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REGISTERED NUMBER: 05104683 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

Bristol Gas Supplies Limited

Bristol Gas Supplies Limited (Registered number: 05104683)

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


Bristol Gas Supplies Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S T Hignell
J S D Hignell
A Hignell





SECRETARY: Mrs K Hignell





REGISTERED OFFICE: Bristol Gas Supplies Ltd Victoria Road
St. Philips
Bristol
BS2 0UT





REGISTERED NUMBER: 05104683 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Bristol Gas Supplies Limited (Registered number: 05104683)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,177 3,266
Tangible assets 5 821,072 802,606
823,249 805,872

CURRENT ASSETS
Stocks 188,777 84,422
Debtors 6 338,522 307,713
Cash at bank and in hand 404,357 254,417
931,656 646,552
CREDITORS
Amounts falling due within one year 7 866,730 746,322
NET CURRENT ASSETS/(LIABILITIES) 64,926 (99,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,175

706,102

CREDITORS
Amounts falling due after more than
one year

8

(207,456

)

(236,702

)

PROVISIONS FOR LIABILITIES (71,802 ) (65,265 )
NET ASSETS 608,917 404,135

Bristol Gas Supplies Limited (Registered number: 05104683)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 608,817 404,035
608,917 404,135

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




S T Hignell - Director J S D Hignell - Director




A Hignell - Director


Bristol Gas Supplies Limited (Registered number: 05104683)

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


1. STATUTORY INFORMATION

Bristol Gas Supplies 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.

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.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office 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 Statement of Income and Retained Earnings, 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.


Bristol Gas Supplies Limited (Registered number: 05104683)

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


2. ACCOUNTING POLICIES - continued
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
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 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,000 5,443 13,443
AMORTISATION
At 1 April 2023 8,000 2,177 10,177
Charge for year - 1,089 1,089
At 31 March 2024 8,000 3,266 11,266
NET BOOK VALUE
At 31 March 2024 - 2,177 2,177
At 31 March 2023 - 3,266 3,266

Bristol Gas Supplies Limited (Registered number: 05104683)

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


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 506,320 126,407 495,634 9,071 1,137,432
Additions 7,248 2,397 122,563 1,088 133,296
At 31 March 2024 513,568 128,804 618,197 10,159 1,270,728
DEPRECIATION
At 1 April 2023 37,160 57,419 233,995 6,252 334,826
Charge for year 11,478 17,696 84,739 917 114,830
At 31 March 2024 48,638 75,115 318,734 7,169 449,656
NET BOOK VALUE
At 31 March 2024 464,930 53,689 299,463 2,990 821,072
At 31 March 2023 469,160 68,988 261,639 2,819 802,606

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 183,485 155,711
Other debtors 155,037 152,002
338,522 307,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,752 28,218
Trade creditors 610,412 516,964
Taxation and social security 80,460 28,629
Other creditors 146,106 172,511
866,730 746,322

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 207,456 236,702

Bristol Gas Supplies Limited (Registered number: 05104683)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,159 96,571