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REGISTERED NUMBER: 12140372 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Gloucester Fight Factory Limited

Gloucester Fight Factory Limited (Registered number: 12140372)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Gloucester Fight Factory Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: J Pitman





SECRETARY:





REGISTERED OFFICE: 24 Evenlode Road
Tuffley
Gloucester
GL4 0JT





REGISTERED NUMBER: 12140372 (England and Wales)





ACCOUNTANTS: Monest Accounts Limited
Pure Offices, Kestrel Court
Waterwells Drive, Quedgeley
Gloucester
Gloucestershire
GL2 2AT

Gloucester Fight Factory Limited (Registered number: 12140372)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,876 4,845
Tangible assets 5 11,360 13,208
15,236 18,053

CURRENT ASSETS
Stocks 3,495 -
Cash at bank 2,766 1,789
6,261 1,789
CREDITORS
Amounts falling due within one year 6 1,267 1,739
NET CURRENT ASSETS 4,994 50
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,230

18,103

CREDITORS
Amounts falling due after more than one
year

7

19,183

11,528
NET ASSETS 1,047 6,575

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 947 6,475
SHAREHOLDERS' FUNDS 1,047 6,575

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Gloucester Fight Factory Limited (Registered number: 12140372)

Statement of Financial Position - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2025 and were signed by:





J Pitman - Director


Gloucester Fight Factory Limited (Registered number: 12140372)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Gloucester Fight Factory 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 and 20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Gloucester Fight Factory Limited (Registered number: 12140372)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 12,000
AMORTISATION
At 1 September 2023 7,155
Charge for year 969
At 31 August 2024 8,124
NET BOOK VALUE
At 31 August 2024 3,876
At 31 August 2023 4,845

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 31,500
Additions 1,199
At 31 August 2024 32,699
DEPRECIATION
At 1 September 2023 18,292
Charge for year 3,047
At 31 August 2024 21,339
NET BOOK VALUE
At 31 August 2024 11,360
At 31 August 2023 13,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors (1 ) -
Taxation and social security 1,268 1,739
1,267 1,739

Gloucester Fight Factory Limited (Registered number: 12140372)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 19,183 11,528