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Company Registration No. 03911653 (England and Wales)
Gwyn Carless Designs Limited Unaudited accounts for the year ended 31 January 2025
Gwyn Carless Designs Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gwyn Carless Designs Limited Company Information for the year ended 31 January 2025
Directors
Gwyn Edward Carless Catriona Carless
Company Number
03911653 (England and Wales)
Registered Office
Unit 66 Storforth Lane Industrial Estate Hasland Chesterfield Derbyshire S41 0QZ England
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Gwyn Carless Designs Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,939
1,399
Current assets
Inventories
11,601
11,600
Debtors
5
5,035
4,336
Cash at bank and in hand
(1,306)
(5,312)
15,330
10,624
Creditors: amounts falling due within one year
6
(17,764)
(12,737)
Net current liabilities
(2,434)
(2,113)
Net liabilities
(495)
(714)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(497)
(716)
Shareholders' funds
(495)
(714)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by
Gwyn Edward Carless Director Company Registration No. 03911653
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Gwyn Carless Designs Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Gwyn Carless Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 03911653. The registered office is Unit 66 Storforth Lane Industrial Estate, Hasland, Chesterfield, Derbyshire, S41 0QZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
15% on reducing balance
Inventories
Inventories have been valued at the lower of cost and net realisable value, after making due diligence for obsolete and slow moving items.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Gwyn Carless Designs Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
4,268
1,649
5,917
Additions
-
882
882
At 31 January 2025
4,268
2,531
6,799
Depreciation
At 1 February 2024
3,100
1,418
4,518
Charge for the year
175
167
342
At 31 January 2025
3,275
1,585
4,860
Net book value
At 31 January 2025
993
946
1,939
At 31 January 2024
1,168
231
1,399
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
4,363
4,336
Trade debtors
672
-
5,035
4,336
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,633
2,283
Trade creditors
4,179
2,518
Taxes and social security
10,952
7,936
17,764
12,737
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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