| REGISTERED NUMBER: |
| GWA-NI Ltd |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| REGISTERED NUMBER: |
| GWA-NI Ltd |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| GWA-NI Ltd (Registered number: NI659866) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2026 |
| Page |
| Company information | 1 |
| Statement of financial position | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 8 |
| GWA-NI Ltd |
| Company Information |
| for the Year Ended 31 March 2026 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Armagh Business Centre |
| 2 Loughgall Road |
| Armagh |
| BT61 7NH |
| GWA-NI Ltd (Registered number: NI659866) |
| Statement of Financial Position |
| 31 March 2026 |
| 2026 | 2025 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| Current assets |
| Inventories | 6 |
| Receivables | 7 |
| Cash at bank |
| Payables |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Payables |
| Amounts falling due after more than one year |
9 |
( |
) |
| Provisions for liabilities | 10 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 11 |
| Retained earnings |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| GWA-NI Ltd (Registered number: NI659866) |
| Statement of Financial Position - continued |
| 31 March 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| GWA-NI Ltd (Registered number: NI659866) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2026 |
| 1. | Statutory information |
| GWA-NI Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Revenue |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Purchased goodwill arising on the acquisition of the sole trade previously trading as GWA represents the excess of acquisition cost over the fair value of the identifiable net assets when they were acquired. Purchased goodwill is capitalised in the statement of financial position and amortised on a straight line basis over its economic useful life as estimated by the director. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
| Property, plant and equipment under the cost model are stated at historical cost, less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Inventories |
| Inventories 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 Statement of Income and Retained Earnings, 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 statement of financial position date. |
| GWA-NI Ltd (Registered number: NI659866) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 2. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Hire purchase and leasing commitments |
| Property, plant and equipment held under leasing arrangements which transfer substantially all the risks and rewards of ownership to the business are capitalised and included in the statement of financial position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Trading and Profit and Loss Account. |
| Rental payable under operating leases are dealt with in the Trading and Profit and Loss Account as incurred over the period of the rental agreement. |
| 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. |
| Receivables |
| Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| Payables |
| Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Dividends |
| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable. |
| Provisions for liabilities |
| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position. |
| GWA-NI Ltd (Registered number: NI659866) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 2. | Accounting policies - continued |
| Critical accounting judgements and key sources of estimation uncertainty |
| Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below: |
| Useful economic lives of tangible assets |
| The annual depreciation charges for tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See the Property, Plant and Equipment note for the carrying amount of the assets, and note 2 for the useful economic lives for each class of asset. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 April 2025 |
| and 31 March 2026 |
| Amortisation |
| At 1 April 2025 |
| Charge for year |
| At 31 March 2026 |
| Net book value |
| At 31 March 2026 |
| At 31 March 2025 |
| GWA-NI Ltd (Registered number: NI659866) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 5. | Property, plant and equipment |
| Fixtures, |
| fittings |
| Plant and | and | Motor | Computer |
| machinery | equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 April 2025 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2026 |
| Depreciation |
| At 1 April 2025 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2026 |
| Net book value |
| At 31 March 2026 |
| At 31 March 2025 |
| 6. | Inventories |
| 2026 | 2025 |
| £ | £ |
| Inventories |
| 7. | Receivables: amounts falling due within one year |
| 2026 | 2025 |
| £ | £ |
| Trade receivables |
| Other receivables |
| 8. | Payables: amounts falling due within one year |
| 2026 | 2025 |
| £ | £ |
| Bank loans and overdrafts |
| Trade payables |
| Taxation and social security |
| Other payables |
| 9. | Payables: amounts falling due after more than one year |
| 2026 | 2025 |
| £ | £ |
| Bank loans |
| GWA-NI Ltd (Registered number: NI659866) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 10. | Provisions for liabilities |
| 2026 | 2025 |
| £ | £ |
| Deferred tax | 6,559 | 6,376 |
| Deferred tax |
| £ |
| Balance at 1 April 2025 |
| Provided during year |
| Balance at 31 March 2026 |
| 11. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| ordinary | 100 | 100 | 100 |
| 12. | Directors' advances, credits and guarantees |
| The following loans to the company from directors subsisted during the years ended 31 March 2026 and 31 March 2025: |
| 2026 | 2025 |
| £ | £ |
| Mr G G Watson (Deceased) |
| Balance outstanding at start of year | - | (31,990 | ) |
| Amounts advanced | - | 13,252 |
| Amounts repaid | - | (500 | ) |
| Amounts written off | - | - |
| Amounts waived | - | 19,238 |
| Balance outstanding at end of year | - | - |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |