GWSim_Limited_31_Dec_2021_companies_house_set_of_accounts.html

GWSim_Limited_31_Dec_2021_companies_house_set_of_accounts.html

GWSIM LIMITED - Company Information

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1 January 2021 v2023.6.1 limited_company_frs_102_section_1a_v1_0_9 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP082536762021-01-012021-12-31082536762021-12-31082536762020-12-3108253676core:WithinOneYear2021-12-3108253676core:WithinOneYear2020-12-3108253676core:AfterOneYear2021-12-3108253676core:AfterOneYear2020-12-3108253676core:ShareCapital2021-12-3108253676core:ShareCapital2020-12-3108253676core:RetainedEarningsAccumulatedLosses2021-12-3108253676core:RetainedEarningsAccumulatedLosses2020-12-3108253676bus:Director12021-01-012021-12-3108253676bus:RegisteredOffice2021-01-012021-12-31082536762020-01-012020-12-3108253676core:IntangibleAssetsOtherThanGoodwill2021-01-0108253676core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3108253676core:IntangibleAssetsOtherThanGoodwill2021-12-3108253676core:IntangibleAssetsOtherThanGoodwill2020-12-3108253676core:PlantMachinery2021-12-3108253676core:PlantMachinery2021-01-0108253676core:PlantMachinery2021-01-012021-12-3108253676core:PlantMachinery2020-12-3108253676core:CostValuation2021-01-0108253676core:CostValuation2021-12-3108253676core:ProvisionsForImpairmentInvestments2021-01-0108253676core:ImpairmentLossProvisionsForImpairmentInvestments2021-12-3108253676core:ProvisionsForImpairmentInvestments2021-12-310825367612021-01-012021-12-3108253676countries:EnglandWales2021-01-012021-12-3108253676bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3108253676bus:PrivateLimitedCompanyLtd2021-01-012021-12-3108253676bus:SmallEntities2021-01-012021-12-3108253676bus:FullAccounts2021-01-012021-12-31
Company registration number:
08253676
GWSim Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2021
GWSim Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of GWSim Limited
Year ended
31 December 2021
As described on the statement of financial position, the Board of Directors of
GWSim Limited
are responsible for the preparation of the
financial statements
for the year ended
31 December 2021
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Statura Group Ltd
GWSim Limited
Statement of Financial Position
31 December 2021
20212020
Note££
Fixed assets    
Intangible assets 5
29,968
 
6,051
 
Tangible assets 6
6,626
 
9,512
 
Investments 7
12,183
 
124,916
 
48,777
 
140,479
 
Current assets    
Debtors 8
167,977
 
591,336
 
Cash at bank and in hand
544,777
 
105,277
 
712,754
 
696,613
 
Creditors: amounts falling due within one year 9
(582,509
 )
(1,026,687
 )
Net current assets/(liabilities)
130,245
 
(330,074
 )
Total assets less current liabilities 179,022   (189,595 )
Creditors: amounts falling due after more than one year 10
(250,755
 )
(90,888
 )
Net liabilities
(71,733
 )
(280,483
 )
Capital and reserves    
Called up share capital
750
 
750
 
Profit and loss account
(72,483
 )
(281,233
 )
Shareholders deficit
(71,733
 )
(280,483
 )
For the year ending
31 December 2021
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 February 2023
, and are signed on behalf of the board by:
Mr F Pirinoli
Director
Company registration number:
08253676
GWSim Limited
Notes to the Financial Statements
Year ended
31 December 2021

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Holden House
,
57 Rathbone Place
,
London
,
Greater London
,
W1T 1JU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets. The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2020:
5.00
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 January 2021
28,534
 
Additions
27,748
 
At
31 December 2021
56,282
 
Amortisation  
At
1 January 2021
22,483
 
Charge
3,831
 
At
31 December 2021
26,314
 
Carrying amount  
At
31 December 2021
29,968
 
At 31 December 2020
6,051
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2021
and
31 December 2021
12,383
 
Depreciation  
At
1 January 2021
2,871
 
Charge
2,886
 
At
31 December 2021
5,757
 
Carrying amount  
At
31 December 2021
6,626
 
At 31 December 2020
9,512
 

7 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 January 2021
473,913
 
At
31 December 2021
473,913
 
Impairment  
At
1 January 2021
348,997
 
Impairment losses
112,733
 
At
31 December 2021
461,730
 
Carrying amount  
At
31 December 2021
12,183
 
At 31 December 2020
124,916
 

8 Debtors

20212020
££
Trade debtors
16,000
 
496,771
 
Other debtors
151,977
 
94,565
 
167,977
 
591,336
 

9 Creditors: amounts falling due within one year

20212020
££
Bank loans and overdrafts -  
11,667
 
Trade creditors
459,106
 
142,433
 
Taxation and social security -  
11,489
 
Other creditors
123,403
 
861,098
 
582,509
 
1,026,687
 

10 Creditors: amounts falling due after more than one year

20212020
££
Bank loans and overdrafts
88,333
 
90,888
 
Other creditors
162,422
  -  
250,755
 
90,888