Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true2023-03-01falseNo description of principal activity66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09984608 2023-03-01 2024-02-29 09984608 2022-03-01 2023-02-28 09984608 2024-02-29 09984608 2023-02-28 09984608 c:Director1 2023-03-01 2024-02-29 09984608 d:PlantMachinery 2023-03-01 2024-02-29 09984608 d:PlantMachinery 2024-02-29 09984608 d:PlantMachinery 2023-02-28 09984608 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09984608 d:OfficeEquipment 2023-03-01 2024-02-29 09984608 d:OfficeEquipment 2024-02-29 09984608 d:OfficeEquipment 2023-02-28 09984608 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09984608 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09984608 d:CurrentFinancialInstruments 2024-02-29 09984608 d:CurrentFinancialInstruments 2023-02-28 09984608 d:Non-currentFinancialInstruments 2024-02-29 09984608 d:Non-currentFinancialInstruments 2023-02-28 09984608 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09984608 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09984608 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 09984608 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09984608 d:ShareCapital 2024-02-29 09984608 d:ShareCapital 2023-02-28 09984608 d:RetainedEarningsAccumulatedLosses 2024-02-29 09984608 d:RetainedEarningsAccumulatedLosses 2023-02-28 09984608 c:FRS102 2023-03-01 2024-02-29 09984608 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09984608 c:FullAccounts 2023-03-01 2024-02-29 09984608 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09984608 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 09984608







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


GYMBO'S SAWSTON LTD






































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GYMBO'S SAWSTON LTD
REGISTERED NUMBER:09984608



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,515
2,280

  
1,515
2,280

Current assets
  

Debtors: amounts falling due within one year
 5 
12,154
14,048

Cash at bank and in hand
  
63,759
62,967

  
75,913
77,015

Creditors: amounts falling due within one year
 6 
(41,306)
(35,136)

Net current assets
  
 
 
34,607
 
 
41,879

Total assets less current liabilities
  
36,122
44,159

Creditors: amounts falling due after more than one year
  
(29,629)
(35,185)

Provisions for liabilities
  

Deferred tax
  
(379)
(559)

  
 
 
(379)
 
 
(559)

Net assets
  
6,114
8,415


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,014
8,315

  
6,114
8,415


Page 1

 


GYMBO'S SAWSTON LTD
REGISTERED NUMBER:09984608


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider 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 directors acknowledge their 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 by: 




................................................
J S P Rivers
Director

Date: 29 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


GYMBO'S SAWSTON LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Gymbo's Sawston Ltd 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

 
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 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:

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

 


GYMBO'S SAWSTON LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

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 reporting 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 reporting 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 reporting date.

 
2.4

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:

Plant and machinery
-
20%
Office equipment
-
20%

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.

 
2.5

Financial instruments

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

Page 4

 


GYMBO'S SAWSTON LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets







Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
68,407
59,559
127,966



At 29 February 2024

68,407
59,559
127,966



Depreciation


At 1 March 2023
66,614
59,072
125,686


Charge for the year on owned assets
439
326
765



At 29 February 2024

67,053
59,398
126,451



Net book value



At 29 February 2024
1,354
161
1,515



At 28 February 2023
1,793
487
2,280


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
12,154
14,048

12,154
14,048


Page 5

 


GYMBO'S SAWSTON LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
5,556
5,556

Trade creditors
-
359

Corporation tax
536
118

Other taxation and social security
11,021
9,751

Other creditors
22,493
16,202

Accruals and deferred income
1,700
3,150

41,306
35,136



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
29,629
35,185

29,629
35,185



8.


Related party transactions

At the balance sheet date the company owed £14,032 (2023: £10,032) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 6