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REGISTERED NUMBER: 04239446 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 January 2023

for

Gelidus Ltd

Gelidus Ltd (Registered number: 04239446)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gelidus Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: S D Huse
Mrs E Y Huse





SECRETARY: S D Huse





REGISTERED OFFICE: Unit 7, Chiltern Enterprise Centre
Station Road
Theale
Reading
Berkshire
RG7 4AA





REGISTERED NUMBER: 04239446 (England and Wales)





ACCOUNTANTS: Richard Hopes Ltd
Bell House
Ashford Hill
Thatcham
Berkshire
RG19 8BB

Gelidus Ltd (Registered number: 04239446)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 77,587 46,149
Investments 6 100 100
77,687 46,249

CURRENT ASSETS
Stocks 19,845 18,660
Debtors 7 267,820 143,240
Cash at bank and in hand 254,442 273,218
542,107 435,118
CREDITORS
Amounts falling due within one year 8 220,358 179,852
NET CURRENT ASSETS 321,749 255,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,436

301,515

PROVISIONS FOR LIABILITIES 14,742 8,768
NET ASSETS 384,694 292,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 384,594 292,647
SHAREHOLDERS' FUNDS 384,694 292,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Gelidus Ltd (Registered number: 04239446)

Balance Sheet - continued
31 January 2023


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 23 October 2023 and were signed on its behalf by:





S D Huse - Director


Gelidus Ltd (Registered number: 04239446)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Gelidus 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.

The financial statements are prepared in accordance with applicable accounting standards.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Gelidus Ltd (Registered number: 04239446)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 15,000
AMORTISATION
At 1 February 2022
and 31 January 2023 15,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Gelidus Ltd (Registered number: 04239446)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 27,070 7,758 70,337 24,868 130,033
Additions 6,333 - 51,324 2,484 60,141
Disposals - - (4,000 ) (5,553 ) (9,553 )
At 31 January 2023 33,403 7,758 117,661 21,799 180,621
DEPRECIATION
At 1 February 2022 21,141 7,508 39,934 15,301 83,884
Charge for year 2,453 31 19,869 3,917 26,270
Eliminated on disposal - - (1,750 ) (5,370 ) (7,120 )
At 31 January 2023 23,594 7,539 58,053 13,848 103,034
NET BOOK VALUE
At 31 January 2023 9,809 219 59,608 7,951 77,587
At 31 January 2022 5,929 250 30,403 9,567 46,149

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 February 2022
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 January 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 263,776 131,034
Directors' loan accounts - 9,328
Prepayments and accrued income 4,044 2,878
267,820 143,240

Gelidus Ltd (Registered number: 04239446)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 97,834 57,988
Corporation tax 32,188 42,911
Social security and other taxes 53,362 36,945
Other creditors 1,154 698
Directors' loan accounts 672 -
Accruals and deferred income 35,148 41,310
220,358 179,852

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year 2,562 6,027
Between one and five years - 2,216
2,562 8,243

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
S D Huse and Mrs E Y Huse
Balance outstanding at start of year 9,328 2,251
Amounts advanced - 10,019
Amounts repaid (10,000 ) (2,942 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (672 ) 9,328