2022-12-012023-11-302023-11-30false04049291GARDNER REFRIGERATION 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GARDNER REFRIGERATION LIMITED

Registered Number
04049291
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

GARDNER REFRIGERATION LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

GARDNER, Neville

Company Secretary

GARDNER, Susan Lesley

Registered Address

31 Pendas Walk
Leeds
West Yorkshire
LS15 8HG

Registered Number

04049291 (England and Wales)
GARDNER REFRIGERATION LIMITED
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,2483,912
2,2483,912
Current assets
Stocks42,9753,750
Debtors514,9218,619
Cash at bank and on hand36,98831,595
54,88443,964
Creditors amounts falling due within one year6(41,094)(43,639)
Net current assets (liabilities)13,790325
Total assets less current liabilities16,0384,237
Provisions for liabilities8(427)-
Net assets15,6114,237
Capital and reserves
Called up share capital33
Profit and loss account15,6084,234
Shareholders' funds15,6114,237
The financial statements were approved and authorised for issue by the Director on 22 August 2024, and are signed on its behalf by:
GARDNER, Neville
Director
Registered Company No. 04049291
GARDNER REFRIGERATION LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows: Included within plant & machinery is computer equipment which is depreciated at 33% on a straight line basis.

Reducing balance (%)
Plant and machinery15
Fixtures and fittings25
Vehicles25
Office Equipment33
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 2216,2727,15068924,111
At 30 November 2316,2727,15068924,111
Depreciation and impairment
At 01 December 2213,9165,89239120,199
Charge for year1,275315741,664
At 30 November 2315,1916,20746521,863
Net book value
At 30 November 231,0819432242,248
At 30 November 222,3561,2582983,912
4.Stocks

2023

2022

££
Finished goods2,9753,750
Total2,9753,750
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables14,4455,532
Other debtors4763,087
Total14,9218,619
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables8,31814,434
Bank borrowings and overdrafts-1,500
Taxation and social security5,7142,313
Other creditors27,06225,392
Total41,09443,639
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are unsecured.
7.Creditors: amounts due after one year
Bank borrowings and overdrafts are unsecured.
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)427-
Total427-