Registered number
09243476
LE PETIT GASCON LIMITED
Filleted Accounts
31 March 2025
LE PETIT GASCON LIMITED
Registered number: 09243476
Balance Sheet
as at 31 March 2025
2025 2024
£ £
Fixed assets
Tangible assets 45,208 50,836
Current assets
Debtors 2,545 4,753
Cash at bank and in hand 54,194 76,648
56,739 81,401
Creditors: amounts falling due within one year (17,522) (26,632)
Net current assets 39,217 54,769
Net assets 84,425 105,605
Capital and reserves
Called up share capital 10 10
Profit and loss account 84,415 105,595
Shareholder's funds 84,425 105,605
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. J. Quignon
Director
Approved by the board on 12 May 2025
LE PETIT GASCON LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 79,945 47,386 127,331
Additions 6,620 - 6,620
At 31 March 2025 86,565 47,386 133,951
Depreciation
At 1 April 2024 44,254 32,241 76,495
Charge for the year 8,462 3,786 12,248
At 31 March 2025 52,716 36,027 88,743
Net book value
At 31 March 2025 33,849 11,359 45,208
At 31 March 2024 35,691 15,145 50,836
4 Debtors 2025 2024
£ £
Other debtors 2,545 4,753
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 7,271 14,422
Trade creditors 3,769 4,278
Taxation and social security costs 5,200 6,238
Other creditors 1,282 1,694
17,522 26,632
6 Other information
LE PETIT GASCON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Hathaway
Maghull
Liverpool
L31 8AU
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