GW Mechanical Facilities Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11362484 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Gw Mechanical Facilities Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

L Walmsley

I Greene

REGISTERED OFFICE:

Unit 12a

Agecroft Enterprise Park, Shearer Way

Swinton

Manchester

M27 8WA

REGISTERED NUMBER:

11362484 (England and Wales)

ACCOUNTANTS:

EBA Chartered Accountants

Ground Floor

Rear Barn

The Brookdale Centre

Knutsford

Cheshire

WA16 0SR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gw Mechanical Facilities Ltd for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gw Mechanical Facilities Ltd, as a body, in accordance with the terms of our engagement letter dated 10 February 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Gw Mechanical Facilities Ltd and state those matters that we have agreed to state to the Board of Directors of Gw Mechanical Facilities Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gw Mechanical Facilities Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gw Mechanical Facilities Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gw Mechanical Facilities Ltd. You consider that Gw Mechanical Facilities Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gw Mechanical Facilities Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

EBA Chartered Accountants

Ground Floor

Rear Barn

The Brookdale Centre

Knutsford

Cheshire

WA16 0SR

27 May 2021

FIXED ASSETS

Tangible assets

4

136,397

16,888

CURRENT ASSETS

Debtors

5

74,175

113,666

Cash at bank

165,463

118,223

239,638

231,889

CREDITORS

Amounts falling due within one year

6

58,151

107,529

NET CURRENT ASSETS

181,487

124,360

TOTAL ASSETS LESS CURRENT LIABILITIES

317,884

141,248

CREDITORS

Amounts falling due after more than one year

7

(79,447

)

-

PROVISIONS FOR LIABILITIES

(25,916

)

(1,132

)

NET ASSETS

212,521

140,116

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

212,421

140,016

212,521

140,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 27 May 2021 and were signed on its behalf by:

L Walmsley - Director

1.	STATUTORY INFORMATION

Gw Mechanical Facilities 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

17,749

Additions

127,286

At 31 March 2021

145,035

DEPRECIATION

At 1 April 2020

861

Charge for year

7,777

At 31 March 2021

8,638

NET BOOK VALUE

At 31 March 2021

136,397

At 31 March 2020

16,888

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

119,309

At 31 March 2021

119,309

DEPRECIATION

Charge for year

891

At 31 March 2021

891

NET BOOK VALUE

At 31 March 2021

118,418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

54,844

105,976

Other debtors

19,331

7,690

74,175

113,666

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

17,062

-

Trade creditors

6,120

16,899

Taxation and social security

31,516

43,072

Other creditors

3,453

47,558

58,151

107,529

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

79,447

-

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2021 and 31 March 2020:

31.3.21

31.3.20

£

£

L Walmsley

Balance outstanding at start of year

4,153

-

Amounts advanced

57,140

43,769

Amounts repaid

(48,634

)

(39,616

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,659

4,153

I Greene

Balance outstanding at start of year

-

-

Amounts advanced

51,925

-

Amounts repaid

(47,972

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,953

-

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.