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REGISTERED NUMBER: 06474695 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GASKIN BROTHERS LIMITED

GASKIN BROTHERS LIMITED (REGISTERED NUMBER: 06474695)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GASKIN BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J J Gaskin
M A Gaskin





SECRETARY: J J Gaskin





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 06474695 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

GASKIN BROTHERS LIMITED (REGISTERED NUMBER: 06474695)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,629 2,084

CURRENT ASSETS
Debtors 5 37,300 10,313
Cash at bank 79,194 25,373
116,494 35,686
CREDITORS
Amounts falling due within one year 6 60,219 19,233
NET CURRENT ASSETS 56,275 16,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,904

18,537

PROVISIONS FOR LIABILITIES 5,907 396
NET ASSETS 73,997 18,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,897 18,041
SHAREHOLDERS' FUNDS 73,997 18,141

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:



J J Gaskin - Director


GASKIN BROTHERS LIMITED (REGISTERED NUMBER: 06474695)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gaskin Brothers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on cost
Equipment - 25% on cost
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

GASKIN BROTHERS LIMITED (REGISTERED NUMBER: 06474695)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 52,612 5,532 28,185 86,329
Additions - 629 24,250 24,879
At 31 March 2024 52,612 6,161 52,435 111,208
DEPRECIATION
At 1 April 2023 50,737 5,323 28,185 84,245
Charge for year 625 183 2,526 3,334
At 31 March 2024 51,362 5,506 30,711 87,579
NET BOOK VALUE
At 31 March 2024 1,250 655 21,724 23,629
At 31 March 2023 1,875 209 - 2,084

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,300 10,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,713 1,720
Taxation and social security 53,666 15,182
Other creditors 4,840 2,331
60,219 19,233

7. RELATED PARTY DISCLOSURES

The controlling parties are J Gaskin and M Gaskin by virtue of their 100% ownership of the issued share capital.