COMPANY REGISTRATION NUMBER:
15516532
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Gillian Wainwright Limited |
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Filleted Unaudited Financial Statements |
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Gillian Wainwright Limited |
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Statement of Financial Position |
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28 February 2025
Fixed assets
|
Tangible assets |
6 |
122,000 |
|
|
|
Current assets
|
Cash at bank and in hand |
3,734 |
|
|
|
Creditors: amounts falling due within one year |
7 |
39,639 |
|
-------- |
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Net current liabilities |
35,905 |
|
--------- |
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Total assets less current liabilities |
86,095 |
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|
|
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Creditors: amounts falling due after more than one year |
8 |
84,750 |
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|
|
|
Provisions |
723 |
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-------- |
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Net assets |
622 |
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-------- |
|
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Capital and reserves
|
Called up share capital |
100 |
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Fair value reserve |
3,084 |
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Profit and loss account |
(
2,562) |
|
------- |
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Shareholders funds |
622 |
|
------- |
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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.
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Gillian Wainwright Limited |
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Statement of Financial Position (continued) |
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28 February 2025
These financial statements were approved by the
board of directors
and authorised for issue on
22 May 2025
, and are signed on behalf of the board by:
Company registration number:
15516532
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Gillian Wainwright Limited |
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Notes to the Financial Statements |
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Period from 23 February 2024 to 28 February 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a the Anchorage, Gosport, PO12 1LY, UK.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Tax on profit
Major components of tax expense
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Period from |
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23 Feb 24 to |
|
28 Feb 25 |
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£ |
|
|
Current tax:
|
UK current tax expense |
72 |
|
|
Deferred tax:
|
Origination and reversal of timing differences |
723 |
|
---- |
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Tax on profit |
795 |
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---- |
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6.
Tangible assets
|
Long leasehold property |
|
£ |
|
Cost or valuation |
|
|
At 23 February 2024 |
– |
|
Additions |
118,193 |
|
Revaluations |
3,807 |
|
--------- |
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At 28 February 2025 |
122,000 |
|
--------- |
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Depreciation |
|
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At 23 February 2024 and 28 February 2025 |
– |
|
--------- |
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Carrying amount |
|
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At 28 February 2025 |
122,000 |
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--------- |
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7.
Creditors:
amounts falling due within one year
|
28 Feb 25 |
|
£ |
|
Corporation tax |
72 |
|
Other creditors |
39,567 |
|
-------- |
|
39,639 |
|
-------- |
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8.
Creditors:
amounts falling due after more than one year
|
28 Feb 25 |
|
£ |
|
Bank loans and overdrafts |
84,750 |
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-------- |
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9.
Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
|
28 Feb 25 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Ms. L Osborne |
– |
(
35,860) |
(
35,860) |
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---- |
-------- |
-------- |
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