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REGISTERED NUMBER: 05992982 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GADD & COMPANY LIMITED

GADD & COMPANY LIMITED (REGISTERED NUMBER: 05992982)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GADD & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr C P Gadd





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





REGISTERED NUMBER: 05992982 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

GADD & COMPANY LIMITED (REGISTERED NUMBER: 05992982)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 600 750
Tangible assets 5 - 3
600 753

CURRENT ASSETS
Stocks 6 831 6,868
Debtors 7 6,928 18,507
Cash at bank 1,733 1,773
9,492 27,148
CREDITORS
Amounts falling due within one year 8 18,725 18,180
NET CURRENT (LIABILITIES)/ASSETS (9,233 ) 8,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,633

)

9,721

CREDITORS
Amounts falling due after more than one
year

9

(6,709

)

(9,620

)

PROVISIONS FOR LIABILITIES - (1 )
NET (LIABILITIES)/ASSETS (15,342 ) 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,442 ) -
SHAREHOLDERS' FUNDS (15,342 ) 100

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 director acknowledges his 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.

GADD & COMPANY LIMITED (REGISTERED NUMBER: 05992982)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 27 November 2023 and were signed by:





Mr C P Gadd - Director


GADD & COMPANY LIMITED (REGISTERED NUMBER: 05992982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Gadd & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements have been prepared on a going concern basis. The director will continue to support the company in order for it to meet it's financial obligations as they fall due.

Turnover
Turnover represents net invoiced sales of goods and commissions, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

GADD & COMPANY LIMITED (REGISTERED NUMBER: 05992982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 3,000
AMORTISATION
At 1 April 2022 2,250
Amortisation for year 150
At 31 March 2023 2,400
NET BOOK VALUE
At 31 March 2023 600
At 31 March 2022 750

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 218 1,920 2,138
DEPRECIATION
At 1 April 2022 215 1,920 2,135
Charge for year 3 - 3
At 31 March 2023 218 1,920 2,138
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 3 - 3

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 831 6,868

GADD & COMPANY LIMITED (REGISTERED NUMBER: 05992982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 86 86
Directors' current accounts 3,291 17,355
Tax 3,551 794
VAT - 158
Prepayments - 114
6,928 18,507

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,089 16,285
Trade creditors 111 111
Social security and other taxes 35 31
Accrued expenses 1,490 1,753
18,725 18,180

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 3,709 6,620
6,709 9,620

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr C P Gadd throughout the current and previous year. Mr C P Gadd is the sole shareholder and director of the company.