Company registration number 04392114 (England and Wales)
G.W.K. ENGINEERING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
G.W.K. ENGINEERING LIMITED
COMPANY INFORMATION
Director
Mr T J Whittle
Company number
04392114
Registered office
Unit 8 Ham Bridge Trading Estate
Willowbrook Road,
Worthing
West Sussex
England
BN14 8NA
Accountants
Xeinadin South East Limited
First Floor Secure House
Lulworth Close
Chandlers Ford
Hampshire
England
SO53 3TL
G.W.K. ENGINEERING LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 8
G.W.K. ENGINEERING LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents his annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of engineering.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr T J Whittle
REVIEW OF BUSINESS

I acknowledge responsibility for the company's system of internal financial control and believe the established systems are appropriate to the business. No material losses or contingencies have arisen during the trading period that would require disclosure.

Having formed an opinion at the time of approving this account, it is my intent that profits earned and retained are sufficient to ensure the company has adequate resources to continue existing trading policies. In the light of this, a going concern basis has been adopted when preparing this account.

It is my view that the company account is a true and fair view of the state of affairs of the company. Suitable accounting policies have been established and applied consistently and I declare, with reasonable accuracy, the financial position of the company.

The results for the trading period and financial position of the company are as shown in the annexed financial statements.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr T J Whittle
Director
7 October 2025
G.W.K. ENGINEERING LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF G.W.K. ENGINEERING LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

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.K. Engineering Limited for the year ended 31 March 2025 which comprise the profit and loss account, the balance sheet and the related notes 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 https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of G.W.K. Engineering Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of G.W.K. Engineering Limited and state those matters that we have agreed to state to the b oard of d irectors of G.W.K. Engineering Limited, 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.K. Engineering Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that G.W.K. Engineering Limited 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 loss of G.W.K. Engineering Limited. You consider that G.W.K. Engineering Limited 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.K. Engineering Limited. 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 f inancial statements.

Xeinadin South East Limited
First Floor Secure House
Lulworth Close
Chandlers Ford
Hampshire
SO53 3TL
England
7 October 2025
G.W.K. ENGINEERING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2025
2024
Notes
£
£
Turnover
974,896
883,936
Cost of sales
(229,816)
(176,314)
Gross profit
745,080
707,622
Administrative expenses
(705,009)
(469,730)
Operating profit
40,071
237,892
Interest receivable and similar income
3,031
4,050
Interest payable and similar expenses
(9,175)
(4,151)
Profit before taxation
33,927
237,791
Tax on profit
(45,856)
(65,410)
(Loss)/profit for the financial year
(11,929)
172,381
G.W.K. ENGINEERING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
378,826
191,123
Current assets
Stocks
24,000
24,000
Debtors
4
161,370
172,877
Cash at bank and in hand
59,521
185,084
244,891
381,961
Creditors: amounts falling due within one year
5
(262,577)
(244,657)
Net current (liabilities)/assets
(17,686)
137,304
Total assets less current liabilities
361,140
328,427
Creditors: amounts falling due after more than one year
6
(151,180)
(56,494)
Provisions for liabilities
(92,547)
(46,691)
Net assets
117,413
225,242
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
8
117,411
225,240
Total equity
117,413
225,242

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The financial statements were approved and signed by the director and authorised for issue on 7 October 2025
Mr T J Whittle
Director
Company registration number 04392114 (England and Wales)
G.W.K. ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
1
Accounting policies
Company information

G.W.K. Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 8 Ham Bridge Trading Estate, Willowbrook Road,, Worthing, West Sussex, England, BN14 8NA.

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

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Fixtures and fittings
20% on cost
Motor vehicles
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

G.W.K. ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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.

1.7
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.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
15
10
G.W.K. ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
391,298
6,258
85,237
482,793
Additions
281,967
680
-
0
282,647
At 31 March 2025
673,265
6,938
85,237
765,440
Depreciation and impairment
At 1 April 2024
269,440
5,183
17,047
291,670
Depreciation charged in the year
80,765
541
13,638
94,944
At 31 March 2025
350,205
5,724
30,685
386,614
Carrying amount
At 31 March 2025
323,060
1,214
54,552
378,826
At 31 March 2024
121,858
1,075
68,190
191,123
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
138,627
150,626
Other debtors
22,743
22,251
161,370
172,877
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
37,960
13,796
Trade creditors
55,271
29,340
Corporation tax
-
0
44,284
Other taxation and social security
42,269
39,060
Other creditors
127,077
118,177
262,577
244,657
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
151,180
56,494
G.W.K. ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
Ordinary B of £1 each
1
1
1
1
2
2
2
2

The following shares were issued during the year for cash at par:

1 Ordinary B share of £1

8
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
225,240
150,859
Adjusted balance
225,240
150,859
(Loss)/profit for the year
(11,929)
172,381
Dividends declared and paid in the year
(95,900)
(98,000)
At the end of the year
117,411
225,240
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