G.W.R. LTD 31/12/2024 iXBRL

Company registration number: 05653680

G.W.R. LTD

31 December 2024

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

G.W.R. LTD

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

G.W.R. LTD

DIRECTORS AND OTHER INFORMATION


	Directors	Mr G Price
		Mrs R C Price
		Mr G E Price


	Secretary	Mr G E Price


	Company number	05653680


	Registered office	Sleap
		Harmer Hill
		Shrewsbury
		Shropshire
		SY4 3HE


	Business address	Sleap
		Harmer Hill
		Shrewsbury
		Shropshire
		SY4 3HE


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

G.W.R. LTD

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF G.W.R. LTD

YEAR ENDED 31ST DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.W.R. LTD for the year ended 31 December 2024 as set out on pages 5 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of G.W.R. LTD, as a body, in accordance with the terms of our engagement letter dated 16 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of G.W.R. LTD and state those matters that we have agreed to state to the board of directors of G.W.R. LTD as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.W.R. LTD and its board of directors as a body for our work or for this report.

It is your duty to ensure that G.W.R. LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.W.R. LTD. You consider that G.W.R. LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.W.R. LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

5 April 2025

G.W.R. LTD

STATEMENT OF FINANCIAL POSITION

31ST DECEMBER 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	333		333
Tangible assets	6	436,327		385,221
		_______		_______
			436,660		385,554

Current assets
Stocks		34,732		51,300
Debtors	7	101,992		100,385
Cash at bank and in hand		43,164		30,329
		_______		_______
		179,888		182,014
Creditors: amounts falling due
within one year	8	( 349,807)		( 333,247)
		_______		_______
Net current liabilities			( 169,919)		( 151,233)
			_______		_______
Total assets less current liabilities			266,741		234,321

Creditors: amounts falling due
after more than one year	9		( 43,290)		( 39,002)

Provisions for liabilities			( 61,065)		( 51,192)

			_______		_______
Net assets			162,386		144,127
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			161,386		143,127
			_______		_______
Shareholders funds			162,386		144,127
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- 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;

- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 March 2025 , and are signed on behalf of the board by:

Mr G Price Mr G E Price

Director Director

Company registration number: 05653680

G.W.R. LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST DECEMBER 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023	1,000	106,917	107,917

Profit for the year		90,290	90,290
	_______	_______	_______
Total comprehensive income for the year	-	90,290	90,290

Dividends paid and payable		( 54,080)	( 54,080)
	_______	_______	_______
Total investments by and distributions to owners	-	( 54,080)	( 54,080)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	1,000	143,127	144,127

Profit for the year		52,926	52,926
	_______	_______	_______
Total comprehensive income for the year	-	52,926	52,926

Dividends paid and payable		( 34,667)	( 34,667)
	_______	_______	_______
Total investments by and distributions to owners	-	( 34,667)	( 34,667)

	_______	_______	_______
At 31 December 2024	1,000	161,386	162,386
	_______	_______	_______

G.W.R. LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sleap, Harmer Hill, Shrewsbury, Shropshire, SY4 3HE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Long leasehold property	-	2.5 %	reducing balance
Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 7 ).

5. Intangible assets

	Goodwill	Other intangible assets	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	100,000	333	100,333
	_______	_______	_______
Amortisation
At 1 January 2024 and 31 December 2024	100,000	-	100,000
	_______	_______	_______
Carrying amount
At 31 December 2024	-	333	333
	_______	_______	_______
At 31 December 2023	-	333	333
	_______	_______	_______

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	280,508	477,315	14,804	53,553	826,180
Additions	710	104,665	3,661	20,114	129,150
Disposals	-	( 80,115)	( 708)	-	( 80,823)
	_______	_______	_______	_______	_______
At 31 December 2024	281,218	501,865	17,757	73,667	874,507
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	82,220	324,187	11,217	23,335	440,959
Charge for the year	6,935	24,337	671	9,231	41,174
Disposals	-	( 43,436)	( 517)	-	( 43,953)
	_______	_______	_______	_______	_______
At 31 December 2024	89,155	305,088	11,371	32,566	438,180
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	192,063	196,777	6,386	41,101	436,327
	_______	_______	_______	_______	_______
At 31 December 2023	198,288	153,128	3,587	30,218	385,221
	_______	_______	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	55,549	59,701
Other debtors	46,443	40,684
	_______	_______
	101,992	100,385
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	31,285	63,324
Trade creditors	135,461	78,747
Corporation tax	3,616	36,290
Social security and other taxes	10,691	3,983
Other creditors	168,754	150,903
	_______	_______
	349,807	333,247
	_______	_______

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

	2024	2023
	£	£
Bank loans and overdrafts	17,164	33,213
Other creditors	26,126	5,789
	_______	_______
	43,290	39,002
	_______	_______