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REGISTERED NUMBER: 01493461 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

GARDINER BROS. LIMITED

GARDINER BROS. LIMITED (REGISTERED NUMBER: 01493461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARDINER BROS. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: M J Gardiner
T Gardiner



SECRETARY: Ribchesters Limited



REGISTERED OFFICE: Coulson Street
Spennymoor
Co. Durham
DL16 7RS



REGISTERED NUMBER: 01493461 (England and Wales)



ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW



BANKERS: Barclays Bank plc
Market Place
Durham
DH1 3ND

GARDINER BROS. LIMITED (REGISTERED NUMBER: 01493461)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250,435 111,183

CURRENT ASSETS
Debtors 5 213,090 186,888
Cash at bank 14,406 23,304
227,496 210,192
CREDITORS
Amounts falling due within one year 6 18,014 20,973
NET CURRENT ASSETS 209,482 189,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,917

300,402

PROVISIONS FOR LIABILITIES 7 38,273 9,523
NET ASSETS 421,644 290,879

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Revaluation reserve 188,275 79,578
Retained earnings 228,369 206,301
SHAREHOLDERS' FUNDS 421,644 290,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GARDINER BROS. LIMITED (REGISTERED NUMBER: 01493461)

BALANCE SHEET - continued
30 APRIL 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 7 November 2023 and were signed on its behalf by:




M J Gardiner - Director



T Gardiner - Director


GARDINER BROS. LIMITED (REGISTERED NUMBER: 01493461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Gardiner Bros. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts earned in the year from the company's principal activity, net of Value Added Tax.

The company's profit share from the Gardiner Coach Repairs partnership is included in the turnover for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - straight line over 50 years
Fixtures, fittings and office equipment - between 10% NBV and 25% on cost
Computer equipment - 25% on cost

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.

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 1 (2022 - 1 ) .

GARDINER BROS. LIMITED (REGISTERED NUMBER: 01493461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 135,000 4,417 139,417
Revaluations 115,000 - 115,000
At 30 April 2023 250,000 4,417 254,417
DEPRECIATION
At 1 May 2022 24,300 3,934 28,234
Charge for year 2,025 48 2,073
Charge written back (26,325 ) - (26,325 )
At 30 April 2023 - 3,982 3,982
NET BOOK VALUE
At 30 April 2023 250,000 435 250,435
At 30 April 2022 110,700 483 111,183

Cost or valuation at 30 April 2023 is represented by:

Land and
buildings
£   
Valuation in 2023 250,000

If Freehold land and buildings had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 27,680 27,680

Value of land in freehold land and buildings 62,500 33,750

Freehold land and buildings was valued on an open market basis on 10 August 2023 by Bradley Hall Chartered Surveyors .

The directors consider that valuation to remain appropriate at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 213,090 186,888

GARDINER BROS. LIMITED (REGISTERED NUMBER: 01493461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,494 8,214
Taxation and social security 5,163 10,859
Other creditors 3,357 1,900
18,014 20,973

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax on revaluation 38,273 9,523

Deferred
tax
£   
Balance at 1 May 2022 9,523
Charge/(credit) on deferred 28,750
tax due on fair value change
of freehold property
Balance at 30 April 2023 38,273

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

9. RELATED PARTY DISCLOSURES

The company is one of three equal partners in a partnership.

As at 30 April 2023 the amount due from the partnership was £198,848, which is included in Other Debtors. (2022: £178,323). No interest is due on this balance.

The company's business premises are also jointly occupied by this partnership, in which the company is a partner. No rent is charged for this occupation.

During the year management charges of £9,000 (2022: £9,000) were charged for services provided to a company related by way of a director and shareholder also being a director and shareholder of that company.