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REGISTERED NUMBER: 03272149 (England and Wales)












JOHN GUNNER AND COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN GUNNER AND COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: B J Gunner
A P Gunner
D J Moyse





SECRETARY: B J Gunner





REGISTERED OFFICE: Sunnyside, Clasford Bridge
Aldershot Road
Worplesdon
GUILDFORD
Surrey
GU3 3HF





REGISTERED NUMBER: 03272149 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 771,802 838,717

CURRENT ASSETS
Stocks 30,179 34,709
Debtors 5 59,413 56,505
Cash at bank and in hand 53,049 159,506
142,641 250,720
CREDITORS
Amounts falling due within one year 6 (464,691 ) (518,309 )
NET CURRENT LIABILITIES (322,050 ) (267,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,752

571,128

CREDITORS
Amounts falling due after more than one
year

7

(276,282

)

(335,649

)

PROVISIONS FOR LIABILITIES (91,852 ) (103,768 )
NET ASSETS 81,618 131,711

CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Share premium 19,996 19,996
Retained earnings 60,618 110,711
SHAREHOLDERS' FUNDS 81,618 131,711

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 directors acknowledge their 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.

JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)

BALANCE SHEET - continued
31 December 2024


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 Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





B J Gunner - Director


JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

John Gunner and Company 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 represents the value of sales (net of value added tax) from recycling and waste management services. Turnover is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 814,429 1,438,768 9,668
Additions - 75,325 -
At 31 December 2024 814,429 1,514,093 9,668
DEPRECIATION
At 1 January 2024 502,514 957,548 9,229
Charge for year 44,329 81,598 88
At 31 December 2024 546,843 1,039,146 9,317
NET BOOK VALUE
At 31 December 2024 267,586 474,947 351
At 31 December 2023 311,915 481,220 439

JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 664,290 12,760 2,939,915
Additions - - 75,325
At 31 December 2024 664,290 12,760 3,015,240
DEPRECIATION
At 1 January 2024 619,941 11,966 2,101,198
Charge for year 15,960 265 142,240
At 31 December 2024 635,901 12,231 2,243,438
NET BOOK VALUE
At 31 December 2024 28,389 529 771,802
At 31 December 2023 44,349 794 838,717

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 387,150
Additions 75,325
At 31 December 2024 462,475
DEPRECIATION
At 1 January 2024 135,764
Charge for year 47,123
At 31 December 2024 182,887
NET BOOK VALUE
At 31 December 2024 279,588
At 31 December 2023 251,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,376 36,840
Prepayments 20,037 19,665
59,413 56,505

JOHN GUNNER AND COMPANY LIMITED (REGISTERED NUMBER: 03272149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,476 45,775
Hire purchase contracts 69,719 60,309
Trade creditors 125,630 122,202
Tax 10,955 54,995
Social security and other taxes 2,416 8,447
VAT 26,010 32,731
Other creditors 404 758
Directors' current accounts 170,009 186,509
Accrued expenses 11,072 6,583
464,691 518,309

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 51,267 48,469
Bank loans - 2-5 years 85,954 107,587
Bank loans more 5 yr by instal 54,588 84,319
Hire purchase contracts 84,473 95,274
276,282 335,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 54,588 84,319

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 240,285 286,150

A charge in favour of National Westminster Bank PLC was created on 12 December 2016 securing the bank loan. This contains a fixed charge over all company property and assets and a floating charge over all other property.

9. RELATED PARTY DISCLOSURES

During the period, dividends of £68,640 (2023: £68,640) were paid to the directors.

10. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors.