3 3 Gulson Road Limited 10751429 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the development of building projects Digita Accounts Production Advanced 6.30.9574.0 true 10751429 2023-10-01 2024-09-30 10751429 2024-09-30 10751429 bus:OrdinaryShareClass1 2024-09-30 10751429 bus:OrdinaryShareClass2 2024-09-30 10751429 bus:OrdinaryShareClass3 2024-09-30 10751429 bus:OrdinaryShareClass4 2024-09-30 10751429 bus:OrdinaryShareClass5 2024-09-30 10751429 core:CurrentFinancialInstruments 2024-09-30 10751429 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10751429 bus:SmallEntities 2023-10-01 2024-09-30 10751429 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10751429 bus:FilletedAccounts 2023-10-01 2024-09-30 10751429 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10751429 bus:RegisteredOffice 2023-10-01 2024-09-30 10751429 bus:Director1 2023-10-01 2024-09-30 10751429 bus:Director2 2023-10-01 2024-09-30 10751429 bus:Director3 2023-10-01 2024-09-30 10751429 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10751429 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 10751429 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 10751429 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 10751429 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 10751429 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10751429 bus:Agent1 2023-10-01 2024-09-30 10751429 core:OtherRelatedParties 2023-10-01 2024-09-30 10751429 countries:EnglandWales 2023-10-01 2024-09-30 10751429 2022-10-01 2023-09-30 10751429 2023-09-30 10751429 bus:OrdinaryShareClass1 2023-09-30 10751429 bus:OrdinaryShareClass2 2023-09-30 10751429 bus:OrdinaryShareClass3 2023-09-30 10751429 bus:OrdinaryShareClass4 2023-09-30 10751429 bus:OrdinaryShareClass5 2023-09-30 10751429 core:CurrentFinancialInstruments 2023-09-30 10751429 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 10751429

Gulson Road Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Gulson Road Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Gulson Road Limited

Company Information

Directors

Mr P E Gillespie

Mr J Gillespie

Mr D A Townend

Registered office

Heliting House
35 Richmond Hill
Bournemouth
Dorset
BH2 6HT

Accountants

Elysium Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Gulson Road Limited

(Registration number: 10751429)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

29,663,544

29,408,918

Debtors

5

529,827

490,312

Cash at bank and in hand

 

34,932

78,631

 

30,228,303

29,977,861

Creditors: Amounts falling due within one year

6

(30,652,355)

(30,391,112)

Net liabilities

 

(424,052)

(413,251)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(425,052)

(414,251)

Shareholders' deficit

 

(424,052)

(413,251)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Mr D A Townend
Director

 

Gulson Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Heliting House
35 Richmond Hill
Bournemouth
Dorset
BH2 6HT

These financial statements were authorised for issue by the Board on 23 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Contract revenue recognition

Revenue from contracts is recognised when the risks and rewards of ownership have been transferred to the funder, which is usually when title passes.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Gulson Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Work in progress

29,663,544

29,408,918

5

Debtors

Current

2024
£

2023
£

Other debtors

529,827

490,312

 

529,827

490,312

 

Gulson Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

879,065

864,822

Accruals and deferred income

29,773,290

29,526,290

30,652,355

30,391,112

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

200

200

200

200

Ordinary B of £1 each

200

200

200

200

Ordinary C of £1 each

100

100

100

100

Ordinary D of £1 each

300

300

300

300

Ordinary E of £1 each

200

200

200

200

1,000

1,000

1,000

1,000

8

Related party transactions

Summary of transactions with other related parties

During the year transactions took place with a company in which the directors have a participating interest. Included within Other debtors is £527,000 (2023: £490,000) due from this company.