IRIS Accounts Production v23.3.1.45 00765202 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure007652022022-05-31007652022023-05-31007652022022-06-012023-05-31007652022021-05-31007652022021-06-012022-05-31007652022022-05-3100765202ns16:EnglandWales2022-06-012023-05-3100765202ns15:PoundSterling2022-06-012023-05-3100765202ns11:Director12022-06-012023-05-3100765202ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3100765202ns11:SmallEntities2022-06-012023-05-3100765202ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-3100765202ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3100765202ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3100765202ns11:FullAccounts2022-06-012023-05-310076520212022-06-012023-05-3100765202ns11:Director22022-06-012023-05-3100765202ns11:CompanySecretary12022-06-012023-05-3100765202ns11:RegisteredOffice2022-06-012023-05-3100765202ns6:CurrentFinancialInstruments2023-05-3100765202ns6:CurrentFinancialInstruments2022-05-3100765202ns6:ShareCapital2023-05-3100765202ns6:ShareCapital2022-05-3100765202ns6:CapitalRedemptionReserve2023-05-3100765202ns6:CapitalRedemptionReserve2022-05-3100765202ns6:RetainedEarningsAccumulatedLosses2023-05-3100765202ns6:RetainedEarningsAccumulatedLosses2022-05-3100765202ns6:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3100765202ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-06-012023-05-3100765202ns6:IntangibleAssetsOtherThanGoodwill2022-05-3100765202ns6:IntangibleAssetsOtherThanGoodwill2023-05-3100765202ns6:IntangibleAssetsOtherThanGoodwill2022-05-3100765202ns6:LandBuildings2022-05-3100765202ns6:PlantMachinery2022-05-3100765202ns6:LandBuildings2022-06-012023-05-3100765202ns6:PlantMachinery2022-06-012023-05-3100765202ns6:LandBuildings2023-05-3100765202ns6:PlantMachinery2023-05-3100765202ns6:LandBuildings2022-05-3100765202ns6:PlantMachinery2022-05-3100765202ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3100765202ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3100765202ns6:AfterOneYearns6:Non-currentFinancialInstruments2023-05-3100765202ns6:AfterOneYearns6:Non-currentFinancialInstruments2022-05-3100765202ns11:Director112022-05-3100765202ns11:Director112021-05-3100765202ns11:Director112022-06-012023-05-3100765202ns11:Director112021-06-012022-05-3100765202ns11:Director112023-05-3100765202ns11:Director112022-05-31
REGISTERED NUMBER: 00765202 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

GASKELL BROS (WM. & C.) LIMITED

GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GASKELL BROS (WM. & C.) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: M W Gaskell
Mrs A J Cartwright





SECRETARY: Mrs A J Cartwright





REGISTERED OFFICE: Hollowdene
Winwick Lane
Winwick
Warrington
WA3 7EW





REGISTERED NUMBER: 00765202 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)

STATEMENT OF FINANCIAL POSITION
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,440 7,349
Tangible assets 5 850,186 843,117
856,626 850,466

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 6 333,100 392,593
Cash at bank and in hand 387,957 936,395
728,057 1,335,988
CREDITORS
Amounts falling due within one year 7 195,142 327,748
NET CURRENT ASSETS 532,915 1,008,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,389,541

1,858,706

PROVISIONS FOR LIABILITIES 60,000 40,000
NET ASSETS 1,329,541 1,818,706

CAPITAL AND RESERVES
Called up share capital 9,501 9,501
Capital redemption reserve 44,710 44,710
Retained earnings 1,275,330 1,764,495
SHAREHOLDERS' FUNDS 1,329,541 1,818,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 February 2024 and were signed on its behalf by:





M W Gaskell - Director


GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Gaskell Bros (Wm. & C.) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover is measured at fair value of the consideration received, or receivable for the value of goods sold, haulage and tipping fees, excluding value added tax.

Tipping fees are recognised on receipt of payment.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the customer, which is usually at the point when the customer receives the goods.

Turnover for haulage is recognised when service has been provided.

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.

Lease option are being amortised evenly over their estimated useful life of eleven years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings 3% on reducing balance
Plant and machinery etc21%-22% on reducing balance

Stocks
Stocks are valued at the lower of cost and expected selling price, after making 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 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 statement of financial position date.


GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

The assets of the scheme are held separately from those of the company.

Financial instruments
Debt instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Debt instruments like loans and other accounts payable and receivable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 10,000
AMORTISATION
At 1 June 2022 2,651
Charge for year 909
At 31 May 2023 3,560
NET BOOK VALUE
At 31 May 2023 6,440
At 31 May 2022 7,349

GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 675,551 3,037,458 3,713,009
Additions - 97,199 97,199
Disposals - (3,650 ) (3,650 )
At 31 May 2023 675,551 3,131,007 3,806,558
DEPRECIATION
At 1 June 2022 160,711 2,709,181 2,869,892
Charge for year 16,157 73,674 89,831
Eliminated on disposal - (3,351 ) (3,351 )
At 31 May 2023 176,868 2,779,504 2,956,372
NET BOOK VALUE
At 31 May 2023 498,683 351,503 850,186
At 31 May 2022 514,840 328,277 843,117

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 153,168 236,752
Other debtors 119,932 115,841
273,100 352,593

Amounts falling due after more than one year:
Other debtors 60,000 40,000

Aggregate amounts 333,100 392,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 164,071 183,648
Taxation and social security 10,130 117,092
Other creditors 20,941 27,008
195,142 327,748

GASKELL BROS (WM. & C.) LIMITED (REGISTERED NUMBER: 00765202)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
M W Gaskell
Balance outstanding at start of year - 33,851
Amounts advanced - 6,643
Amounts repaid - (40,494 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loans are interest free and repayable on demand.