15 March 2022 false No description of principal activity Taxfiler 2023.14 true 13975736business:PrivateLimitedCompanyLtd2022-03-152023-03-31 139757362022-03-14 139757362022-03-152023-03-31 13975736business:AuditExempt-NoAccountantsReport2022-03-152023-03-31 13975736business:FilletedAccounts2022-03-152023-03-31 139757362023-03-31 13975736business:Director12022-03-152023-03-31 13975736business:RegisteredOffice2022-03-152023-03-31 13975736core:WithinOneYear2023-03-31 13975736core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13975736core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 13975736core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13975736core:PreviouslyStatedAmount2023-03-31 13975736business:SmallEntities2022-03-152023-03-31 13975736countries:EnglandWales2022-03-152023-03-31 13975736core:PlantMachinery2022-03-152023-03-31 13975736core:FurnitureFittings2022-03-152023-03-31 13975736core:ComputerEquipment2022-03-152023-03-31 13975736core:Goodwill2022-03-14 13975736core:Goodwill2022-03-152023-03-31 13975736core:Goodwill2023-03-31 13975736core:PlantMachinery2022-03-14 13975736core:FurnitureFittings2022-03-14 13975736core:ComputerEquipment2022-03-14 13975736core:PlantMachinery2023-03-31 13975736core:FurnitureFittings2023-03-31 13975736core:ComputerEquipment2023-03-31 13975736core:AfterOneYear2023-03-31 13975736business:OrdinaryShareClass12022-03-152023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13975736 (England and Wales)
Gayle Mansfield Designs Limited Unaudited accounts for the period from 15 March 2022 to 31 March 2023
Gayle Mansfield Designs Limited Unaudited accounts Contents
Page
- 2 -
Gayle Mansfield Designs Limited Company Information for the period from 15 March 2022 to 31 March 2023
Director
Gayle Ann Mansfield
Company Number
13975736 (England and Wales)
Registered Office
219 Tarring Road Worthing BN11 4HN United Kingdom
- 3 -
Gayle Mansfield Designs Limited Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
18,050 
Tangible assets
4,849 
22,899 
Current assets
Inventories
1,000 
Debtors
2,547 
Cash at bank and in hand
13,816 
17,363 
Creditors: amounts falling due within one year
(39,530)
Net current liabilities
(22,167)
Net assets
732 
Capital and reserves
Called up share capital
100 
Share premium
9,000 
Profit and loss account
(8,368)
Shareholders' funds
732 
For the period 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 her 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 21 February 2024 and were signed on its behalf by
Gayle Ann Mansfield Director Company Registration No. 13975736
- 4 -
Gayle Mansfield Designs Limited Notes to the Accounts for the period from 15 March 2022 to 31 March 2023
1
Statutory information
Gayle Mansfield Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 13975736. The registered office is 219 Tarring Road, Worthing, BN11 4HN, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33.3% reducing balance
Inventories
Inventories 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The director has confirmed that she will continue to give financial support to the company and that she will not recall her loan within 12 months. The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
- 5 -
Gayle Mansfield Designs Limited Notes to the Accounts for the period from 15 March 2022 to 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 15 March 2022
- 
Additions
19,000 
At 31 March 2023
19,000 
Amortisation
At 15 March 2022
- 
Charge for the period
950 
At 31 March 2023
950 
Net book value
At 31 March 2023
18,050 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 15 March 2022
- 
- 
- 
- 
Additions
2,899 
512 
3,450 
6,861 
At 31 March 2023
2,899 
512 
3,450 
6,861 
Depreciation
Charge for the period
771 
102 
1,139 
2,012 
At 31 March 2023
771 
102 
1,139 
2,012 
Net book value
At 31 March 2023
2,128 
410 
2,311 
4,849 
6
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
547 
Amounts falling due after more than one year
Accrued income and prepayments
2,000 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
2,090 
Trade creditors
157 
Other creditors
7,882 
Loans from directors
29,401 
39,530 
- 6 -
Gayle Mansfield Designs Limited Notes to the Accounts for the period from 15 March 2022 to 31 March 2023
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
9
Average number of employees
During the period the average number of employees was 1.
- 7 -