Company Registration No. 6710672 (England and Wales)
Geerlings Limited
Unaudited accounts
for the year ended 31 December 2023
Geerlings Limited
Unaudited accounts
Contents
Geerlings Limited
Company Information
for the year ended 31 December 2023
Directors
C L T Geerling
Mrs J L Geerling
M P Geerling, Esq
Secretary
CLT Geerling, Esq
Company Number
6710672 (England and Wales)
Registered Office
The Flying Dutchman
Corn Square
Leominster
Herefordshire
HR6 8LX
England
Geerlings Limited
Statement of financial position
as at 31 December 2023
Tangible assets
38,374
43,664
Cash at bank and in hand
18,057
15,826
Creditors: amounts falling due within one year
(52,347)
(49,005)
Net current liabilities
(16,875)
(11,042)
Total assets less current liabilities
21,499
32,622
Creditors: amounts falling due after more than one year
(14,167)
(24,167)
Provisions for liabilities
Deferred tax
(6,693)
(7,567)
Called up share capital
3
3
Profit and loss account
636
885
Shareholders' funds
639
888
For the year ending 31 December 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
C L T Geerling
Director
Company Registration No. 6710672
Geerlings Limited
Notes to the Accounts
for the year ended 31 December 2023
Geerlings Limited is a private company, limited by shares, registered in England and Wales, registration number 6710672. The registered office is The Flying Dutchman, Corn Square, Leominster, Herefordshire, HR6 8LX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line Basis
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
20% Reducing Balance Basis
Computer equipment
20% Reducing Balance Basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
40,928
96,153
46,330
12,657
196,068
Additions
-
1,674
-
-
1,674
At 31 December 2023
40,928
97,827
46,330
12,657
197,742
At 1 January 2023
40,928
64,767
36,988
9,721
152,404
Charge for the year
-
4,975
1,402
587
6,964
At 31 December 2023
40,928
69,742
38,390
10,308
159,368
At 31 December 2023
-
28,085
7,940
2,349
38,374
At 31 December 2022
-
31,386
9,342
2,936
43,664
Geerlings Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
3,062
7,177
Other debtors
11,853
12,460
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
12,448
7,690
Taxes and social security
26,369
27,846
7
Creditors: amounts falling due after more than one year
2023
2022
8
Deferred taxation
2023
2022
Accelerated capital allowances
6,693
7,567
Provision at start of year
7,567
8,053
Credited to the profit and loss account
(874)
(486)
Provision at end of year
6,693
7,567
9
Transactions with related parties
Included in Creditors - Amounts falling due within one year is an amount of £3,120 (2022: £2,999) due to a Director and Shareholder, Mr CLT Geerling, in respect of his loan account.
Included in Creditors - Amounts falling due within one year is an amount of £3,121 (2022: £2,999) due to a Director and Shareholder, Mrs JL Geerling, in respect of her loan account.
Included in Creditors - Amounts falling due within one year is an amount of £5,612 (2022: £6,462) due from a Director and Shareholder, Mr MP Geerling, in respect of his loan account.
The Company is under the control of CLT Geerling Esq, Mrs J L Geerling and MP Geerling Esq, who together own 100% of the issued share capital.
Geerlings Limited
Notes to the Accounts
for the year ended 31 December 2023
11
Average number of employees
During the year the average number of employees was 21 (2022: 21).