Company Registration No. 09745062 (England and Wales)
GW Hire Limited
Unaudited accounts
for the year ended 30 September 2024
GW Hire Limited
Unaudited accounts
Contents
GW Hire Limited
Company Information
for the year ended 30 September 2024
Directors
Charlotte Bradley
John Edward Greenwood
Company Number
09745062 (England and Wales)
Registered Office
Roundabout Farm
Spital Road
Staxton
Scarborough
YO12 4NW
England
Accountants
Wright Pottage Limited
Europa House
20 Esplanade
Scarborough
North Yorkshire
YO11 2AQ
GW Hire Limited
Statement of financial position
as at 30 September 2024
Debtors
13,510,680
10,538,271
Cash at bank and in hand
766,842
704,388
Creditors: amounts falling due within one year
(6,517,590)
(3,932,561)
Net current assets
7,759,932
7,310,098
Net assets
7,759,932
7,310,098
Called up share capital
100
100
Profit and loss account
7,759,832
7,309,998
Shareholders' funds
7,759,932
7,310,098
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by
John Edward Greenwood
Director
Company Registration No. 09745062
GW Hire Limited
Notes to the Accounts
for the year ended 30 September 2024
GW Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 09745062. The registered office is Roundabout Farm, Spital Road, Staxton, Scarborough, YO12 4NW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GW Hire Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment
At 30 September 2024
21,787
At 30 September 2024
21,787
Amounts falling due within one year
Trade debtors
2,025,233
2,104,768
Amounts due from group undertakings etc.
11,480,527
8,428,686
Deferred tax asset
1,420
1,317
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
24,079
17,244
Amounts owed to group undertakings and other participating interests
6,146,338
3,780,509
Taxes and social security
346,023
61,739
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2023: 1).