Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-0112falseNo description of principal activity14falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07223152 2023-05-01 2024-04-30 07223152 2022-05-01 2023-04-30 07223152 2024-04-30 07223152 2023-04-30 07223152 c:Director1 2023-05-01 2024-04-30 07223152 d:Buildings 2023-05-01 2024-04-30 07223152 d:Buildings 2024-04-30 07223152 d:Buildings 2023-04-30 07223152 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07223152 d:Buildings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 07223152 d:PlantMachinery 2023-05-01 2024-04-30 07223152 d:PlantMachinery 2024-04-30 07223152 d:PlantMachinery 2023-04-30 07223152 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07223152 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 07223152 d:MotorVehicles 2023-05-01 2024-04-30 07223152 d:MotorVehicles 2024-04-30 07223152 d:MotorVehicles 2023-04-30 07223152 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07223152 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 07223152 d:OfficeEquipment 2023-05-01 2024-04-30 07223152 d:OfficeEquipment 2024-04-30 07223152 d:OfficeEquipment 2023-04-30 07223152 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07223152 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 07223152 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07223152 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 07223152 d:CurrentFinancialInstruments 2024-04-30 07223152 d:CurrentFinancialInstruments 2023-04-30 07223152 d:Non-currentFinancialInstruments 2024-04-30 07223152 d:Non-currentFinancialInstruments 2023-04-30 07223152 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07223152 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07223152 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07223152 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07223152 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 07223152 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07223152 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 07223152 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 07223152 d:ShareCapital 2024-04-30 07223152 d:ShareCapital 2023-04-30 07223152 d:SharePremium 2024-04-30 07223152 d:SharePremium 2023-04-30 07223152 d:RetainedEarningsAccumulatedLosses 2024-04-30 07223152 d:RetainedEarningsAccumulatedLosses 2023-04-30 07223152 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 07223152 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 07223152 c:OrdinaryShareClass1 2023-05-01 2024-04-30 07223152 c:OrdinaryShareClass1 2024-04-30 07223152 c:OrdinaryShareClass1 2023-04-30 07223152 c:OrdinaryShareClass2 2023-05-01 2024-04-30 07223152 c:OrdinaryShareClass2 2024-04-30 07223152 c:OrdinaryShareClass2 2023-04-30 07223152 c:OrdinaryShareClass3 2023-05-01 2024-04-30 07223152 c:OrdinaryShareClass3 2024-04-30 07223152 c:OrdinaryShareClass3 2023-04-30 07223152 c:FRS102 2023-05-01 2024-04-30 07223152 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07223152 c:FullAccounts 2023-05-01 2024-04-30 07223152 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07223152 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 07223152 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 07223152 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 07223152 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 07223152 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07223152 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07223152 2 2023-05-01 2024-04-30 07223152 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 07223152 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 07223152 d:LeasedAssetsHeldAsLessee 2024-04-30 07223152 d:LeasedAssetsHeldAsLessee 2023-04-30 07223152 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07223152














GARDINER DISTRIBUTION LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
GARDINER DISTRIBUTION LIMITED
REGISTERED NUMBER:07223152

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
175,975
143,019

Current assets
  

Stocks
  
282,304
387,186

Debtors: amounts falling due within one year
 5 
1,260,788
937,181

Cash at bank and in hand
  
60,757
102,070

  
1,603,849
1,426,437

Creditors: amounts falling due within one year
 6 
(1,268,722)
(1,071,709)

Net current assets
  
 
 
335,127
 
 
354,728

Total assets less current liabilities
  
511,102
497,747

Creditors: amounts falling due after more than one year
 7 
(99,565)
(166,025)

Provisions for liabilities
  

Deferred tax
 11 
(39,554)
(31,031)

  
 
 
(39,554)
 
 
(31,031)

Net assets
  
£371,983
£300,691


Capital and reserves
  

Called up share capital 
 12 
1,352
1,352

Share premium account
  
207,648
207,648

Profit and loss account
  
162,983
91,691

  
£371,983
£300,691


Page 1

 
GARDINER DISTRIBUTION LIMITED
REGISTERED NUMBER:07223152

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




___________________________
Mr J Gardiner
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GARDINER DISTRIBUTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Gardiner Distribution Limited is a private company limited by shares incorporated in England and Wales.
The registered company number is 07223152.
The registered office address of the company is Unit 8, Great Tong Farm, Headcorn, Ashford, Kent, TN27 9PP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in UK Sterling pounds (£) and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GARDINER DISTRIBUTION LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
GARDINER DISTRIBUTION LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Showroom
-
20%
straight line basis
Plant and machinery
-
25%
straight line basis
Motor vehicles
-
17%
straight line basis
Office equipment
-
20%
straight line basis

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
GARDINER DISTRIBUTION LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
GARDINER DISTRIBUTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 12).


4.


Tangible fixed assets





Showroom
Plant and machinery
Motor vehicles
Office equipment
Total



Cost or valuation


At 1 May 2023
81,857
5,980
135,494
34,957
258,288


Additions
73,346
-
-
3,715
77,061



At 30 April 2024

155,203
5,980
135,494
38,672
335,349



Depreciation


At 1 May 2023
34,591
5,980
42,453
32,245
115,269


Charge for the year on owned assets
19,852
-
8,658
1,668
30,178


Charge for the year on financed assets
-
-
13,927
-
13,927



At 30 April 2024

54,443
5,980
65,038
33,913
159,374



Net book value



At 30 April 2024
£100,760
£-
£70,456
£4,759
£175,975



At 30 April 2023
£47,266
£-
£93,041
£2,712
£143,019

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023



Motor vehicles
53,993
67,918

£53,993
£67,918

Page 7

 
GARDINER DISTRIBUTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023


Trade debtors
1,131,811
771,543

Other debtors
128,477
143,042

Prepayments and accrued income
500
22,596

£1,260,788
£937,181



6.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
50,000
50,000

Payments received on account
10,493
116,386

Trade creditors
598,268
337,286

Corporation tax
16,207
19,238

Other taxation and social security
27,539
46,198

Obligations under finance lease and hire purchase contracts
16,391
18,527

Other creditors
476,311
318,257

Accruals and deferred income
73,513
165,817

£1,268,722
£1,071,709


Finance leases and hire purchase contracts are secured on the assets concerned.


7.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
79,167
129,168

Net obligations under finance leases and hire purchase contracts
20,398
36,857

£99,565
£166,025


Finance leases and hire purchase contracts are secured on the assets concerned.

Page 8

 
GARDINER DISTRIBUTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
50,000
50,000

Amounts falling due 1-2 years

Bank loans
50,000
50,000

Amounts falling due 2-5 years

Bank loans
29,167
79,167


£129,167
£179,167



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023


Within one year
16,391
18,528

Between 1-5 years
20,398
36,857

£36,789
£55,385


10.


Financial instruments

2024
2023

Financial assets


Financial assets measured at fair value through profit or loss
£60,757
£102,070




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.
Page 9

 
GARDINER DISTRIBUTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024





At beginning of year
31,031


Charged to profit or loss
8,523



At end of year
£39,554

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£39,554
£31,031


12.


Share capital

2024
2023
Allotted, called up and fully paid



650 (2023 - 650) A Ordinary shares of £1.00 each
650
650
350 (2023 - 350) B Ordinary shares of £1.00 each
350
350
352 (2023 - 352) C Ordinary shares of £1.00 each
352
352

£1,352

£1,352



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,777 (2023 - £4,927). Contributions totalling £1,343 (2023 - £2,360) were payable to the fund at the balance sheet date and are included in creditors.

Page 10