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REGISTERED NUMBER: 02069605 (England and Wales)












Gauge Developments Group Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Gauge Developments Group Limited (Registered number: 02069605)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Gauge Developments Group Limited

Company Information
for the Year Ended 30 April 2024







Directors: N Smith
Mrs K J Smith
A Smith





Secretary: Mrs K J Smith





Registered office: GDG House
South Street
Ashton-Under-Lyne
Lancashire
OL7 0FW





Registered number: 02069605 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Gauge Developments Group Limited (Registered number: 02069605)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 47,528 49,324
Investments 5 2 2
47,530 49,326

Current assets
Stocks 88,904 73,157
Debtors 6 268,664 199,898
Cash at bank and in hand 24,367 12,716
381,935 285,771
Creditors
Amounts falling due within one year 7 144,825 148,875
Net current assets 237,110 136,896
Total assets less current liabilities 284,640 186,222

Creditors
Amounts falling due after more than one
year

8

10,833

28,833
Net assets 273,807 157,389

Capital and reserves
Called up share capital 100 100
Retained earnings 273,707 157,289
273,807 157,389

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.

Gauge Developments Group Limited (Registered number: 02069605)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





N Smith - Director


Gauge Developments Group Limited (Registered number: 02069605)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Gauge Developments Group 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 is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Alterations to Leasehold Property - 4% straight line
Plant & Machinery - 10% straight line
Motor Vehicles & Equipment - 20% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 13 (2023 - 13 ) .

Gauge Developments Group Limited (Registered number: 02069605)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. Tangible fixed assets
Improvements
to Plant and
property machinery Equipment Totals
£    £    £    £   
Cost
At 1 May 2023 30,591 91,371 35,541 157,503
Additions - 9,950 - 9,950
Disposals - (5,950 ) - (5,950 )
At 30 April 2024 30,591 95,371 35,541 161,503
Depreciation
At 1 May 2023 30,591 42,584 35,004 108,179
Charge for year - 9,109 455 9,564
Eliminated on disposal - (3,768 ) - (3,768 )
At 30 April 2024 30,591 47,925 35,459 113,975
Net book value
At 30 April 2024 - 47,446 82 47,528
At 30 April 2023 - 48,787 537 49,324

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 May 2023
and 30 April 2024 2
Net book value
At 30 April 2024 2
At 30 April 2023 2

6. Debtors: amounts falling due within one year
30.4.24 30.4.23
£    £   
Trade debtors 206,382 187,177
Other debtors 62,282 12,721
268,664 199,898

Gauge Developments Group Limited (Registered number: 02069605)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. Creditors: amounts falling due within one year
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 74,087 72,010
Taxation and social security 24,127 30,440
Other creditors 36,611 36,425
144,825 148,875

8. Creditors: amounts falling due after more than one year
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,833
Other creditors - 8,000
10,833 28,833

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year - 2,750