Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr Thomas Buckley-Smith 01/09/2020 Mr Ashley MacDonald 01/09/2020 Mr Christoper Reeve 24/04/2006 Mr Mark Thurston 01/09/2020 14 November 2023 The principal activity of the company during the financial year was that of accountancy, taxation and management services. 04746979 2023-04-30 04746979 bus:Director1 2023-04-30 04746979 bus:Director2 2023-04-30 04746979 bus:Director3 2023-04-30 04746979 bus:Director4 2023-04-30 04746979 2022-04-30 04746979 core:CurrentFinancialInstruments 2023-04-30 04746979 core:CurrentFinancialInstruments 2022-04-30 04746979 core:Non-currentFinancialInstruments 2023-04-30 04746979 core:Non-currentFinancialInstruments 2022-04-30 04746979 core:ShareCapital 2023-04-30 04746979 core:ShareCapital 2022-04-30 04746979 core:RetainedEarningsAccumulatedLosses 2023-04-30 04746979 core:RetainedEarningsAccumulatedLosses 2022-04-30 04746979 core:Goodwill 2022-04-30 04746979 core:Goodwill 2023-04-30 04746979 core:LandBuildings 2022-04-30 04746979 core:OtherPropertyPlantEquipment 2022-04-30 04746979 core:LandBuildings 2023-04-30 04746979 core:OtherPropertyPlantEquipment 2023-04-30 04746979 bus:OrdinaryShareClass1 2023-04-30 04746979 2022-05-01 2023-04-30 04746979 bus:FullAccounts 2022-05-01 2023-04-30 04746979 bus:SmallEntities 2022-05-01 2023-04-30 04746979 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04746979 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04746979 bus:Director1 2022-05-01 2023-04-30 04746979 bus:Director2 2022-05-01 2023-04-30 04746979 bus:Director3 2022-05-01 2023-04-30 04746979 bus:Director4 2022-05-01 2023-04-30 04746979 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 04746979 2021-05-01 2022-04-30 04746979 core:Goodwill 2022-05-01 2023-04-30 04746979 core:LandBuildings 2022-05-01 2023-04-30 04746979 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 04746979 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04746979 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 04746979 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 04746979 bus:OrdinaryShareClass2 2021-05-01 2022-04-30 04746979 bus:OrdinaryShareClass3 2022-05-01 2023-04-30 04746979 bus:OrdinaryShareClass3 2021-05-01 2022-04-30 04746979 bus:OrdinaryShareClass4 2022-05-01 2023-04-30 04746979 bus:OrdinaryShareClass4 2021-05-01 2022-04-30 04746979 bus:OrdinaryShareClass5 2022-05-01 2023-04-30 04746979 bus:OrdinaryShareClass5 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04746979 (England and Wales)

GASCOYNES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

GASCOYNES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

GASCOYNES LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
GASCOYNES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Mr Thomas Buckley-Smith
Mr Ashley MacDonald
Mr Christoper Reeve
Mr Mark Thurston
SECRETARY Mrs Deborah Reeve
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St. Edmunds
IP28 6JY
England
United Kingdom
COMPANY NUMBER 04746979 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
GASCOYNES LIMITED

BALANCE SHEET

As at 30 April 2023
GASCOYNES LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 516,675 262,337
Tangible assets 4 106,126 112,674
622,801 375,011
Current assets
Stocks 500 500
Debtors 5 427,893 456,919
Cash at bank and in hand 80,273 44,428
508,666 501,847
Creditors: amounts falling due within one year 6 ( 570,242) ( 309,377)
Net current (liabilities)/assets (61,576) 192,470
Total assets less current liabilities 561,225 567,481
Creditors: amounts falling due after more than one year 7 ( 28,199) ( 36,303)
Net assets 533,026 531,178
Capital and reserves
Called-up share capital 8 20,000 20,400
Profit and loss account 513,026 510,778
Total shareholder's funds 533,026 531,178

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Gascoynes Limited (registered number: 04746979) were approved and authorised for issue by the Board of Directors on 14 November 2023. They were signed on its behalf by:

Mr Christoper Reeve
Director
GASCOYNES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
GASCOYNES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gascoynes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St. Edmunds, IP28 6JY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 21

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2022 516,675 516,675
At 30 April 2023 516,675 516,675
Accumulated amortisation
At 01 May 2022 254,338 254,338
Charge for the financial year ( 254,338) ( 254,338)
At 30 April 2023 0 0
Net book value
At 30 April 2023 516,675 516,675
At 30 April 2022 262,337 262,337

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 May 2022 6,505 170,991 177,496
Additions 0 14,370 14,370
At 30 April 2023 6,505 185,361 191,866
Accumulated depreciation
At 01 May 2022 0 64,822 64,822
Charge for the financial year 0 20,918 20,918
At 30 April 2023 0 85,740 85,740
Net book value
At 30 April 2023 6,505 99,621 106,126
At 30 April 2022 6,505 106,169 112,674

5. Debtors

2023 2022
£ £
Trade debtors 348,261 378,836
Other debtors 79,632 78,083
427,893 456,919

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 55,081 61,281
Amounts owed to Group undertakings 223,948 13,702
Taxation and social security 204,160 190,511
Obligations under finance leases and hire purchase contracts 3,497 3,809
Other creditors 73,556 30,074
570,242 309,377

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 25,000 35,000
Obligations under finance leases and hire purchase contracts 3,199 1,303
28,199 36,303

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
20,000 A ordinary shares of £ 1.00 each 20,000 20,000
nil B ordinary shares (2022: 100 shares of £ 1.00 each) 0 100
nil C ordinary shares (2022: 100 shares of £ 1.00 each) 0 100
nil D ordinary shares (2022: 100 shares of £ 1.00 each) 0 100
nil E ordinary shares (2022: 100 shares of £ 1.00 each) 0 100
20,000 20,400

9. Ultimate controlling party

Parent Company:

Gascoynes Holding Company Limited
Gascoyne House, Moseleys Farm Business Centre, Fornham All Saints, Suffolk, IP28 6JY