Company registration number 07067590 (England and Wales)
GENTWELL SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
GENTWELL SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GENTWELL SERVICES LTD (REGISTERED NUMBER: 07067590)
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,963
8,520
Current assets
Debtors
4
154,320
117,624
Cash at bank and in hand
115,456
184,797
269,776
302,421
Creditors: amounts falling due within one year
5
(72,444)
(91,663)
Net current assets
197,332
210,758
Total assets less current liabilities
206,295
219,278
Provisions for liabilities
(2,040)
(2,130)
Net assets
204,255
217,148
Capital and reserves
Called up share capital
5
5
Profit and loss reserves
204,250
217,143
Total equity
204,255
217,148
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 March 2024
Mr S Thomas
Director
GENTWELL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
Gentwell Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 106 Greenvale Road, London, England, SE9 1PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% straight line
Computers
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
GENTWELL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
42
41
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 December 2022
11,867
17,992
29,859
Additions
956
5,966
6,922
Disposals
(6,851)
(6,851)
At 30 November 2023
12,823
17,107
29,930
Depreciation and impairment
At 1 December 2022
9,664
11,675
21,339
Depreciation charged in the year
1,372
3,502
4,874
Eliminated in respect of disposals
(5,246)
(5,246)
At 30 November 2023
11,036
9,931
20,967
Carrying amount
At 30 November 2023
1,787
7,176
8,963
At 30 November 2022
2,203
6,317
8,520
GENTWELL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
88,471
102,963
Other debtors
65,849
14,661
154,320
117,624
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
7,634
17,748
Taxation and social security
56,723
68,772
Other creditors
8,087
5,143
72,444
91,663
6
Director's transactions
As at the balance sheet date, there was an overdrawn directors' loan account balance of £51,841 (2022: £1,189), this balance is included within other debtors.
This amount includes interest charged totalling £535 (2022: £nil).