Company registration number 4581698 (England and Wales)
GWB ENGINEERING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GWB ENGINEERING LIMITED
COMPANY INFORMATION
Director
G B Brydon
Company number
4581698
Registered office
Create Business Hub Ground Floor
5 Rayleigh Road
Shenfield
Essex
England
CM13 1AB
Accountants
Xeinadin South East Ltd
Create Business Hub
Ground Floor , 5 Rayleigh Road
Hutton
Brentwood
Essex
CM13 1AB
GWB ENGINEERING LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
GWB ENGINEERING LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

The director presents his annual report and financial statements for the year ended 30 November 2024.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

G B Brydon
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
G B Brydon
Director
29 August 2025
GWB ENGINEERING LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF GWB ENGINEERING LIMITED
- 2 -

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

 

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Xeinadin South East Ltd
Create Business Hub
Ground Floor , 5 Rayleigh Road
Hutton
Brentwood
Essex
CM13 1AB
29 August 2025
GWB ENGINEERING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
38,142
8,640
Cost of sales
(26,640)
(1,970)
Gross profit
11,502
6,670
Administrative expenses
(9,734)
(7,178)
Profit/(loss) before taxation
1,768
(508)
Tax on profit/(loss)
-
0
-
0
Profit/(loss) for the financial year
1,768
(508)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

GWB ENGINEERING LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
408
480
Current assets
Stocks
-
3,306
Cash at bank and in hand
8,656
928
8,656
4,234
Creditors: amounts falling due within one year
4
(6,046)
(3,464)
Net current assets
2,610
770
Total assets less current liabilities
3,018
1,250
Provisions for liabilities
(476)
(476)
Net assets
2,542
774
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
2,540
772
Total equity
2,542
774

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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 29 August 2025
G B Brydon
Director
Company registration number 4581698 (England and Wales)
GWB ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
1
Accounting policies
Company information

GWB Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Create Business Hub Ground Floor, 5 Rayleigh Road, Shenfield, Essex, England, CM13 1AB.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

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:

Fixtures and fittings
15% on reducing balance
Motor vehicles
15% on reducing balance
1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

GWB ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases
As lessee
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 December 2023 and 30 November 2024
5,130
3,466
8,596
Depreciation and impairment
At 1 December 2023
4,709
3,407
8,116
Depreciation charged in the year
63
9
72
At 30 November 2024
4,772
3,416
8,188
GWB ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
(Continued)
- 7 -
Carrying amount
At 30 November 2024
358
50
408
At 30 November 2023
421
59
480
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
1,366
98
Other creditors
3,280
1,966
Accruals and deferred income
1,400
1,400
6,046
3,464
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