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REGISTERED NUMBER: 07355981 (England and Wales)















GABLESTOCK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GABLESTOCK LIMITED (REGISTERED NUMBER: 07355981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


GABLESTOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G E Fearn
J E Fearn



REGISTERED OFFICE: Priory Farm
75 Church Street
Long Bennington
Newark
Nottinghamshire
NG23 5ES



REGISTERED NUMBER: 07355981 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Lloyds Bank plc
37 Castlegate
Newark
Nottinghamshire
NG24 1BD

GABLESTOCK LIMITED (REGISTERED NUMBER: 07355981)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278,261 335,769

CURRENT ASSETS
Stocks 504,207 640,298
Debtors 5 550,373 515,024
Cash at bank and in hand 1,792,632 2,187,943
2,847,212 3,343,265
CREDITORS
Amounts falling due within one year 6 337,773 1,225,444
NET CURRENT ASSETS 2,509,439 2,117,821
TOTAL ASSETS LESS CURRENT LIABILITIES 2,787,700 2,453,590

PROVISIONS FOR LIABILITIES 69,566 83,942
NET ASSETS 2,718,134 2,369,648

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,718,034 2,369,548
SHAREHOLDERS' FUNDS 2,718,134 2,369,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 24 September 2024 and were signed on its behalf by:





G E Fearn - Director


GABLESTOCK LIMITED (REGISTERED NUMBER: 07355981)

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

1. STATUTORY INFORMATION

Gablestock 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 represents the fair value of consideration received for net invoiced sales of animal feedstuffs and supplies, excluding value added tax.

Sales are recognised when dispatched or collected.

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 cost and 25% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and fair value less costs to sell, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GABLESTOCK LIMITED (REGISTERED NUMBER: 07355981)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 950,166
Additions 39,251
Disposals (14,918 )
At 30 April 2024 974,499
DEPRECIATION
At 1 May 2023 614,397
Charge for year 93,443
Eliminated on disposal (11,602 )
At 30 April 2024 696,238
NET BOOK VALUE
At 30 April 2024 278,261
At 30 April 2023 335,769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 369,044 421,125
Amounts owed from related
parties 108,618 -
Other debtors 27,046 45,882
Prepayments and accrued income 45,665 48,017
550,373 515,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 159,685 183,500
Tax 130,676 78,170
Social security and other taxes 4,416 4,416
Other creditors 32,000 32,000
Amounts owed to related parties 4,402 908,062
Accrued expenses 6,594 19,296
337,773 1,225,444

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100