IRIS Accounts Production v23.4.0.336 10531984 director 1.1.23 31.12.23 31.12.23 6.3.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105319842022-12-31105319842023-12-31105319842023-01-012023-12-31105319842021-12-31105319842022-01-012022-12-31105319842022-12-3110531984ns15:EnglandWales2023-01-012023-12-3110531984ns14:PoundSterling2023-01-012023-12-3110531984ns10:Director12023-01-012023-12-3110531984ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110531984ns10:SmallEntities2023-01-012023-12-3110531984ns10:Audited2023-01-012023-12-3110531984ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110531984ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110531984ns10:FullAccounts2023-01-012023-12-3110531984ns10:OrdinaryShareClass12023-01-012023-12-3110531984ns10:RegisteredOffice2023-01-012023-12-3110531984ns5:CurrentFinancialInstruments2023-12-3110531984ns5:CurrentFinancialInstruments2022-12-3110531984ns5:ShareCapital2023-12-3110531984ns5:ShareCapital2022-12-3110531984ns5:RetainedEarningsAccumulatedLosses2023-12-3110531984ns5:RetainedEarningsAccumulatedLosses2022-12-3110531984ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110531984ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110531984ns5:WithinOneYear2023-12-3110531984ns5:WithinOneYear2022-12-3110531984ns5:BetweenOneFiveYears2023-12-3110531984ns5:BetweenOneFiveYears2022-12-3110531984ns5:AllPeriods2023-12-3110531984ns5:AllPeriods2022-12-3110531984ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10531984 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GASTROMAX LIMITED

GASTROMAX LIMITED (REGISTERED NUMBER: 10531984)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GASTROMAX LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: A W Rosenlew





REGISTERED OFFICE: Herschel House
58 Herschel Street
Slough
SL1 1PG





REGISTERED NUMBER: 10531984 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

GASTROMAX LIMITED (REGISTERED NUMBER: 10531984)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 130,621 60,471
Cash at bank 54,532 61,927
185,153 122,398
CREDITORS
Amounts falling due within one year 5 39,748 26,490
NET CURRENT ASSETS 145,405 95,908
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,405

95,908

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 144,405 94,908
SHAREHOLDERS' FUNDS 145,405 95,908

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 director and authorised for issue on 6 March 2024 and were signed by:





A W Rosenlew - Director


GASTROMAX LIMITED (REGISTERED NUMBER: 10531984)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gastromax 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.

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.

The company has obtained a letter of support from its parent company, Oy Orthex Finland Ab. The Directors of Oy Orthex Finland Ab have provided a commitment to provide any financial support which may be necessary in order that the company can meet its liabilities, as they fall due, for the foreseeable future being at least 12 months and 1 day after the signing of this audit report. As a result of this commitment the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts charged to the company's parent company under an advertising and marketing agreement, excluding value added tax. Turnover is recognised when chargeable costs are incurred. Additional turnover is recognised at the year end with the parent company to achieve a net profit as required by the group wide transfer pricing study.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102 (Section 1A).

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.

GASTROMAX LIMITED (REGISTERED NUMBER: 10531984)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 1 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 126,587 57,443
Other debtors 4,034 3,028
130,621 60,471

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,681 1,949
Taxation and social security 22,030 10,600
Other creditors & accruals 16,037 13,941
39,748 26,490

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 17,891 2,062
Between one and five years 27,858 -
45,749 2,062

GASTROMAX LIMITED (REGISTERED NUMBER: 10531984)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

Use of This Report:
We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:
"This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company of Gastromax Limited is Orthex Oyj, a company incorporated in Finland.

Orthex Oyj prepares consolidated financial statements, including Gastromax Limited and its subsidiary companies, and these are publicly available on Orthex Oyj's website at https://investors.orthexgroup.com.

10. IMMEDIATE PARENT COMPANY

The immediate parent undertaking is Oy Orthex Finland Ab, a company incorporated in Finland which owns 100% of Gastromax Limited. Copies of the consolidated financial statements of Oy Orthex Finland Ab are available from Suomalaistentie 7, 02270 ESPOO, Finland.