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Company Registration No. 08516592 (England and Wales)
G J Ward Limited Unaudited accounts for the year ended 30 November 2025
G J Ward Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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G J Ward Limited Company Information for the year ended 30 November 2025
Directors
Gary John Ward Jack Lewis Ward
Company Number
08516592 (England and Wales)
Registered Office
22 Hartmead Road Thatcham Berkshire RG19 4LR England
Accountants
MHaccounting Practice Limited 1 Barton Copse Chieveley Berkshire RG20 8RN
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G J Ward Limited Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
11,065
14,882
Current assets
Debtors
5
15,751
2,876
Cash at bank and in hand
1,735
16,984
17,486
19,860
Creditors: amounts falling due within one year
6
(18,117)
(18,601)
Net current (liabilities)/assets
(631)
1,259
Total assets less current liabilities
10,434
16,141
Creditors: amounts falling due after more than one year
7
(6,750)
(10,858)
Provisions for liabilities
Deferred tax
8
(2,102)
(3,720)
Net assets
1,582
1,563
Capital and reserves
Called up share capital
12
12
Profit and loss account
1,570
1,551
Shareholders' funds
1,582
1,563
For the year ending 30 November 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 17 August 2026 and were signed on its behalf by
Gary John Ward Director Company Registration No. 08516592
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G J Ward Limited Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
G J Ward Limited is a private company, limited by shares, registered in England and Wales, registration number 08516592. The registered office is 22 Hartmead Road, Thatcham, Berkshire, RG19 4LR, 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.
Going concern
The financial statements have been prepared on a going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Stock
Stocks are valued at the lower of cost and net realisable value. Net realisable value is based on estimated selling price less any further costs expected to be incurred on completion and disposal.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
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G J Ward Limited Notes to the Accounts for the year ended 30 November 2025
Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Bank overdrafts are shown within creditors: amounts falling due within one year in the Statement of Financial Position.
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Borrowings
Interest-bearing borrowing are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. 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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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G J Ward Limited Notes to the Accounts for the year ended 30 November 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
574
32,339
32,913
At 30 November 2025
574
32,339
32,913
Depreciation
At 1 December 2024
388
17,643
18,031
Charge for the year
143
3,674
3,817
At 30 November 2025
531
21,317
21,848
Net book value
At 30 November 2025
43
11,022
11,065
At 30 November 2024
186
14,696
14,882
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,010
-
Accrued income and prepayments
2,797
495
Other debtors
11,944
2,381
15,751
2,876
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,559
1,369
VAT
3,299
3,778
Obligations under finance leases and hire purchase contracts
2,450
2,450
Trade creditors
1,211
390
Taxes and social security
8,078
6,229
Loans from directors
-
2,885
Accruals
1,520
1,500
18,117
18,601
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
421
2,079
Obligations under finance leases and hire purchase contracts
6,329
8,779
6,750
10,858
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G J Ward Limited Notes to the Accounts for the year ended 30 November 2025
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
2,102
3,720
2025
2024
£
£
Provision at start of year
3,720
1,530
(Credited)/charged to the profit and loss account
(1,618)
2,190
Provision at end of year
2,102
3,720
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Gary John Ward
Director loan
(6)
7,251
-
7,245
Jack Lewis Ward
Director loan
(2,879)
6,433
-
3,554
(2,885)
13,684
-
10,799
During the year the company lent funds to the directors. As at the year end 30th November 2025, the director Gary Ward owed the company £7,245.52 and the director Jack Ward owed the company £3,553.99. The loans were interest free with repayment date within 9 months of year end. The loans are included in the statement of financial position within current assets - debtors. As at the prior year end 30th November 2024, the company owed funds to the director Gary Ward £5.83 and the director Jack Ward £2,879.15. The amounts owed to the directors are included in the statement of financial position within creditors: amounts falling due within one year.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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