,674

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 35,264 16,667

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts Advanced 168,842 162,931
Amounts Repaid (139,090) (149,063)

At the year end the balance owing to the company was £83,137 (2023- £53,385). Interest is charged on loans at the official rate set by HMRC. The loan to the directors are repayable on demand.