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REGISTERED NUMBER: 10665861 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

GAINSBOROUGH GROUP LIMITED

GAINSBOROUGH GROUP LIMITED (REGISTERED NUMBER: 10665861)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GAINSBOROUGH GROUP LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C Whitehouse





REGISTERED OFFICE: C/O BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH





REGISTERED NUMBER: 10665861 (England and Wales)





ACCOUNTANTS: BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH

GAINSBOROUGH GROUP LIMITED (REGISTERED NUMBER: 10665861)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 5 4,276 13,881
Cash at bank 8,862 2,815
13,138 16,696
CREDITORS
Amounts falling due within one year 6 3,633 6,710
NET CURRENT ASSETS 9,505 9,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,505

9,986

CREDITORS
Amounts falling due after more than one
year

7

9,557

10,842
NET LIABILITIES (52 ) (856 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (152 ) (956 )
SHAREHOLDERS' FUNDS (52 ) (856 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:



C Whitehouse - Director


GAINSBOROUGH GROUP LIMITED (REGISTERED NUMBER: 10665861)

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

1. STATUTORY INFORMATION

Gainsborough Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 material 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.

4. EMPLOYEES

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 801 801
Other debtors 3,475 13,080
4,276 13,881

GAINSBOROUGH GROUP LIMITED (REGISTERED NUMBER: 10665861)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,286 1,255
Trade creditors 34 2,198
Taxation and social security 319 1,973
Other creditors 1,994 1,284
3,633 6,710

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 9,557 10,842

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,077 6,599

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
C Whitehouse
Balance outstanding at start of year 11,482 8,324
Amounts advanced 221 14,242
Amounts repaid (10,014 ) (11,084 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,689 11,482

Interest has been included on the loan at HMRC beneficial loan rates. The loan was repaid shortly after the year end.