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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
Page
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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
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Gerald Culliford Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,880 
35,176 
Investments
1,301,848 
1,334,408 
1,342,728 
1,369,584 
Current assets
Inventories
2,460,598 
2,416,804 
Debtors
837,603 
959,045 
Cash at bank and in hand
1,317,049 
1,028,119 
4,615,250 
4,403,968 
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 
Capital and reserves
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
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Gerald Culliford Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
Foreign exchange
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.
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Gerald Culliford Limited Notes to the Accounts for the year ended 30 April 2024
Pension costs
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
Investments in shares are included at fair value.
4
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 
Depreciation
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 
Net book value
At 30 April 2024
1 
36,088 
4,791 
40,880 
At 30 April 2023
1 
29,184 
5,991 
35,176 
5
Investments
Other investments 
£ 
Valuation at 1 May 2023
1,334,408 
Additions
1,640 
Fair value adjustments
(20,213)
Disposals
(13,987)
Valuation at 30 April 2024
1,301,848 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
793,243 
915,135 
Accrued income and prepayments
44,260 
43,810 
Other debtors
100 
100 
837,603 
959,045 
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Gerald Culliford Limited Notes to the Accounts for the year ended 30 April 2024
7
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 
Accruals
353,750 
296,400 
1,628,719 
1,487,913 
8
Average number of employees
During the year the average number of employees was 16 (2023: 16).
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