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REGISTERED NUMBER: 02966079 (England and Wales)















GAUGE FACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






GAUGE FACTORS LIMITED (REGISTERED NUMBER: 02966079)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


GAUGE FACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr G Dawson



SECRETARY: Mrs M E Dawson



REGISTERED OFFICE: Unit 3 Towergate Industrial Park
Colebrook Way, Weyhill Road
Andover
Hampshire
SP10 3BB



REGISTERED NUMBER: 02966079 (England and Wales)



ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR



BANKERS: HSBC plc
28-30 High Street
Andover
Hampshire
SP10 1NU

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GAUGE FACTORS 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 Gauge Factors Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gauge Factors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gauge Factors Limited and state those matters that we have agreed to state to the director of Gauge Factors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gauge Factors Limited and its director for our work or for this report.

It is your duty to ensure that Gauge Factors 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 Gauge Factors Limited. You consider that Gauge Factors 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 Gauge Factors 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.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


19 February 2025

GAUGE FACTORS LIMITED (REGISTERED NUMBER: 02966079)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 25,414 27,186

CURRENT ASSETS
Debtors 5 91,269 102,362
Cash at bank 341,703 305,258
432,972 407,620
CREDITORS
Amounts falling due within one year 6 77,508 82,639
NET CURRENT ASSETS 355,464 324,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,878

352,167

PROVISIONS FOR LIABILITIES 8 6,353 6,796
NET ASSETS 374,525 345,371

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 374,425 345,271
SHAREHOLDERS' FUNDS 374,525 345,371

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.

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 February 2025 and were signed by:





Mr G Dawson - Director


GAUGE FACTORS LIMITED (REGISTERED NUMBER: 02966079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Gauge Factors Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02966079 and its registered office address is Unit 3 Towergate Industrial Park, Colebrook Way, Andover, Hampshire SP10 3BB.

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.

The presentation currency is Sterling (£).

Going concern
The financial statements have been prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The director does not consider there to be any significant judgements or estimates.

Turnover
Turnover is derived from the provision of strain gauge installation services and is recognised once the service is provided.

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Tangible fixed assets
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment20% straight line
Motor vehicle25% on reducing balance

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

GAUGE FACTORS LIMITED (REGISTERED NUMBER: 02966079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Operating lease commitments
Where assets are financed by leasing agreements that give rights approximating to ownership, the assets are treated as if they have been purchased outright. The amount capitalised is their fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation on leased assets is charged to the income statement over the shorter of the lease term and their useful life. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the income statement on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as 'operating leases' and the relevant annual rentals are charged to the income statement on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£ £ £
COST
At 1 October 2023 7,089 25,990 33,079
Additions 6,515 - 6,515
At 30 September 2024 13,604 25,990 39,594
DEPRECIATION
At 1 October 2023 5,679 214 5,893
Charge for year 1,843 6,444 8,287
At 30 September 2024 7,522 6,658 14,180
NET BOOK VALUE
At 30 September 2024 6,082 19,332 25,414
At 30 September 2023 1,410 25,776 27,186


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 91,269 102,362

GAUGE FACTORS LIMITED (REGISTERED NUMBER: 02966079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 7,481 7,753
Social security and other taxes 42,657 56,177
Other creditors 18,602 9,585
Directors' current accounts 117 473
Accruals and deferred income 8,651 8,651
77,508 82,639

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 18,530 18,530
Between one and five years 74,120 74,120
In more than five years 9,265 27,795
101,915 120,445

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 6,353 6,796

Deferred tax
£
Balance at 1 October 2023 6,796
Provided during year (443 )
Balance at 30 September 2024 6,353

The above deferred tax balance relates to accelerate capital allowances.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company made interest-free advances to the director up to £2,839, which were repaid within the year. The balance due to the director at the year end is £117 (2023: £473).