Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr Thomas Buckley-Smith 01/11/2022 Mr Ashley MacDonald 01/11/2022 Mr Christopher Reeve 23/08/2022 Mr Mark Thurston 01/11/2022 14 November 2023 The principal activity of the company during the financial year was that of accountancy, taxation and management services. 14313726 2023-04-30 14313726 bus:Director1 2023-04-30 14313726 bus:Director2 2023-04-30 14313726 bus:Director3 2023-04-30 14313726 bus:Director4 2023-04-30 14313726 2022-04-30 14313726 core:CurrentFinancialInstruments 2023-04-30 14313726 core:CurrentFinancialInstruments 2022-04-30 14313726 core:Non-currentFinancialInstruments 2023-04-30 14313726 core:Non-currentFinancialInstruments 2022-04-30 14313726 core:ShareCapital 2023-04-30 14313726 core:ShareCapital 2022-04-30 14313726 core:RetainedEarningsAccumulatedLosses 2023-04-30 14313726 core:RetainedEarningsAccumulatedLosses 2022-04-30 14313726 core:Goodwill 2022-04-30 14313726 core:Goodwill 2023-04-30 14313726 core:OtherPropertyPlantEquipment 2022-04-30 14313726 core:OtherPropertyPlantEquipment 2023-04-30 14313726 bus:OrdinaryShareClass1 2023-04-30 14313726 2022-05-01 2023-04-30 14313726 bus:FullAccounts 2022-05-01 2023-04-30 14313726 bus:SmallEntities 2022-05-01 2023-04-30 14313726 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 14313726 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 14313726 bus:Director1 2022-05-01 2023-04-30 14313726 bus:Director2 2022-05-01 2023-04-30 14313726 bus:Director3 2022-05-01 2023-04-30 14313726 bus:Director4 2022-05-01 2023-04-30 14313726 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 14313726 2021-05-01 2022-04-30 14313726 core:Goodwill 2022-05-01 2023-04-30 14313726 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 14313726 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 14313726 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14313726 (England and Wales)

GASCOYNES (IPSWICH) LIMITED

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

GASCOYNES (IPSWICH) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

GASCOYNES (IPSWICH) LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
GASCOYNES (IPSWICH) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Mr Thomas Buckley-Smith
Mr Ashley MacDonald
Mr Christopher Reeve
Mr Mark Thurston
SECRETARY Mrs Deborah Reeve
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
IP28 6JY
United Kingdom
COMPANY NUMBER 14313726 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
GASCOYNES (IPSWICH) LIMITED

BALANCE SHEET

As at 30 April 2023
GASCOYNES (IPSWICH) LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 4 373,363 0
Tangible assets 5 14,564 0
387,927 0
Current assets
Stocks 6 27,152 0
Debtors 7 8,424 0
Cash at bank and in hand 9 0
35,585 0
Creditors: amounts falling due within one year 8 ( 169,704) 0
Net current liabilities (134,119) 0
Total assets less current liabilities 253,808 0
Creditors: amounts falling due after more than one year 9 ( 229,563) 0
Net assets 24,245 0
Capital and reserves
Called-up share capital 10 100 0
Profit and loss account 24,145 0
Total shareholder's funds 24,245 0

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 (Ipswich) Limited (registered number: 14313726) were approved and authorised for issue by the Board of Directors on 14 November 2023. They were signed on its behalf by:

Mr Christopher Reeve
Director
GASCOYNES (IPSWICH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
GASCOYNES (IPSWICH) 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 (Ipswich) 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, 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:

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.

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. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 0

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2022 0 0
Additions 373,363 373,363
At 30 April 2023 373,363 373,363
Accumulated amortisation
At 01 May 2022 0 0
At 30 April 2023 0 0
Net book value
At 30 April 2023 373,363 373,363
At 30 April 2022 0 0

5. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2022 0 0
Additions 16,205 16,205
At 30 April 2023 16,205 16,205
Accumulated depreciation
At 01 May 2022 0 0
Charge for the financial year 1,641 1,641
At 30 April 2023 1,641 1,641
Net book value
At 30 April 2023 14,564 14,564
At 30 April 2022 0 0

6. Stocks

2023 2022
£ £
Work in progress 27,152 0

7. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 397 0
Other debtors 8,027 0
8,424 0

8. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 3,376 0
Amounts owed to Group undertakings 160,000 0
Taxation and social security 2,966 0
Other creditors 3,362 0
169,704 0

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

2023 2022
£ £
Other creditors 229,563 0

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

10. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each (2022: nil shares) 100 0

11. Ultimate controlling party

Parent Company:

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