GOTCH OF SELBY LIMITED

Company Registration Number:
01990922 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GOTCH OF SELBY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

GOTCH OF SELBY LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 18,382 23,534
Total fixed assets: 18,382 23,534
Current assets
Stocks: 179,457 181,702
Debtors:   17,913 23,614
Cash at bank and in hand: 68,468 62,656
Investments:   45,179 42,645
Total current assets: 311,017 310,617
Creditors: amounts falling due within one year:   (84,474) (91,618)
Net current assets (liabilities): 226,543 218,999
Total assets less current liabilities: 244,925 242,533
Total net assets (liabilities): 244,925 242,533
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 243,925 241,533
Shareholders funds: 244,925 242,533

The notes form part of these financial statements

GOTCH OF SELBY LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 October 2023
and signed on behalf of the board by:

Name: P J Mosey
Status: Director

The notes form part of these financial statements

GOTCH OF SELBY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.Fixtures and Fittings 20% Straight LineMotor Vehicles 25% Reducing Balance

Valuation and information policy

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

InvestmentInvestment is included at fair value.Leasing and hire purchase contractsAssets obtained under hire purchase contracts are capitalised as tangible fixed assets.Assets obtained under hire purchase contracts are depreciated over their useful life.Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.Rentals applicable to operating leases where substantially of the benefits and risks of ownership remains with the lessor are charged against profits on a straight line basis TaxationTaxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

GOTCH OF SELBY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 13 13

GOTCH OF SELBY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 186,043
Additions 1,460
At 31 March 2023 187,503
Depreciation
At 01 April 2022 162,509
Charge for year 6,612
At 31 March 2023 169,121
Net book value
At 31 March 2023 18,382
At 31 March 2022 23,534