Company registration number 12564508 (England and Wales)
Hollins Gatley Limited
Unaudited financial statements
For the year ended 30 April 2024
Hollins Gatley Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Hollins Gatley Limited
Balance sheet
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
692,886
597,372
Debtors
3
123,449
546,026
Cash at bank and in hand
23,171
-
0
839,506
1,143,398
Creditors: amounts falling due within one year
4
(852,538)
(1,150,758)
Net current liabilities
(13,032)
(7,360)
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
(14,032)
(8,360)
Total equity
(13,032)
(7,360)

For the financial year ended 30 April 2024 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 January 2025 and are signed on its behalf by:
Mr S L Goodman
Director
Company registration number 12564508 (England and Wales)
Hollins Gatley Limited
Notes to the financial statements
For the year ended 30 April 2024
- 2 -
1
Accounting policies
Company information

Hollins Gatley Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Stocks

Stocks are stated at the lower of cost net realisable value.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
Hollins Gatley Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
123,449
546,026
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other borrowings
755,500
672,500
Trade creditors
1,440
384,848
Other creditors
6,010
6,010
Accruals and deferred income
89,588
87,400
852,538
1,150,758
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
A ordinary shares of £1 each
250
250
250
250
B ordinary shares of £1 each
500
500
500
500
C ordinary shares of £1 each
250
250
250
250
1,000
1,000
1,000
1,000

At the period end the B ordinary share capital remained unpaid.

Hollins Gatley Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 4 -
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2024
2023
£
£
Entities with common control
33,613
148,026
2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
377,750
336,250
Entities with common control
6,010
390,858
Other related parties
377,750
336,250

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with common control
61,088
481,860
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