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REGISTERED NUMBER: 05936567 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Gardner Marine Limited

Gardner Marine Limited (Registered number: 05936567)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Gardner Marine Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: M S Harrison





REGISTERED OFFICE: Unit 4k Sparrows Way
Lakesview Business Park
Hersden
Kent
CT3 4JH





REGISTERED NUMBER: 05936567 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Gardner Marine Limited (Registered number: 05936567)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,066 182,600

CURRENT ASSETS
Stocks 155,768 130,000
Debtors 5 46,087 93,942
Cash at bank and in hand 537,195 523,437
739,050 747,379
CREDITORS
Amounts falling due within one year 6 76,671 108,877
NET CURRENT ASSETS 662,379 638,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

843,445

821,102

CREDITORS
Amounts falling due after more than one
year

7

85,274

101,596
NET ASSETS 758,171 719,506

CAPITAL AND RESERVES
Called up share capital 180 180
Capital redemption reserve 20 20
Retained earnings 757,971 719,306
SHAREHOLDERS' FUNDS 758,171 719,506

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gardner Marine Limited (Registered number: 05936567)

Balance Sheet - continued
30 September 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 2 December 2024 and were signed by:





M S Harrison - Director


Gardner Marine Limited (Registered number: 05936567)

Notes to the Financial Statements
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Gardner Marine 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 discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance, 20% on reducing balance and 10% on cost

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.

Gardner Marine Limited (Registered number: 05936567)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 160,000 172,785 332,785
Additions - 5,455 5,455
At 30 September 2024 160,000 178,240 338,240
DEPRECIATION
At 1 October 2023 - 150,185 150,185
Charge for year - 6,989 6,989
At 30 September 2024 - 157,174 157,174
NET BOOK VALUE
At 30 September 2024 160,000 21,066 181,066
At 30 September 2023 160,000 22,600 182,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,198 90,223
Bike2Work loan scheme - 100
Prepayments 4,889 3,619
46,087 93,942

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,076 9,830
Other loans 6,000 6,000
Trade creditors 42,527 40,918
Tax 15,896 36,494
VAT 1,086 13,238
Company credit card 911 2,397
Accrued expenses 175 -
76,671 108,877

Gardner Marine Limited (Registered number: 05936567)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,274 9,830
Bank loans - 2-5 years - 7,766
Other loans - 1-2 years 6,000 6,000
Other loans - 2-5 years 18,000 18,000
Other loans more 5yrs instal 54,000 60,000
85,274 101,596

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 54,000 60,000

Accountants' Report to the Director
on the Unaudited Financial Statements of
Gardner Marine 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 Gardner Marine Limited for the year ended 30 September 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.

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

It is your duty to ensure that Gardner Marine 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 Gardner Marine Limited. You consider that Gardner Marine 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 Gardner Marine 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.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


3 December 2024