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REGISTERED NUMBER: 01729315 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

GADEBRIDGE BEDDING AND FURNITURE LTD

GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GADEBRIDGE BEDDING AND FURNITURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Ms J Clark
D J Clark
A J Clark





SECRETARY: Ms J Clark





REGISTERED OFFICE: 6 Rossgate
Galley Hill
Hemel Hempstead
Hertfordshire
HP1 3LG





REGISTERED NUMBER: 01729315 (England and Wales)





ACCOUNTANTS: Gowers Limited
The Old School House
Bridge Road
Hunton Bridge
Kings Langley
Hertfordshire
WD4 8SZ

GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 441,654 467,265

CURRENT ASSETS
Stocks 28,000 28,000
Debtors 5 100 2,284
Cash at bank 205,270 177,816
233,370 208,100
CREDITORS
Amounts falling due within one year 6 (134,305 ) (149,687 )
NET CURRENT ASSETS 99,065 58,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,719

525,678

CREDITORS
Amounts falling due after more than one year 7 (110,144 ) (118,624 )

PROVISIONS FOR LIABILITIES (1,200 ) (600 )
NET ASSETS 429,375 406,454

CAPITAL AND RESERVES
Called up share capital 5,001 5,001
Revaluation reserve 8 40,000 40,000
Retained earnings 384,374 361,453
429,375 406,454

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

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

GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

BALANCE SHEET - continued
31ST DECEMBER 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 17th April 2024 and were signed on its behalf by:





D J Clark - Director


GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Gadebridge Bedding and Furniture 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance
Freehold buildings - 1% straight line

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.

GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

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


2. ACCOUNTING POLICIES - continued

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.

Investments
Investments are held at market value. The directors do not consider the market value to be materially different from the cost in the year.

Government grants
Government grants are recognised using the accrual model whereby revenue grants are recognised on a
systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, shall be recognised in income in the period in which it becomes receivable.

Coronavirus Job Retention Scheme (CJRS)
Income in respect of the CJRS is recognised in the period to which the underlying furloughed staff costs relate, the payroll liability has been incurred by the entity, and therefore the conditions to claim have been met.

Local Authority Support Grants
These local authority grants do not have any performance conditions attached, as they are designed to provide immediate financial support. They are therefore recognised immediately upon the entity being satisfied that they have the entitlement.

Bounce Back Loan (BBL) Interest
Interest on the BBL, covered by the Government for the first twelve months of the loan, is recognised as a cost as accrued.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st January 2023
and 31st December 2023 400,900 223,469 624,369
DEPRECIATION
At 1st January 2023 20,045 137,059 157,104
Charge for year 4,009 21,602 25,611
At 31st December 2023 24,054 158,661 182,715
NET BOOK VALUE
At 31st December 2023 376,846 64,808 441,654
At 31st December 2022 380,855 86,410 467,265

Cost or valuation at 31st December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2013 360,900 - 360,900
Valuation in 2014 40,000 - 40,000
Valuation in 2017 - 80,144 80,144
Valuation in 2018 - 995 995
Valuation in 2019 - 4,823 4,823
400,900 85,962 486,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 100 2,284

GADEBRIDGE BEDDING AND FURNITURE LTD (REGISTERED NUMBER: 01729315)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,791 19,664
Hire purchase contracts 12,000 7,000
Trade creditors 65,565 85,546
Taxation and social security 39,860 28,533
Other creditors 9,089 8,944
134,305 149,687

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 42,441 33,921
Hire purchase contracts 67,703 84,703
110,144 118,624

8. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 40,000