Company Registration No. 02219213 (England and Wales)
Gaskell Quartz Limited
Unaudited accounts
for the year ended 31 March 2023
Gaskell Quartz Limited
Unaudited accounts
Contents
Gaskell Quartz Limited
Company Information
for the year ended 31 March 2023
Company Number
02219213 (England and Wales)
Registered Office
Arch 276 Belinda Road
Lonodn
SW9 7DT
Accountants
One Abacus Limited
Coldharbour Works
245a Coldharbour Lane
London
SW9 8RR
Gaskell Quartz Limited
Statement of financial position
as at 31 March 2023
Tangible assets
41,225
44,293
Cash at bank and in hand
11,913
15,682
Creditors: amounts falling due within one year
(713,746)
(552,630)
Net current liabilities
(638,661)
(499,930)
Total assets less current liabilities
(597,436)
(455,637)
Creditors: amounts falling due after more than one year
(5,717)
(5,717)
Provisions for liabilities
Net liabilities
(603,906)
(462,107)
Called up share capital
154
154
Share premium
66,670
66,670
Capital redemption reserve
26
26
Profit and loss account
(670,756)
(528,957)
Shareholders' funds
(603,906)
(462,107)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 July 2023 and were signed on its behalf by
Ben Gaskell
Director
Company Registration No. 02219213
Gaskell Quartz Limited
Notes to the Accounts
for the year ended 31 March 2023
Gaskell Quartz Limited is a private company, limited by shares, registered in England and Wales, registration number 02219213. The registered office is Arch 276 Belinda Road, Lonodn, SW9 7DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line Basis
Plant & machinery
10% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
3 Years Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
31,508
150,944
40,626
2,468
225,546
Additions
-
-
-
1,315
1,315
At 31 March 2023
31,508
150,944
40,626
3,783
226,861
At 1 April 2022
17,303
123,097
39,084
1,769
181,253
Charge for the year
630
2,790
154
809
4,383
At 31 March 2023
17,933
125,887
39,238
2,578
185,636
At 31 March 2023
13,575
25,057
1,388
1,205
41,225
At 31 March 2022
14,205
27,847
1,542
699
44,293
Gaskell Quartz Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Accrued income and prepayments
113
113
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
189,117
34,440
Other creditors
57,257
57,255
Loans from directors
464,147
459,270
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
5,717
5,717
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).