Gardiners Reclaimed Building Materials Limited 04123187 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is sale of reclaimed building materials. Digita Accounts Production Advanced 6.30.9574.0 true true 04123187 2023-02-01 2024-01-31 04123187 2024-01-31 04123187 core:CurrentFinancialInstruments 2024-01-31 04123187 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04123187 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 04123187 bus:SmallEntities 2023-02-01 2024-01-31 04123187 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04123187 bus:FilletedAccounts 2023-02-01 2024-01-31 04123187 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04123187 bus:RegisteredOffice 2023-02-01 2024-01-31 04123187 bus:CompanySecretary2 2023-02-01 2024-01-31 04123187 bus:Director2 2023-02-01 2024-01-31 04123187 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04123187 countries:EnglandWales 2023-02-01 2024-01-31 04123187 2022-02-01 2023-01-31 04123187 2023-01-31 04123187 core:CurrentFinancialInstruments 2023-01-31 04123187 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04123187 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 04123187

Gardiners Reclaimed Building Materials Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

Gardiners Reclaimed Building Materials Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Gardiners Reclaimed Building Materials Limited

Company Information

Director

Mr P V Gardiner

Company secretary

Mrs A L Gardiner

Registered office

Grove Road Industrial Estate
Grove Road
Fenton
Stoke-on-Trent
ST4 4LG

Accountants

McIntosh Accountants Limited
263A Werrington Road
Bucknall
Stoke-on-Trent
ST2 9AS

 

Gardiners Reclaimed Building Materials Limited

(Registration number: 04123187)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

110,833

114,857

Current assets

 

Stocks

184,000

185,000

Debtors

4

2,393

41,280

Cash at bank and in hand

 

117

1,504

 

186,510

227,784

Creditors: Amounts falling due within one year

(46,670)

(68,056)

Net current assets

 

139,840

159,728

Total assets less current liabilities

 

250,673

274,585

Creditors: Amounts falling due after more than one year

(70,495)

(83,425)

Provisions for liabilities

(1,791)

(2,300)

Net assets

 

178,387

188,860

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

177,387

187,860

Shareholders' funds

 

178,387

188,860

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 October 2024
 

 

Gardiners Reclaimed Building Materials Limited

(Registration number: 04123187)
Abridged Balance Sheet as at 31 January 2024

.........................................
Mr P V Gardiner
Director

 

Gardiners Reclaimed Building Materials Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Grove Road Industrial Estate
Grove Road
Fenton
Stoke-on-Trent
ST4 4LG

These financial statements were authorised for issue by the director on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Gardiners Reclaimed Building Materials Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 6).

 

Gardiners Reclaimed Building Materials Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.