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REGISTERED NUMBER: 02230689 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gardiner Colours Limited

Gardiner Colours Limited (Registered number: 02230689)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gardiner Colours Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J B Gardiner





REGISTERED OFFICE: Ripley Drive
Normanton
West Yorkshire
WF6 1QT





REGISTERED NUMBER: 02230689 (England and Wales)






Gardiner Colours Limited (Registered number: 02230689)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,293 235,227

CURRENT ASSETS
Stocks 287,704 419,646
Debtors 5 27,127 34,021
Cash at bank and in hand 5 430
314,836 454,097
CREDITORS
Amounts falling due within one year 6 386,094 531,538
NET CURRENT LIABILITIES (71,258 ) (77,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,035

157,786

CREDITORS
Amounts falling due after more than one
year

7

(51,670

)

(33,140

)

PROVISIONS FOR LIABILITIES (10,929 ) (10,929 )
NET ASSETS 153,436 113,717

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 153,335 113,616
SHAREHOLDERS' FUNDS 153,436 113,717

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

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

Gardiner Colours Limited (Registered number: 02230689)

Statement of Financial Position - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2024 and were signed by:





J B Gardiner - Director


Gardiner Colours Limited (Registered number: 02230689)

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

1. STATUTORY INFORMATION

Gardiner Colours 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.

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.
Leasehold property - 4% on cost
Plant and machinery - 4% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 66,223 268,138 70,250 31,542 436,153
Additions - 69,668 - - 69,668
At 31 December 2023 66,223 337,806 70,250 31,542 505,821
DEPRECIATION
At 1 January 2023 33,453 66,586 70,250 30,637 200,926
Charge for year 2,648 14,050 - 904 17,602
At 31 December 2023 36,101 80,636 70,250 31,541 218,528
NET BOOK VALUE
At 31 December 2023 30,122 257,170 - 1 287,293
At 31 December 2022 32,770 201,552 - 905 235,227

Gardiner Colours Limited (Registered number: 02230689)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 27,127 33,705
Other debtors - 316
27,127 34,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 96,403 32,827
Hire purchase contracts 3,069 -
Trade creditors 235,676 388,588
Taxation and social security 18,910 61,360
Other creditors 32,036 48,763
386,094 531,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 25,004 33,140
Hire purchase contracts 7,019 -
Other creditors 19,647 -
51,670 33,140

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,004 33,140

8. SECURITY

HSBC UK Bank Plc hold a legal assignment of contract monies dated 19th August 2019.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J B Gardiner.