Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseRetailer of beverages32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13413292 2022-04-01 2023-03-31 13413292 2021-05-21 2022-03-31 13413292 2023-03-31 13413292 2022-03-31 13413292 c:Director2 2022-04-01 2023-03-31 13413292 d:MotorVehicles 2022-04-01 2023-03-31 13413292 d:MotorVehicles 2023-03-31 13413292 d:MotorVehicles 2022-03-31 13413292 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13413292 d:FurnitureFittings 2022-04-01 2023-03-31 13413292 d:FurnitureFittings 2023-03-31 13413292 d:FurnitureFittings 2022-03-31 13413292 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13413292 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13413292 d:Goodwill 2022-04-01 2023-03-31 13413292 d:Goodwill 2023-03-31 13413292 d:Goodwill 2022-03-31 13413292 d:CurrentFinancialInstruments 2023-03-31 13413292 d:CurrentFinancialInstruments 2022-03-31 13413292 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13413292 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13413292 d:ShareCapital 2023-03-31 13413292 d:ShareCapital 2022-03-31 13413292 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 13413292 c:FRS102 2022-04-01 2023-03-31 13413292 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13413292 c:FullAccounts 2022-04-01 2023-03-31 13413292 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13413292 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13413292









GARDNER & BEEDLE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
GARDNER & BEEDLE LTD
REGISTERED NUMBER: 13413292

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
64,128
72,144

Tangible assets
 5 
16,784
22,380

  
80,912
94,524

Current assets
  

Stocks
 6 
45,375
54,937

Debtors: amounts falling due within one year
 7 
24,126
16,983

Cash at bank and in hand
 8 
43,605
43,263

  
113,106
115,183

Creditors: amounts falling due within one year
 9 
(193,918)
(209,607)

Net current liabilities
  
 
 
(80,812)
 
 
(94,424)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


Page 1

 
GARDNER & BEEDLE LTD
REGISTERED NUMBER: 13413292
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.




................................................
Tim Gardner
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Gardner & Beedle is a private company, incorporated in England and Wales, limited by its share capital.    The principal activity of the Company is that of the retail of beverages.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 5

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
80,160



At 31 March 2023

80,160



Amortisation


At 1 April 2022
8,016


Charge for the year on owned assets
8,016



At 31 March 2023

16,032



Net book value



At 31 March 2023
64,128



At 31 March 2022
72,144



Page 6

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
5,000
24,840
29,840



At 31 March 2023

5,000
24,840
29,840



Depreciation


At 1 April 2022
1,250
6,210
7,460


Charge for the year on owned assets
938
4,658
5,596



At 31 March 2023

2,188
10,868
13,056



Net book value



At 31 March 2023
2,812
13,972
16,784



At 31 March 2022
3,750
18,630
22,380


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
45,375
54,937

45,375
54,937


Page 7

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Trade debtors
20,902
16,784

Other debtors
1,790
-

Prepayments and accrued income
1,434
199

24,126
16,983



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
43,605
43,263

43,605
43,263



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
41,103
56,539

Corporation tax
11,126
7,235

Other taxation and social security
5,788
2,019

Other creditors
135,901
143,314

Accruals and deferred income
-
500

193,918
209,607



10.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
43,605




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
GARDNER & BEEDLE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Controlling party

The Company is controlled by Tim Gardner, by virtue of his shareholding, as described in the Directors' report.

 
Page 9