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H K GOTT & SON LIMITED

Registered Number
06025398
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

H K GOTT & SON LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

GOTT, Charles
GOTT, Jason
GOTT, Steven Keith

Registered Address

Grenville, Nutts Lane,
Holbeach St Johns
Spalding
PE12 8RP

Registered Number

06025398 (England and Wales)
H K GOTT & SON LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets336,28031,856
36,28031,856
Current assets
Stocks42,8002,800
Debtors2703,452
Cash at bank and on hand152,778213,421
155,848219,673
Creditors amounts falling due within one year5(68,551)(185,215)
Net current assets (liabilities)87,29734,458
Total assets less current liabilities123,57766,314
Net assets123,57766,314
Capital and reserves
Profit and loss account123,57766,314
Shareholders' funds123,57766,314
The financial statements were approved and authorised for issue by the Board of Directors on 17 March 2025, and are signed on its behalf by:
GOTT, Steven Keith
Director
Registered Company No. 06025398
H K GOTT & SON LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year45
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 2444,80667,7371,482451114,476
Additions2,475---2,475
Disposals-(200)--(200)
At 31 December 2447,28167,5371,482451116,751
Depreciation and impairment
At 01 January 2429,67651,4151,21931082,620
Charge for year3,7148,073663511,888
On disposals(14,037)---(14,037)
At 31 December 2419,35359,4881,28534580,471
Net book value
At 31 December 2427,9288,04919710636,280
At 31 December 2315,13016,32226314131,856
4.Stocks

2024

2023

££
Raw materials and consumables2,5002,500
Work in progress300300
Total2,8002,800
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables29,77252,981
Taxation and social security19,21234,934
Other creditors19,11796,850
Accrued liabilities and deferred income450450
Total68,551185,215
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year
7.Obligations under finance leases