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REGISTERED NUMBER: 04860031 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gamart Engineering Limited

Gamart Engineering Limited (Registered number: 04860031)






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


Gamart Engineering Limited

Company Information
for the Year Ended 31 December 2023







Director: G J Frost





Registered office: Fremnells
Hawkswood Road
Downham
Billericay
Essex
CM11 1JT





Registered number: 04860031 (England and Wales)





Accountants: MB Accounting Solutions Limted
Unit 11 Little Hyde Farm
Little Hyde Lane
Ingatestone
Essex
CM4 0DU

Gamart Engineering Limited (Registered number: 04860031)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,154,546 1,156,074

CURRENT ASSETS
Stocks 66,808 52,383
Debtors 5 204,987 250,314
Cash at bank and in hand 1,095,778 1,074,890
1,367,573 1,377,587
CREDITORS
Amounts falling due within one year 6 143,080 178,621
NET CURRENT ASSETS 1,224,493 1,198,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,379,039

2,355,040

PROVISIONS FOR LIABILITIES 35,609 35,698
NET ASSETS 2,343,430 2,319,342

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 698,184 698,184
Retained earnings 1,644,246 1,620,158
SHAREHOLDERS' FUNDS 2,343,430 2,319,342

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 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.

Gamart Engineering Limited (Registered number: 04860031)

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 director and authorised for issue on 21 August 2024 and were signed by:





G J Frost - Director


Gamart Engineering Limited (Registered number: 04860031)

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

1. STATUTORY INFORMATION

Gamart Engineering 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% 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.

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 (2022 - 14 ) .

Gamart Engineering Limited (Registered number: 04860031)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2023 1,000,650 459,605 1,460,255
Additions - 71,314 71,314
Disposals - (49,663 ) (49,663 )
At 31 December 2023 1,000,650 481,256 1,481,906
Depreciation
At 1 January 2023 56,813 247,368 304,181
Charge for year 9,438 51,997 61,435
Eliminated on disposal - (38,256 ) (38,256 )
At 31 December 2023 66,251 261,109 327,360
Net book value
At 31 December 2023 934,399 220,147 1,154,546
At 31 December 2022 943,837 212,237 1,156,074

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 177,902 225,515
Other debtors 27,085 24,799
204,987 250,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 82,899 92,419
Taxation and social security 55,603 80,302
Other creditors 4,578 5,900
143,080 178,621