Company Registration No. 02813151 (England and Wales)
Gerald Culliford Limited
Unaudited accounts
for the year ended 30 April 2024
Gerald Culliford Limited
Unaudited accounts
Contents
Gerald Culliford Limited
Company Information
for the year ended 30 April 2024
Directors
SR Sands
OS Webb
JE Semmens
Company Number
02813151 (England and Wales)
Registered Office
52 Lower Marsh Lane
Kingston-upon-Thames
Surrey
KT1 3BJ
Accountants
Keymer Haslam & Co
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
Gerald Culliford Limited
Statement of financial position
as at 30 April 2024
Tangible assets
40,880
35,176
Investments
1,301,848
1,334,408
Inventories
2,460,598
2,416,804
Cash at bank and in hand
1,317,049
1,028,119
Creditors: amounts falling due within one year
(1,628,719)
(1,487,913)
Net current assets
2,986,531
2,916,055
Net assets
4,329,259
4,285,639
Called up share capital
36,000
36,000
Capital redemption reserve
24,000
24,000
Profit and loss account
4,269,259
4,225,639
Shareholders' funds
4,329,259
4,285,639
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
OS Webb
Director
Company Registration No. 02813151
Gerald Culliford Limited
Notes to the Accounts
for the year ended 30 April 2024
Gerald Culliford Limited is a private company, limited by shares, registered in England and Wales, registration number 02813151. The registered office is 52 Lower Marsh Lane, Kingston-upon-Thames, Surrey, KT1 3BJ.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Gerald Culliford Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
Investments in shares are included at fair value.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
58,941
385,242
95,489
539,672
Additions
-
14,200
-
14,200
At 30 April 2024
58,941
399,442
95,489
553,872
At 1 May 2023
58,940
356,058
89,498
504,496
Charge for the year
-
7,296
1,200
8,496
At 30 April 2024
58,940
363,354
90,698
512,992
At 30 April 2024
1
36,088
4,791
40,880
At 30 April 2023
1
29,184
5,991
35,176
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Investments
Other investments
Valuation at 1 May 2023
1,334,408
Fair value adjustments
(20,213)
Valuation at 30 April 2024
1,301,848
Amounts falling due within one year
Trade debtors
793,243
915,135
Accrued income and prepayments
44,260
43,810
Gerald Culliford Limited
Notes to the Accounts
for the year ended 30 April 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
847,796
748,430
Taxes and social security
413,866
429,776
Other creditors
13,307
13,307
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Average number of employees
During the year the average number of employees was 16 (2023: 16).