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REGISTERED NUMBER: 04478086 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st July 2023

for

Gloucester Engineering Supplies Ltd

Gloucester Engineering Supplies Ltd (Registered number: 04478086)






Contents of the Financial Statements
For The Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Gloucester Engineering Supplies Ltd

Company Information
For The Year Ended 31st July 2023







DIRECTOR: H L N Stinchcombe





SECRETARY: Mrs H Stinchcombe





REGISTERED OFFICE: 36 Oxtalls Way
Longlevens
Gloucester
Gloucestershire
GL2 9JQ





REGISTERED NUMBER: 04478086 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Gloucester Engineering Supplies Ltd (Registered number: 04478086)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,673 1,669

CURRENT ASSETS
Stocks 4,418 4,672
Debtors 5 76,714 75,430
Cash at bank 145,119 177,851
226,251 257,953
CREDITORS
Amounts falling due within one year 6 197,379 217,476
NET CURRENT ASSETS 28,872 40,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,545

42,146

CREDITORS
Amounts falling due after more than one
year

7

(26,055

)

(23,000

)

PROVISIONS FOR LIABILITIES (3,482 ) (317 )
NET ASSETS 27,008 18,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 26,908 18,729
SHAREHOLDERS' FUNDS 27,008 18,829

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

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

Gloucester Engineering Supplies Ltd (Registered number: 04478086)

Balance Sheet - continued
31st July 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 and authorised for issue by the director and authorised for issue on 5th February 2024 and were signed by:





H L N Stinchcombe - Director


Gloucester Engineering Supplies Ltd (Registered number: 04478086)

Notes to the Financial Statements
For The Year Ended 31st July 2023

1. STATUTORY INFORMATION

Gloucester Engineering Supplies Ltd 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 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Gloucester Engineering Supplies Ltd (Registered number: 04478086)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 15,238
Additions 28,999
Disposals (5,000 )
At 31st July 2023 39,237
DEPRECIATION
At 1st August 2022 13,569
Charge for year 2,849
Eliminated on disposal (4,854 )
At 31st July 2023 11,564
NET BOOK VALUE
At 31st July 2023 27,673
At 31st July 2022 1,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 75,845 74,517
Other debtors 869 913
76,714 75,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 68,673 72,905
Taxation and social security 20,611 21,047
Other creditors 108,095 123,524
197,379 217,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 9,055 -
Other creditors 17,000 23,000
26,055 23,000

Gloucester Engineering Supplies Ltd (Registered number: 04478086)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2023

8. RESERVES
Retained
earnings
£   

At 1st August 2022 18,729
Profit for the year 67,179
Dividends (59,000 )
At 31st July 2023 26,908

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Gloucester Engineering Supplies Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gloucester Engineering Supplies Ltd for the year ended 31st July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Gloucester Engineering Supplies Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gloucester Engineering Supplies Ltd and state those matters that we have agreed to state to the director of Gloucester Engineering Supplies Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gloucester Engineering Supplies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gloucester Engineering Supplies Ltd. You consider that Gloucester Engineering Supplies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gloucester Engineering Supplies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


5th February 2024