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Registered number: 10036562
Gower Sailshades & Awnings Limited
Financial Statements
For The Year Ended 31 March 2025
Cursio & Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10036562
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 2,000
Tangible Assets 5 5,700 7,599
6,700 9,599
CURRENT ASSETS
Debtors 6 81,448 66,529
Cash at bank and in hand 76,971 126,677
158,419 193,206
Creditors: Amounts Falling Due Within One Year 7 (13,601 ) (28,588 )
NET CURRENT ASSETS (LIABILITIES) 144,818 164,618
TOTAL ASSETS LESS CURRENT LIABILITIES 151,518 174,217
NET ASSETS 151,518 174,217
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 151,418 174,117
SHAREHOLDERS' FUNDS 151,518 174,217
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Senior
Director
12 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gower Sailshades & Awnings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10036562 . The registered office is Axis 8 Axis Court Mallard Way, Riverside Business Park, Swansea, SA7 0AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery .
Motor Vehicles 25%
Computer Equipment .
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,000
As at 31 March 2025 10,000
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 April 2024 8,000
Provided during the period 1,000
As at 31 March 2025 9,000
Net Book Value
As at 31 March 2025 1,000
As at 1 April 2024 2,000
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 16,750 2,594 19,344
As at 31 March 2025 16,750 2,594 19,344
Depreciation
As at 1 April 2024 9,684 2,061 11,745
Provided during the period 1,766 133 1,899
As at 31 March 2025 11,450 2,194 13,644
Net Book Value
As at 31 March 2025 5,300 400 5,700
As at 1 April 2024 7,066 533 7,599
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,430 14,585
Other debtors 51,444 51,944
VAT 5,574 -
81,448 66,529
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 (1 )
VAT - 4,909
Other creditors 12,173 22,477
Accruals and deferred income 1,330 995
Director's loan account 97 208
13,601 28,588
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Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5