REGISTERED NUMBER: 10511108 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R L GUNN LIMITED

TRADING AS

EDWARD HANDS & LEWIS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R L Lovett

REGISTERED OFFICE:

20 The Meadows

East Goscote

Leicester

LE7 3QU

REGISTERED NUMBER:

10511108 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

16,078

14,894

CURRENT ASSETS

Debtors

5

275,823

228,916

Cash at bank and in hand

494,360

183,689

770,183

412,605

CREDITORS

Amounts falling due within one year

6

246,914

76,646

NET CURRENT ASSETS

523,269

335,959

TOTAL ASSETS LESS CURRENT LIABILITIES

539,347

350,853

CREDITORS

Amounts falling due after more than one year

7

(77,327

)

(92,652

)

PROVISIONS FOR LIABILITIES

(3,921

)

(3,724

)

NET ASSETS

458,099

254,477

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

458,098

254,476

458,099

254,477

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:

Mrs R L Lovett - Director

1.	STATUTORY INFORMATION

R L Gunn 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.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

21,382

7,746

29,128

Additions

1,396

3,865

5,261

At 31 December 2024

22,778

11,611

34,389

DEPRECIATION

At 1 January 2024

10,339

3,895

14,234

Charge for year

1,715

2,362

4,077

At 31 December 2024

12,054

6,257

18,311

NET BOOK VALUE

At 31 December 2024

10,724

5,354

16,078

At 31 December 2023

11,043

3,851

14,894

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

97,065

47,487

Amounts falling due after more than one year:

Other debtors

178,758

181,429

Aggregate amounts

275,823

228,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loan

15,325

12,317

Trade creditors

3,796

1,953

Taxation and social security

165,450

51,127

Other creditors

62,343

11,249

246,914

76,646

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

77,327

79,299

Other creditors

-

13,353

77,327

92,652

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

-

13,353

8.	RELATED PARTY DISCLOSURES

Included within other creditors is a director loan of £51 (2023: £15). This loan is interest free and repayable upon demand.

During the year a loan of £178,758 was made to a company in which the director was also a shareholder. No interest was charged on this amount. At the year end the amount outstanding was £178,758. RL Gunn Limited also entered into a property lease agreement with the company to provide office accommodation, market rent will be charged by the company to RL Gunn Limited going forward.