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REGISTERED NUMBER: 04812962 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th June 2023

for

Gloucester Sausage Company Ltd

Gloucester Sausage Company Ltd (Registered number: 04812962)






Contents of the Financial Statements
For The Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Gloucester Sausage Company Ltd

Company Information
For The Year Ended 30th June 2023







DIRECTORS: Mrs L E Duberley
E R C Duberley
S F H Duberley





SECRETARY: Mrs L E Duberley





REGISTERED OFFICE: Unit 1
Knightsbridge Business Centre
Tewkesbury Road
Cheltenham
Gloucestershire
GL51 9TA





REGISTERED NUMBER: 04812962 (England and Wales)





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

Gloucester Sausage Company Ltd (Registered number: 04812962)

Balance Sheet
30th June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,262 23,532
20,262 23,532

CURRENT ASSETS
Stocks 6 34,500 30,500
Debtors 7 167,477 144,815
Cash at bank and in hand 19,515 30,219
221,492 205,534
CREDITORS
Amounts falling due within one year 8 52,355 51,580
NET CURRENT ASSETS 169,137 153,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,399

177,486

CREDITORS
Amounts falling due after more than one
year

9

(29,167

)

(39,167

)

PROVISIONS FOR LIABILITIES 11 (3,785 ) (4,392 )
NET ASSETS 156,447 133,927

CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings 13 156,443 133,923
SHAREHOLDERS' FUNDS 156,447 133,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Gloucester Sausage Company Ltd (Registered number: 04812962)

Balance Sheet - continued
30th June 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 Board of Directors and authorised for issue on 19th September 2023 and were signed on its behalf by:





S F H Duberley - Director


Gloucester Sausage Company Ltd (Registered number: 04812962)

Notes to the Financial Statements
For The Year Ended 30th June 2023

1. STATUTORY INFORMATION

Gloucester Sausage Company 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

Gloucester Sausage Company Ltd (Registered number: 04812962)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 50,000
AMORTISATION
At 1st July 2022
and 30th June 2023 50,000
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st July 2022 78,919 15,230 28,877 123,026
Additions 5,900 - - 5,900
At 30th June 2023 84,819 15,230 28,877 128,926
DEPRECIATION
At 1st July 2022 58,888 14,479 26,127 99,494
Charge for year 7,625 170 1,375 9,170
At 30th June 2023 66,513 14,649 27,502 108,664
NET BOOK VALUE
At 30th June 2023 18,306 581 1,375 20,262
At 30th June 2022 20,031 751 2,750 23,532

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 34,500 30,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade & Other debtors 163,549 141,086
VAT 3,928 3,729
167,477 144,815

Gloucester Sausage Company Ltd (Registered number: 04812962)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 36,262 30,956
Tax 5,889 9,571
Directors' current accounts 847 1,037
Accrued expenses 9,357 10,016
52,355 51,580

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other loans (see note 10) 29,167 39,167

10. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 29,167 39,167

11. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 3,785 4,392

Deferred
tax
£   
Balance at 1st July 2022 4,392
Credit to Income Statement during year (607 )
Balance at 30th June 2023 3,785

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
4 Ordinary £1 4 4

Gloucester Sausage Company Ltd (Registered number: 04812962)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2023

13. RESERVES
Retained
earnings
£   

At 1st July 2022 133,923
Profit for the year 22,520
At 30th June 2023 156,443

14. ULTIMATE CONTROLLING PARTY

There is no one individual having a controlling interest in this company.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gloucester Sausage Company Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 Sausage Company Ltd for the year ended 30th June 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 Board of Directors of Gloucester Sausage Company Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gloucester Sausage Company Ltd and state those matters that we have agreed to state to the Board of Directors of Gloucester Sausage Company Ltd, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gloucester Sausage Company 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 Sausage Company Ltd. You consider that Gloucester Sausage Company 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 Sausage Company 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


Date: 19th September 2023