REGISTERED NUMBER: 13472125 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GWF LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G Vincent

Mr M Neuhaus

REGISTERED OFFICE:

3 The Workshops

Pulloxhill Business Park

Pulloxhill

Bedford

MK45 5BF

REGISTERED NUMBER:

13472125 (England and Wales)

AUDITORS:

GKP (Ampthill) Limited

Statutory Auditor

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

CURRENT ASSETS

Stocks

64,915

49,712

Debtors

4

127,200

74,488

Cash at bank and in hand

35,444

39,571

227,559

163,771

CREDITORS

Amounts falling due within one year

5

(158,367

)

(116,081

)

NET CURRENT ASSETS

69,192

47,690

TOTAL ASSETS LESS CURRENT LIABILITIES

69,192

47,690

CREDITORS

Amounts falling due after more than one year

6

-

(26,877

)

NET ASSETS

69,192

20,813

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

69,191

20,812

69,192

20,813

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

Mr G Vincent - Director

1.	STATUTORY INFORMATION

GWF Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed the financial health of the company and feel confident that the company will continue as a going concern for the foreseeable future.

The presentation currency of the financial statements is the Pound Sterling (£).

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

110,915

63,644

Other debtors

5,119

4,792

Prepayments

11,166

6,052

127,200

74,488

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

49,066

69,798

Tax

16,647

1,770

Social security and other taxes

16,220

12,359

VAT

4,718

962

Accrued expenses

71,716

31,192

158,367

116,081

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

26,877

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

3,420

3,420

Between one and five years

1,425

4,844

4,845

8,264

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Owed to group undertaking

-

26,877

All assets of GWF Ltd have been pledged as collateral against any amounts drawn in relation to the intercompany loan agreement.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Mason BSc FCA (Senior Statutory Auditor)

for and on behalf of GKP (Ampthill) Limited

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company and ultimate holding company of the group is GWF AG, a company incorporated in Switzerland. The address of its registered office is Obergrundstrasse 119, 6005 Luzern, Switzerland.

GWF AG is the smallest and largest group of undertakings to consolidate these financial statements as at 31 December 2024. The consolidated financial statements of GWF AG are available from Obergrundstrasse 119, 6005 Luzern, Switzerland.