Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Ashley Macdonald 01/09/2020 Christopher James Reeve 24/04/2006 Thomas-Henry Smith 01/09/2020 Mark Thurston 01/09/2020 23 August 2024 The principal activity of the company during the financial year was that of accountancy, taxation and management services. 04746979 2024-04-30 04746979 bus:Director1 2024-04-30 04746979 bus:Director2 2024-04-30 04746979 bus:Director3 2024-04-30 04746979 bus:Director4 2024-04-30 04746979 2023-04-30 04746979 core:CurrentFinancialInstruments 2024-04-30 04746979 core:CurrentFinancialInstruments 2023-04-30 04746979 core:Non-currentFinancialInstruments 2024-04-30 04746979 core:Non-currentFinancialInstruments 2023-04-30 04746979 core:ShareCapital 2024-04-30 04746979 core:ShareCapital 2023-04-30 04746979 core:RetainedEarningsAccumulatedLosses 2024-04-30 04746979 core:RetainedEarningsAccumulatedLosses 2023-04-30 04746979 core:LeaseholdImprovements 2023-04-30 04746979 core:OfficeEquipment 2023-04-30 04746979 core:ComputerEquipment 2023-04-30 04746979 core:LeaseholdImprovements 2024-04-30 04746979 core:OfficeEquipment 2024-04-30 04746979 core:ComputerEquipment 2024-04-30 04746979 bus:OrdinaryShareClass1 2024-04-30 04746979 2023-05-01 2024-04-30 04746979 bus:FilletedAccounts 2023-05-01 2024-04-30 04746979 bus:SmallEntities 2023-05-01 2024-04-30 04746979 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04746979 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04746979 bus:Director1 2023-05-01 2024-04-30 04746979 bus:Director2 2023-05-01 2024-04-30 04746979 bus:Director3 2023-05-01 2024-04-30 04746979 bus:Director4 2023-05-01 2024-04-30 04746979 core:OfficeEquipment 2023-05-01 2024-04-30 04746979 core:ComputerEquipment 2023-05-01 2024-04-30 04746979 2022-05-01 2023-04-30 04746979 core:LeaseholdImprovements 2023-05-01 2024-04-30 04746979 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 04746979 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04746979 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04746979 (England and Wales)

GASCOYNES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

GASCOYNES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

GASCOYNES LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
GASCOYNES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTORS Ashley Macdonald
Christopher James Reeve
Thomas-Henry Smith
Mark Thurston
SECRETARY Deborah Jane Reeve
REGISTERED OFFICE Gascoyne House Moseleys Farm Business Centre
Fornham All Saints
Bury St. Edmunds
IP28 6JY
England
United Kingdom
COMPANY NUMBER 04746979 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
GASCOYNES LIMITED

BALANCE SHEET

As at 30 April 2024
GASCOYNES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 0 516,675
Tangible assets 3 135,554 106,126
135,554 622,801
Current assets
Stocks 500 500
Debtors 4 614,020 427,893
Cash at bank and in hand 43,700 80,273
658,220 508,666
Creditors: amounts falling due within one year 5 ( 518,986) ( 570,242)
Net current assets/(liabilities) 139,234 (61,576)
Total assets less current liabilities 274,788 561,225
Creditors: amounts falling due after more than one year 6 ( 10,000) ( 28,199)
Net assets 264,788 533,026
Capital and reserves
Called-up share capital 7 20,000 20,000
Profit and loss account 244,788 513,026
Total shareholder's funds 264,788 533,026

For the financial 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.

Directors' responsibilities:

The financial statements of Gascoynes Limited (registered number: 04746979) were approved and authorised for issue by the Board of Directors on 23 August 2024. They were signed on its behalf by:

Christopher James Reeve
Director
GASCOYNES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
GASCOYNES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gascoynes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St. Edmunds, IP28 6JY, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements not depreciated
Office equipment 15 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 34 22

3. Tangible assets

Leasehold improve-
ments
Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 May 2023 6,505 87,936 97,425 191,866
Additions 0 25,554 31,982 57,536
At 30 April 2024 6,505 113,490 129,407 249,402
Accumulated depreciation
At 01 May 2023 0 23,672 62,068 85,740
Charge for the financial year 0 13,487 14,621 28,108
At 30 April 2024 0 37,159 76,689 113,848
Net book value
At 30 April 2024 6,505 76,331 52,718 135,554
At 30 April 2023 6,505 64,264 35,357 106,126

4. Debtors

2024 2023
£ £
Trade debtors 509,377 348,261
Other debtors 104,643 79,632
614,020 427,893

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 15,000 10,000
Trade creditors 81,037 55,081
Amounts owed to Group undertakings 125,000 200,000
Taxation and social security 260,103 204,160
Obligations under finance leases and hire purchase contracts 3,360 3,497
Other creditors 34,486 97,504
518,986 570,242

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,000 25,000
Obligations under finance leases and hire purchase contracts 0 3,199
10,000 28,199

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
20,000 A ordinary shares of £ 1.00 each 20,000 20,000

8. Ultimate controlling party

Parent Company:

Gascoynes Holding Company Limited
Gascoyne House, Moseleys Farm Business Centre, Fornham All Saints, Suffolk, IP28 6JY