Company Registration No. 08457603 (England and Wales)
JDW Gambarini Limited
Unaudited accounts
for the year ended 31 March 2024
JDW Gambarini Limited
Unaudited accounts
Contents
JDW Gambarini Limited
Company Information
for the year ended 31 March 2024
Company Number
08457603 (England and Wales)
Registered Office
74 Taff St
Pontypridd
CF37 4SU
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
JDW Gambarini Limited
Statement of financial position
as at 31 March 2024
Intangible assets
98,624
141,772
Tangible assets
340,429
375,979
Cash at bank and in hand
263,810
227,125
Creditors: amounts falling due within one year
(86,200)
(87,322)
Net current assets
571,673
511,582
Total assets less current liabilities
1,010,726
1,029,333
Creditors: amounts falling due after more than one year
(34,259)
(39,815)
Net assets
976,467
989,518
Called up share capital
100
100
Profit and loss account
976,367
989,418
Shareholders' funds
976,467
989,518
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
W D Gambarini
Director
Company Registration No. 08457603
JDW Gambarini Limited
Notes to the Accounts
for the year ended 31 March 2024
JDW Gambarini Limited is a private company, limited by shares, registered in England and Wales, registration number 08457603. The registered office is 74 Taff St, Pontypridd, CF37 4SU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
SL over 20 years
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
JDW Gambarini Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
Charge for the year
43,148
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
263,818
206,172
28,314
4,192
502,496
Additions
-
2,570
-
-
2,570
At 31 March 2024
263,818
208,742
28,314
4,192
505,066
At 1 April 2023
39,605
71,965
11,147
3,800
126,517
Charge for the year
13,191
20,515
4,316
98
38,120
At 31 March 2024
52,796
92,480
15,463
3,898
164,637
At 31 March 2024
211,022
116,262
12,851
294
340,429
At 31 March 2023
224,213
134,207
17,167
392
375,979
Amounts falling due within one year
Amounts due from group undertakings etc.
381,338
364,079
Accrued income and prepayments
8,025
3,000
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,117
28,060
Taxes and social security
38,017
46,253
JDW Gambarini Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Transactions with related parties
Debtors include £364,079 due from Joe Gambarini Ltd a company for which Mr W D Gambarini is a director.
10
Average number of employees
During the year the average number of employees was 59 (2023: 55).