Garwill Consultancy Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07115994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

GARWILL CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Williams

Mrs R Williams

REGISTERED OFFICE:

15 Ffordd yr Afon

Gwaelod y Garth

Cardiff

South Glamorgan

CF15 9TT

REGISTERED NUMBER:

07115994 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10

Bridgend Business Park

Bennett Street

Bridgend

South Wales

CF31 3SH

FIXED ASSETS

Tangible assets

4

3,017

4,231

Investments

5

120,351

120,351

123,368

124,582

CURRENT ASSETS

Debtors

6

28,743

42,991

Cash at bank

11,713

10,500

40,456

53,491

CREDITORS

Amounts falling due within one year

7

19,560

17,291

NET CURRENT ASSETS

20,896

36,200

TOTAL ASSETS LESS CURRENT LIABILITIES

144,264

160,782

CREDITORS

Amounts falling due after more than one year

8

(28,321

)

(29,107

)

PROVISIONS FOR LIABILITIES

(573

)

(804

)

NET ASSETS

115,370

130,871

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

115,270

130,771

SHAREHOLDERS' FUNDS

115,370

130,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 24 May 2023 and were signed on its behalf by:

G Williams - Director

1.	STATUTORY INFORMATION

Garwill Consultancy Limited 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 represents invoiced sales of services, inclusive of Value Added Tax. The company operates the Flat Rate VAT Scheme and recognises the VAT payable as a cost of sale.

Turnover is recognised upon raising invoices on a monthly basis.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on cost

Relevant life policies

The Directors are provided with life assurance benefits under a Relevant Life Policy. These are disclosed separately in the profit and loss account. Under current UK taxation legislation, the Directors are not deemed to receive a taxable benefit in this respect.

Fixed asset investments

Fixed asset investments are shown at cost. The carrying values of investments are reviewed for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

7,187

DEPRECIATION

At 1 January 2022

2,956

Charge for year

1,214

At 31 December 2022

4,170

NET BOOK VALUE

At 31 December 2022

3,017

At 31 December 2021

4,231

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2022

and 31 December 2022

132,350

PROVISIONS

At 1 January 2022

and 31 December 2022

11,999

NET BOOK VALUE

At 31 December 2022

120,351

At 31 December 2021

120,351

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Other debtors

28,743

42,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/22

31/12/21

£

£

Bank loans and overdrafts

4,320

12,131

Taxation and social security

2,545

(427

)

Other creditors

12,695

5,587

19,560

17,291

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/22

31/12/21

£

£

Bank loans

28,321

29,107

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

31/12/22

31/12/21

£

£

Mrs R Williams and G Williams

Balance outstanding at start of year

23,261

44,301

Amounts advanced

36,823

20,000

Amounts repaid

(51,071

)

(41,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,013

23,261