Gel Ovations Europe Limited 06362508 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is is that of the manufacture and supply of products to the healthcare sector. Digita Accounts Production Advanced 6.30.9574.0 true 06362508 2022-04-01 2023-03-31 06362508 2023-03-31 06362508 core:CurrentFinancialInstruments 2023-03-31 06362508 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06362508 core:FurnitureFittings 2023-03-31 06362508 core:MotorVehicles 2023-03-31 06362508 core:PlantMachinery 2023-03-31 06362508 bus:SmallEntities 2022-04-01 2023-03-31 06362508 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06362508 bus:AbridgedAccounts 2022-04-01 2023-03-31 06362508 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06362508 bus:RegisteredOffice 2022-04-01 2023-03-31 06362508 bus:Director1 2022-04-01 2023-03-31 06362508 bus:Director3 2022-04-01 2023-03-31 06362508 bus:Director6 2022-04-01 2023-03-31 06362508 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06362508 core:CommercialMotorVehicles 2022-04-01 2023-03-31 06362508 core:FurnitureFittings 2022-04-01 2023-03-31 06362508 core:MotorVehicles 2022-04-01 2023-03-31 06362508 core:PlantMachinery 2022-04-01 2023-03-31 06362508 countries:EnglandWales 2022-04-01 2023-03-31 06362508 2022-03-31 06362508 core:FurnitureFittings 2022-03-31 06362508 core:MotorVehicles 2022-03-31 06362508 core:PlantMachinery 2022-03-31 06362508 2021-04-01 2022-03-31 06362508 2022-03-31 06362508 core:CurrentFinancialInstruments 2022-03-31 06362508 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06362508 core:FurnitureFittings 2022-03-31 06362508 core:MotorVehicles 2022-03-31 06362508 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 06362508

Gel Ovations Europe Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2023

 

Gel Ovations Europe Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Gel Ovations Europe Limited

Company Information

Directors

J J Payne

D A Pearce

J Payne

Registered office

Unit 3 Charlton Road
Brentry
Bristol
BS10 6NF

Accountants

Foxmain Associates Limited
Chartered Accountants & Tax Advisers
60 Stoke Lane
Westbury on Trym
Bristol
BS9 3SW

 

Gel Ovations Europe Limited

(Registration number: 06362508)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

20,790

30,665

Current assets

 

Stocks

206,263

275,728

Debtors

5

125,315

160,901

Cash at bank and in hand

 

392,725

416,062

 

724,303

852,691

Prepayments and accrued income

 

10,917

10,972

Creditors: Amounts falling due within one year

(14,012)

(72,530)

Net current assets

 

721,208

791,133

Total assets less current liabilities

 

741,998

821,798

Accruals and deferred income

 

(7,065)

(8,065)

Net assets

 

734,933

813,733

Capital and reserves

 

Called up share capital

85

85

Capital redemption reserve

15

15

Retained earnings

734,833

813,633

Shareholders' funds

 

734,933

813,733

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 November 2023 and signed on its behalf by:
 

 

Gel Ovations Europe Limited

(Registration number: 06362508)
Abridged Balance Sheet as at 31 March 2023 (continued)


J J Payne
Director

 

Gel Ovations Europe Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3 Charlton Road
Brentry
Bristol
BS10 6NF

These financial statements were authorised for issue by the Board on 24 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gel Ovations Europe Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machiinery

at varying rates on cost

Fixtures and fittings

at varying rates on cost

Motor vehicles

at varying rates 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.

Defined contribution pension obligation

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 6).

 

Gel Ovations Europe Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

27,683

9,043

35,480

72,206

Additions

718

-

-

718

At 31 March 2023

28,401

9,043

35,480

72,924

Depreciation

At 1 April 2022

17,879

4,002

19,660

41,541

Charge for the year

2,397

1,100

7,096

10,593

At 31 March 2023

20,276

5,102

26,756

52,134

Carrying amount

At 31 March 2023

8,125

3,941

8,724

20,790

At 31 March 2022

9,804

5,041

15,820

30,665

5

Debtors

Debtors includes £11,496 (2022 - £11,496) due after more than one year.