Company registration number 13253719 (England and Wales)
GOULD SILICONE SEALANTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GOULD SILICONE SEALANTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
GOULD SILICONE SEALANTS LTD (REGISTERED NUMBER: 13253719)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
71,664
90,597
Current assets
Stocks
89,472
57,987
Debtors
4
160,469
304,392
Cash at bank and in hand
178
262
250,119
362,641
Creditors: amounts falling due within one year
5
(75,294)
(226,929)
Net current assets
174,825
135,712
Total assets less current liabilities
246,489
226,309
Creditors: amounts falling due after more than one year
6
(43,065)
(60,873)
Provisions for liabilities
(16,104)
(17,123)
Net assets
187,320
148,313
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
187,318
148,311
Total equity
187,320
148,313

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

GOULD SILICONE SEALANTS LTD (REGISTERED NUMBER: 13253719)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
Mr S Gould
Ms S  Gould
Director
Director
GOULD SILICONE SEALANTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Gould Silicone Sealants Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Lower Boat House, Chatham Dockyard, Kent, ME4 4TY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover for the sale of goods is recognised when all of the following conditions are met:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

GOULD SILICONE SEALANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
- 25% on reducing balance
Fixtures and fittings
- 25% on reducing balance
Computers
- 25% on reducing balance
Motor vehicles
- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
GOULD SILICONE SEALANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Website
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
1,995
2,709
7,288
112,974
124,966
Additions
2,000
1,992
3,752
-
0
7,744
Disposals
-
0
-
0
-
0
(5,624)
(5,624)
At 31 March 2025
3,995
4,701
11,040
107,350
127,086
Depreciation and impairment
At 1 April 2024
-
0
1,105
2,437
30,827
34,369
Depreciation charged in the year
749
816
1,741
19,592
22,898
Eliminated in respect of disposals
-
0
-
0
-
0
(1,845)
(1,845)
At 31 March 2025
749
1,921
4,178
48,574
55,422
Carrying amount
At 31 March 2025
3,246
2,780
6,862
58,776
71,664
At 31 March 2024
1,995
1,604
4,851
82,147
90,597

At the balance sheet date, the net book value of assets held under hire purchase agreements was £57,265 (2024: £80,131).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
78,955
119,666
Other debtors
81,514
184,726
160,469
304,392
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,519
6,007
Trade creditors
6,532
9,105
Taxation and social security
20,889
124,180
Other creditors
43,354
87,637
75,294
226,929
GOULD SILICONE SEALANTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
43,065
60,873
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
Ordinary A of £1 each
1
1
1
1
2
2
2
2
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