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REGISTERED NUMBER: 04654226 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Gascare Services (Barwell) Limited

Gascare Services (Barwell) Limited (Registered number: 04654226)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gascare Services (Barwell) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Spratt





REGISTERED OFFICE: 49 High Street
Barwell
Leicestershire
LE9 8DS





REGISTERED NUMBER: 04654226 (England and Wales)





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Gascare Services (Barwell) Limited (Registered number: 04654226)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 195,366 159,569
195,366 159,569

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 6 89,324 115,903
Cash at bank and in hand 142,279 202,001
251,603 337,904
CREDITORS
Amounts falling due within one year 7 181,563 238,634
NET CURRENT ASSETS 70,040 99,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,406

258,839

CREDITORS
Amounts falling due after more than one year 8 (49,773 ) (46,380 )

PROVISIONS FOR LIABILITIES (17,834 ) (15,971 )
NET ASSETS 197,799 196,488

CAPITAL AND RESERVES
Called up share capital 602 602
Retained earnings 197,197 195,886
197,799 196,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Gascare Services (Barwell) Limited (Registered number: 04654226)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 8 July 2024 and were signed by:





J Spratt - Director


Gascare Services (Barwell) Limited (Registered number: 04654226)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Gascare Services (Barwell) 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 2004, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Gascare Services (Barwell) Limited (Registered number: 04654226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023
and 31 March 2024 40,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Gascare Services (Barwell) Limited (Registered number: 04654226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 75,000 1,925 217,769 6,686 301,380
Additions - - 95,915 - 95,915
Disposals - - (19,995 ) - (19,995 )
At 31 March 2024 75,000 1,925 293,689 6,686 377,300
DEPRECIATION
At 1 April 2023 - 1,836 134,359 5,616 141,811
Charge for year - 23 43,561 268 43,852
Eliminated on disposal - - (3,729 ) - (3,729 )
At 31 March 2024 - 1,859 174,191 5,884 181,934
NET BOOK VALUE
At 31 March 2024 75,000 66 119,498 802 195,366
At 31 March 2023 75,000 89 83,410 1,070 159,569

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 48,794
DEPRECIATION
At 1 April 2023
and 31 March 2024 16,935
NET BOOK VALUE
At 31 March 2024 31,859
At 31 March 2023 31,859

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 87,144 113,735
Other debtors 1,880 1,868
89,024 115,603

Gascare Services (Barwell) Limited (Registered number: 04654226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Other debtors 300 300

Aggregate amounts 89,324 115,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 11,486 17,325
Trade creditors 34,292 62,616
Taxation and social security 69,551 63,693
Other creditors 66,234 95,000
181,563 238,634

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 37,037 42,593
Hire purchase contracts 12,736 3,787
49,773 46,380

9. RELATED PARTY DISCLOSURES

During the year, the company rented showroom premises from Mr. J. Spratt (Director). The company paid rent of £8,000 (2023: £8,000) to Mr. J. Spratt, which is considered to be the open market value.