GSPW Limited - Filleted accounts

Registered number

10535668

GSPW Limited

Filleted Accounts

31 December 2025

GSPW Limited
Registered number:		10535668
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,498			567

Current assets
Debtors	4	17,818			66,542
Cash at bank and in hand		25,103			47,606
		42,921			114,148

Creditors: amounts falling due within one year	5	(16,883)			(28,171)

Net current assets			26,038			85,977

Net assets			28,536			86,544

Capital and reserves
Called up share capital			2			2
Profit and loss account			28,534			86,542

Shareholders' funds			28,536			86,544

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G P White
Director
Approved by the board on 29 May 2026

GSPW Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 rendering of accounting and related 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			over 2 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		2


3	Tangible fixed assets
								Office equipment
£
	Cost
	At 1 January 2025							7,460
	Additions							2,332
	At 31 December 2025							9,792

	Depreciation
	At 1 January 2025							6,893
	Charge for the year							401
	At 31 December 2025							7,294

	Net book value
	At 31 December 2025							2,498
	At 31 December 2024							567


4	Debtors					2025		2024
£							£

	Trade debtors					10,703		32,787
	Other debtors					7,115		33,755
						17,818		66,542


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Taxation and social security costs					5,233		18,394
	Other creditors					11,650		9,777
						16,883		28,171


6	Loans to/(from) directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	G P White
	Monies advanced net of expenses incurred. Interest is charged at the official rate.	11,486		21,375		(33,302)		(441)

	S P R White
	Monies advanced net of expenses incurred. Interest is charged at the official rate.	13,010		21,280		(34,362)		(72)

		24,496		42,655		(67,664)		(513)


7	Related party transactions

	The company holds funds on behalf of GSP White Limited, a company with common shareholders and directors. The balance due to GSP White Limited at the end of the financial year was £5,521 (2024 - £5,521).


8	Other information

	GSPW Limited is a private company limited by shares and incorporated in England. Its registered office is:
	137 Heol y Deri
	Cardiff
	CF14 6UH