Company Registration No. 08967439 (England and Wales)
Gaubert's Brothers Limited
Unaudited accounts
for the year ended 31 March 2024
Gaubert's Brothers Limited
Unaudited accounts
Contents
Gaubert's Brothers Limited
Company Information
for the year ended 31 March 2024
Directors
Adrien Gaubert
Pierre Gaubert
Andrew Robertson
Company Number
08967439 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
Gaubert's Brothers Limited
Accountants' report
Accountants' report to the board of directors of Gaubert's Brothers Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Gaubert's Brothers Limited for the year ended
31 March 2024 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gaubert's Brothers Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Gaubert's Brothers Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gaubert's Brothers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gaubert's Brothers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Gaubert's Brothers Limited . You consider that Gaubert's Brothers 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 accounts of Gaubert's Brothers 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3, The Hop Exchange
24 Southwark Street
London
SE1 1TY
28 March 2025
Gaubert's Brothers Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,908
3,912
Cash at bank and in hand
318,797
249,528
Creditors: amounts falling due within one year
(2,532,213)
(2,276,205)
Net current liabilities
(1,544,049)
(1,173,903)
Total assets less current liabilities
(1,541,141)
(1,169,991)
Creditors: amounts falling due after more than one year
(369,605)
(376,509)
Net liabilities
(1,910,746)
(1,546,500)
Called up share capital
229
207
Share premium
3,774,532
2,863,256
Profit and loss account
(5,685,507)
(4,409,963)
Shareholders' funds
(1,910,746)
(1,546,500)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Pierre Gaubert
Director
Company Registration No. 08967439
Gaubert's Brothers Limited
Notes to the Accounts
for the year ended 31 March 2024
Gaubert's Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 08967439. The registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These accounts have been prepared on the going concern basis as the company expects to raise equity within the coming months, which will fund the business activity until 2025, when the Directors expect the company to be in a profit making position.
Turnover represents the value, net of VAT and discounts of work carried out in respect of services provided to customers.
Revenue Recognition Policy
Revenue is recognised over the term of the contract and in the month that events take place.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company classifies certain non-recurring charges or credits that have a material impact on the company’s financial results as ‘exceptional items’. These are disclosure separately to provide further understanding of the financial performance of the company.
Gaubert's Brothers Limited
Notes to the Accounts
for the year ended 31 March 2024
Tangible fixed assets policy
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of tax liabilities or other future taxable profits; and
• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Gaubert's Brothers Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
550,584
748,014
Accrued income and prepayments
64,148
56,713
Other debtors
31,955
25,367
Amounts falling due after more than one year
Other debtors
22,680
22,680
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,315
145,607
Trade creditors
252,308
177,612
Taxes and social security
202,325
164,747
Other creditors
195,135
81,007
Deferred income
1,712,870
1,574,631
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
369,605
380,254
Gaubert's Brothers Limited
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
22,876 Ordinary shares of £0.01 each
228.76
206.59
Shares issued during the period:
2,217 Ordinary shares of £0.01 each
22.17
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Average number of employees
During the year the average number of employees was 21 (2023: 22).