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REGISTERED NUMBER: 08674255 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

GLADSTONE AUTOMOTIVE ENGINEERING LTD

GLADSTONE AUTOMOTIVE ENGINEERING LTD (REGISTERED NUMBER: 08674255)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 September 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


GLADSTONE AUTOMOTIVE ENGINEERING LTD

Company Information
FOR THE YEAR ENDED 30 September 2023







DIRECTOR: Mr M E Gladstone Perez-Yarz





REGISTERED OFFICE: 15 Denmark Street
London
N17 0JL





REGISTERED NUMBER: 08674255 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

GLADSTONE AUTOMOTIVE ENGINEERING LTD (REGISTERED NUMBER: 08674255)

Abridged Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 425 324

CURRENT ASSETS
Debtors 9,112 10,036
Cash at bank 33,376 41,826
42,488 51,862
CREDITORS
Amounts falling due within one year (15,501 ) (19,695 )
NET CURRENT ASSETS 26,987 32,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,412

32,491

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 27,411 32,490
SHAREHOLDERS' FUNDS 27,412 32,491

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 March 2024 and were signed by:



Mr M E Gladstone Perez-Yarz - Director


GLADSTONE AUTOMOTIVE ENGINEERING LTD (REGISTERED NUMBER: 08674255)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 September 2023


1. STATUTORY INFORMATION

Gladstone Automotive Engineering 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GLADSTONE AUTOMOTIVE ENGINEERING LTD (REGISTERED NUMBER: 08674255)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 September 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 1,649
Additions 638
At 30 September 2023 2,287
DEPRECIATION
At 1 October 2022 1,325
Charge for year 537
At 30 September 2023 1,862
NET BOOK VALUE
At 30 September 2023 425
At 30 September 2022 324

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £15,000 (2022 - £5,000).

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr M E Gladstone Perez-Yarz
Balance outstanding at start of year (329 ) (548 )
Amounts advanced 7,330 11,035
Amounts repaid (7,178 ) (10,816 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (177 ) (329 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M E Gladstone Perez-Yarz.