Company Registration No. 04676966 (England and Wales)
Gerry Pounder Associates Ltd
Unaudited accounts
for the year ended 31 March 2023
Gerry Pounder Associates Ltd
Unaudited accounts
Contents
Gerry Pounder Associates Ltd
Company Information
for the year ended 31 March 2023
Company Number
04676966 (England and Wales)
Registered Office
Unit 2 Skyways Commercial Campus
Amy Johnson Way
Blackpool
Lancashire
FY4 3RS
UK
Accountants
Christine Chu
261 the Green
Eccleston
PR7 5TF
Gerry Pounder Associates Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
116,849
127,345
Cash at bank and in hand
350,257
377,360
Creditors: amounts falling due within one year
(95,945)
(63,034)
Net current assets
444,672
367,597
Total assets less current liabilities
561,521
494,942
Provisions for liabilities
Other provisions
-
(1,287)
Net assets
561,521
493,655
Called up share capital
100
100
Profit and loss account
561,421
493,555
Shareholders' funds
561,521
493,655
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 20 November 2023 and were signed on its behalf by
Mr A G Pounder
Director
Company Registration No. 04676966
Gerry Pounder Associates Ltd
Notes to the Accounts
for the year ended 31 March 2023
Gerry Pounder Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 04676966. The registered office is Unit 2 Skyways Commercial Campus, Amy Johnson Way, Blackpool, Lancashire, FY4 3RS, UK.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
4% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Gerry Pounder Associates Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
144,888
11,394
24,090
10,336
67,274
257,982
Disposals
(985)
-
-
-
(1,219)
(2,204)
At 31 March 2023
143,903
11,394
24,090
10,336
66,055
255,778
At 1 April 2022
33,647
11,191
19,218
7,507
59,074
130,637
Charge for the year
5,712
51
1,218
706
1,585
9,272
On disposals
-
-
-
-
(980)
(980)
At 31 March 2023
39,359
11,242
20,436
8,213
59,679
138,929
At 31 March 2023
104,544
152
3,654
2,123
6,376
116,849
At 31 March 2022
111,241
203
4,872
2,829
8,200
127,345
Amounts falling due within one year
Trade debtors
187,739
50,675
Accrued income and prepayments
1,383
1,358
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
33,966
19,311
7
Average number of employees
During the year the average number of employees was 4 (2022: 5).