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REGISTERED NUMBER: 03902437 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GOULDING & RABBETTS LIMITED
TRADING AS
CHEZ GERRARD HAIR & BEAUTY

GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

GOULDING & RABBETTS LIMITED
TRADING AS CHEZ GERRARD HAIR & BEAUTY

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs H Gerrard





SECRETARY: Ms A Rabbetts





REGISTERED OFFICE: 148 Commercial Road
Totton
Southampton
SO40 3AA





REGISTERED NUMBER: 03902437 (England and Wales)





ACCOUNTANTS: R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA

GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 344,844 343,248

CURRENT ASSETS
Stocks 5 4,750 4,385
Debtors 6 6,995 5,487
Cash at bank and in hand 12,047 7,189
23,792 17,061
CREDITORS
Amounts falling due within one year 7 113,602 119,237
NET CURRENT LIABILITIES (89,810 ) (102,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,034

241,072

CREDITORS
Amounts falling due after more than one year 8 (46,384 ) (59,836 )

PROVISIONS FOR LIABILITIES 10 (510 ) (683 )
NET ASSETS 208,140 180,553

CAPITAL AND RESERVES
Called up share capital 11 8 8
Retained earnings 12 208,132 180,545
SHAREHOLDERS' FUNDS 208,140 180,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY

BALANCE SHEET - continued
31 JANUARY 2024


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 7 October 2024 and were signed by:





Mrs H Gerrard - Director


GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Goulding & Rabbetts 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 value of services supplied to customers during the year, excluding value added tax. Turnover is recognised when the services have been performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 8 ) .

GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 339,491 19,446 5,645 364,582
Additions 2,535 - - 2,535
At 31 January 2024 342,026 19,446 5,645 367,117
DEPRECIATION
At 1 February 2023 - 16,160 5,174 21,334
Charge for year - 821 118 939
At 31 January 2024 - 16,981 5,292 22,273
NET BOOK VALUE
At 31 January 2024 342,026 2,465 353 344,844
At 31 January 2023 339,491 3,286 471 343,248

The bank have a first legal charge over the Freehold Property and a debenture.

5. STOCKS
2024 2023
£    £   
Stocks 4,750 4,385

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,782 5,150
Prepayments and accrued income 213 337
6,995 5,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 22,211 19,457
Trade creditors 1,225 868
Tax 10,123 11,930
Social security and other taxes 57 688
VAT 10,164 9,988
Other creditors 7,091 7,335
Directors' current accounts 62,731 68,971
113,602 119,237

GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 46,384 59,836

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,206

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,171 2,393
Bank loans 19,040 17,064
22,211 19,457

Amounts falling due between one and two years:
Bank loans - 1-2 years 19,040 17,064

Amounts falling due between two and five years:
Bank loans - 2-5 years 27,344 40,566

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,206

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 510 683

Deferred
tax
£   
Balance at 1 February 2023 683
Decrease in provision (173 )
Balance at 31 January 2024 510

GOULDING & RABBETTS LIMITED (REGISTERED NUMBER: 03902437)
TRADING AS CHEZ GERRARD HAIR & BEAUTY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary £1 8 8

12. RESERVES
Retained
earnings
£   

At 1 February 2023 180,544
Profit for the year 27,588
At 31 January 2024 208,132

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GOULDING & RABBETTS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Goulding & Rabbetts Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Goulding & Rabbetts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Goulding & Rabbetts Limited and state those matters that we have agreed to state to the director of Goulding & Rabbetts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goulding & Rabbetts Limited and its director for our work or for this report.

It is your duty to ensure that Goulding & Rabbetts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Goulding & Rabbetts Limited. You consider that Goulding & Rabbetts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Goulding & Rabbetts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA


7 October 2024