REGISTERED NUMBER: 08253676 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gwsim Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

MR F Pirinoli

REGISTERED OFFICE:

1 Richmond Mews

Soho

London

W1D 3DA

REGISTERED NUMBER:

08253676 (England and Wales)

FIXED ASSETS

Tangible assets

4

35,741

15,043

Investments

5

-

-

35,741

15,043

CURRENT ASSETS

Debtors

6

1,234,544

904,538

Cash at bank

840,027

579,389

2,074,571

1,483,927

CREDITORS

Amounts falling due within one year

7

881,844

987,376

NET CURRENT ASSETS

1,192,727

496,551

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,468

511,594

CREDITORS

Amounts falling due after more than one year

8

422,098

109,330

NET ASSETS

806,370

402,264

CAPITAL AND RESERVES

Called up share capital

751

751

Retained earnings

805,619

401,513

806,370

402,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 25 September 2025 and were signed by:

MR F Pirinoli - Director

1.	STATUTORY INFORMATION

Gwsim Limited 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

These accounts have been prepared on the going concern basis. The director is of the opinion that the shareholders of the company will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the forseable future, being for a period of at least twelve months from the date of approval of the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

69,645

Additions

28,996

At 31 December 2024

98,641

DEPRECIATION

At 1 January 2024

54,602

Charge for year

8,298

At 31 December 2024

62,900

NET BOOK VALUE

At 31 December 2024

35,741

At 31 December 2023

15,043

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

988,872

PROVISIONS

At 1 January 2024

and 31 December 2024

988,872

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

866,825

742,760

Other debtors

134,429

27,857

1,001,254

770,617

2024

2023

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

233,290

133,921

Aggregate amounts

1,234,544

904,538

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

514,923

190,886

Taxation and social security

6,171

768

Other creditors

360,750

795,722

881,844

987,376

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

20,389

48,333

Other creditors

401,709

60,997

422,098

109,330

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

20,389

48,333