REGISTERED NUMBER: 13472125 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GWF LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G Vincent

Mr M Neuhaus

REGISTERED OFFICE:

3 The Workshops

Greenfield Road

Pulloxhill

Bedfordshire

MK45 5BF

REGISTERED NUMBER:

13472125 (England and Wales)

AUDITORS:

GKP (Ampthill) Limited

Statutory Auditor

3 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

FIXED ASSETS

Tangible assets

4

34,270

-

CURRENT ASSETS

Stocks

54,289

64,915

Debtors

5

139,417

127,200

Cash at bank and in hand

133,237

35,444

326,943

227,559

CREDITORS

Amounts falling due within one year

6

(251,397

)

(158,367

)

NET CURRENT ASSETS

75,546

69,192

TOTAL ASSETS LESS CURRENT LIABILITIES

109,816

69,192

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

109,815

69,191

109,816

69,192

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by:

Mr G Vincent - Director

1.	STATUTORY INFORMATION

GWF Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors have assessed the financial health of the company and feel confident that the company will continue as a going concern for the foreseeable future.

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

Computer

to property

fittings

equipment

Totals

£

£

£

£

COST

Additions

29,942

2,828

2,142

34,912

At 31 December 2025

29,942

2,828

2,142

34,912

DEPRECIATION

Charge for year

250

157

235

642

At 31 December 2025

250

157

235

642

NET BOOK VALUE

At 31 December 2025

29,692

2,671

1,907

34,270

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

122,648

110,915

Other debtors

8,659

5,119

Prepayments

8,110

11,166

139,417

127,200

Included within Other debtors is a rent deposit totalling £6,120 (2024: £Nil) which is recoverable after more than one year from the balance sheet date.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

124,699

49,066

Amounts owed to group undertakings

76,737

-

Tax

12,323

16,647

Social security and other taxes

19,012

16,220

VAT

3,486

4,718

Accrued expenses

15,140

71,716

251,397

158,367

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

21,824

3,420

Between one and five years

63,750

1,425

85,574

4,845

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Mason BSc FCA (Senior Statutory Auditor)

for and on behalf of GKP (Ampthill) Limited

9.	POST BALANCE SHEET EVENTS

On 23 June 2026, the company completed an asset purchase of i2O Water Limited for a consideration of £3 in respect of a Transitional Service agreement. The company acquired net assets of £622,441.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company and ultimate holding company of the group is GWF AG, a company incorporated in Switzerland. The address of its registered office is Obergrundstrasse 119, 6005 Lucerne, Switzerland.

GWF AG is the smallest and largest group of undertakings to consolidate these financial statements as at 31 December 2025. The consolidated financial statements of GWF AG are available from Obergrundstrasse 119, 6005 Lucerne, Switzerland.