GOTCH OF SELBY LIMITED

Company Registration Number:
01990922 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

GOTCH OF SELBY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

GOTCH OF SELBY LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 13,102 18,382
Total fixed assets: 13,102 18,382
Current assets
Stocks: 176,483 179,457
Debtors:   24,972 17,913
Cash at bank and in hand: 83,173 68,468
Investments:   48,812 45,179
Total current assets: 333,440 311,017
Creditors: amounts falling due within one year:   (95,350) (84,474)
Net current assets (liabilities): 238,090 226,543
Total assets less current liabilities: 251,192 244,925
Total net assets (liabilities): 251,192 244,925
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 250,192 243,925
Shareholders funds: 251,192 244,925

The notes form part of these financial statements

GOTCH OF SELBY LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 July 2024
and signed on behalf of the board by:

Name: P J Mosey
Status: Director

The notes form part of these financial statements

GOTCH OF SELBY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life. Fixtures and Fittings 20% Straight Line Motor Vehicles 25% Reducing Balance

Valuation and information policy

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

Investment Investments are included at fair value. Leasing and hire purchase contracts Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets obtained under hire purchase contracts are depreciated over their useful life. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially of the benefits and risks of ownership remains with the lessor are charged against profits on a straight line basis Taxation Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

GOTCH OF SELBY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 15 13

GOTCH OF SELBY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 187,503
At 31 March 2024 187,503
Depreciation
At 01 April 2023 169,121
Charge for year 5,280
At 31 March 2024 174,401
Net book value
At 31 March 2024 13,102
At 31 March 2023 18,382