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REGISTERED NUMBER: 02291725 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GAWLER TAPES AND PLASTICS LIMITED

GAWLER TAPES AND PLASTICS LIMITED (REGISTERED NUMBER: 02291725)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GAWLER TAPES AND PLASTICS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Wall
M Jones





REGISTERED OFFICE: 7 Easter Court, Woodward Avenue
Westerleigh Business Park
Yate
Bristol
Avon
BS37 5YS





REGISTERED NUMBER: 02291725 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

GAWLER TAPES AND PLASTICS LIMITED (REGISTERED NUMBER: 02291725)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198,238 176,264

CURRENT ASSETS
Stocks 577,107 447,921
Debtors 5 907,557 882,155
Cash at bank 300,829 289,675
1,785,493 1,619,751
CREDITORS
Amounts falling due within one year 6 708,474 525,997
NET CURRENT ASSETS 1,077,019 1,093,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,275,257

1,270,018

CREDITORS
Amounts falling due after more than one
year

7

(18,750

)

(43,750

)

PROVISIONS FOR LIABILITIES (36,905 ) (32,676 )
NET ASSETS 1,219,602 1,193,592

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 1,219,002 1,192,992
SHAREHOLDERS' FUNDS 1,219,602 1,193,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GAWLER TAPES AND PLASTICS LIMITED (REGISTERED NUMBER: 02291725)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





M Jones - Director


GAWLER TAPES AND PLASTICS LIMITED (REGISTERED NUMBER: 02291725)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Gawler Tapes and Plastics 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Computer equipment - 20% on cost

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.

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.

GAWLER TAPES AND PLASTICS LIMITED (REGISTERED NUMBER: 02291725)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 503,210 60,630 129,611 693,451
Additions 54,763 27,756 - 82,519
At 31 December 2023 557,973 88,386 129,611 775,970
DEPRECIATION
At 1 January 2023 355,060 37,305 124,822 517,187
Charge for year 50,728 6,385 3,432 60,545
At 31 December 2023 405,788 43,690 128,254 577,732
NET BOOK VALUE
At 31 December 2023 152,185 44,696 1,357 198,238
At 31 December 2022 148,150 23,325 4,789 176,264

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 139,332
DEPRECIATION
At 1 January 2023 60,958
Charge for year 19,594
At 31 December 2023 80,552
NET BOOK VALUE
At 31 December 2023 58,780
At 31 December 2022 78,374

GAWLER TAPES AND PLASTICS LIMITED (REGISTERED NUMBER: 02291725)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 568,618 542,477
Amounts owed by group undertakings 323,510 323,510
Other debtors 500 500
Prepayments and accrued income 14,929 15,668
907,557 882,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 25,000 25,000
Trade creditors 558,125 363,021
Tax 1,873 26,233
Social security and other taxes 77,709 79,124
Accruals and deferred income 45,767 32,619
708,474 525,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 18,750 43,750

8. RELATED PARTY DISCLOSURES

National Seal Systems Limited who own 75% of the issued share capital of the parent company, Hyper Alley Limited, was owed £nil (2022 - £nil) by the company at the year end.

During the year a management charge of £74,318 (2022 - £Nil) was incurred, payable to National Seal Systems Limited, at a commercial rate.

During the year P Bray was paid dividends of £Nil (2022 - £20,863).