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REGISTERED NUMBER: 04959166 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Gardner Engineering Services Limited

Gardner Engineering Services Limited (Registered number: 04959166)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gardner Engineering Services Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr P N Coy
Mrs S L Coy
Mr S P Coy





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 04959166 (England and Wales)





ACCOUNTANTS: Asquith & Co Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Gardner Engineering Services Limited (Registered number: 04959166)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,250
Tangible assets 5 34,815 39,196
34,815 40,446

CURRENT ASSETS
Stocks 145,927 124,984
Debtors 6 111,243 19,804
Cash at bank and in hand 28,542 15,486
285,712 160,274
CREDITORS
Amounts falling due within one year 7 173,629 49,609
NET CURRENT ASSETS 112,083 110,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,898

151,111

CREDITORS
Amounts falling due after more than one
year

8

(15,311

)

(25,788

)

PROVISIONS FOR LIABILITIES (6,615 ) (6,677 )
NET ASSETS 124,972 118,646

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 64,972 58,646
SHAREHOLDERS' FUNDS 124,972 118,646

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

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

Gardner Engineering Services Limited (Registered number: 04959166)

Balance Sheet - continued
30 November 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 by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:




Mr P N Coy - Director Mrs S L Coy - Director




Mr S P Coy - Director


Gardner Engineering Services Limited (Registered number: 04959166)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Gardner Engineering Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Gardner Engineering Services Limited (Registered number: 04959166)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 25,000
AMORTISATION
At 1 December 2022 23,750
Charge for year 1,250
At 30 November 2023 25,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 1,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 84,502
Additions 4,390
At 30 November 2023 88,892
DEPRECIATION
At 1 December 2022 45,306
Charge for year 8,771
At 30 November 2023 54,077
NET BOOK VALUE
At 30 November 2023 34,815
At 30 November 2022 39,196

Gardner Engineering Services Limited (Registered number: 04959166)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 102,973 13,654
Other debtors 8,270 6,150
111,243 19,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,238 9,762
Hire purchase contracts - 1,174
Trade creditors 24,586 32,233
Taxation and social security 21,827 2,650
Other creditors 116,978 3,790
173,629 49,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,311 25,788

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr P N Coy and Mrs S L Coy
Balance outstanding at start of year 227 376
Amounts advanced 400 41,414
Amounts repaid (27,336 ) (41,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,709 ) 227

Mr S P Coy
Balance outstanding at start of year - -
Amounts advanced 23,536 -
Amounts repaid (22,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,536 -