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REGISTERED NUMBER: 04685397 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Gazelle Office Furniture Limited

Gazelle Office Furniture Limited (Registered number: 04685397)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gazelle Office Furniture Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D J Wade
Mrs W S Wade
Mr R C Condon





SECRETARY: Mr D J Wade





REGISTERED OFFICE: 208-212 Lawrence Hill
Lawrence Hill
Bristol
BS5 0DR





REGISTERED NUMBER: 04685397 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Gazelle Office Furniture Limited (Registered number: 04685397)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,109 19,192
15,109 19,192

CURRENT ASSETS
Stocks 9,975 10,825
Debtors 6 78,702 85,920
Cash at bank and in hand 219,483 206,908
308,160 303,653
CREDITORS
Amounts falling due within one year 7 193,086 198,792
NET CURRENT ASSETS 115,074 104,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,183

124,053

CREDITORS
Amounts falling due after more than one year 8 (3,367 ) (6,474 )

PROVISIONS FOR LIABILITIES 9 (2,871 ) (3,646 )
NET ASSETS 123,945 113,933

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 122,945 112,933
SHAREHOLDERS' FUNDS 123,945 113,933

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

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

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 9 November 2023 and were signed on its behalf by:



Mr D J Wade - Director


Gazelle Office Furniture Limited (Registered number: 04685397)

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

1. STATUTORY INFORMATION

Gazelle Office Furniture Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over period of lease
Fixtures and fittings - 25%/33.33% on reducing balance basis
Motor vehicles - 25% on reducing balance basis

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Gazelle Office Furniture Limited (Registered number: 04685397)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 135,000
AMORTISATION
At 1 April 2022
and 31 March 2023 135,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 11,345 18,121 35,765 65,231
DEPRECIATION
At 1 April 2022 11,345 17,760 16,934 46,039
Charge for year - 91 3,992 4,083
At 31 March 2023 11,345 17,851 20,926 50,122
NET BOOK VALUE
At 31 March 2023 - 270 14,839 15,109
At 31 March 2022 - 361 18,831 19,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,493 84,354
Other debtors - 1,000
Prepayments 1,209 566
78,702 85,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,107 3,107
Trade creditors 63,643 92,064
Taxation 18,410 15,018
Social security and other taxes 20,522 13,347
Other creditors 14,807 16,864
Directors' loan accounts 68,177 54,431
Accrued expenses 4,420 3,961
193,086 198,792

Gazelle Office Furniture Limited (Registered number: 04685397)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,367 6,474

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,871 3,646

Deferred
tax
£   
Balance at 1 April 2022 3,646
Credit to Income Statement during year (775 )
Balance at 31 March 2023 2,871

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 April 2022 112,933
Profit for the year 75,012
Dividends (65,000 )
At 31 March 2023 122,945

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,000 (2022 - £65,000) were paid to the directors .