Company Registration No. 6854160 (England and Wales)
GAMBLE & HOLLIS LIMITED
Unaudited accounts
for the year ended 31 March 2025
GAMBLE & HOLLIS LIMITED
Unaudited accounts
Contents
GAMBLE & HOLLIS LIMITED
Company Information
for the year ended 31 March 2025
Directors
C HOLLIS
J GAMBLE
Company Number
6854160 (England and Wales)
Registered Office
1193 MELTON ROAD
SYSTON
LEICESTER
LE7 2JT
Accountants
AJD Accountancy Services Ltd
The Bungalow
Coppice Lane
Queniborough
Leicester
LE7 3DR
GAMBLE & HOLLIS LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
13,885
14,011
Cash at bank and in hand
100,988
113,531
Creditors: amounts falling due within one year
(44,272)
(60,635)
Net current assets
65,763
60,502
Total assets less current liabilities
79,648
74,513
Provisions for liabilities
Deferred tax
(2,638)
(2,662)
Called up share capital
1,000
1,000
Profit and loss account
76,010
70,851
Shareholders' funds
77,010
71,851
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by
C HOLLIS
Director
Company Registration No. 6854160
GAMBLE & HOLLIS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
GAMBLE & HOLLIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6854160. The registered office is 1193 MELTON ROAD, SYSTON, LEICESTER, LE7 2JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GAMBLE & HOLLIS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
81,842
18,645
100,487
At 31 March 2025
84,792
19,367
104,159
At 1 April 2024
71,152
15,324
86,476
Charge for the year
3,102
696
3,798
At 31 March 2025
74,254
16,020
90,274
At 31 March 2025
10,538
3,347
13,885
At 31 March 2024
10,690
3,321
14,011
Amounts falling due within one year
Accrued income and prepayments
1,777
1,050
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,408
32,979
Taxes and social security
11,313
14,781
Other creditors
22,918
8,581
Loans from directors
933
673
GAMBLE & HOLLIS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Transactions with related parties
Rent was paid during the year of £12,000 (2024 £12,000) for the premises that is owned jointly by the directors.
The company is controlled by its directors Mr C.L. Hollis and Mr J.A. Gamble equally.
11
Average number of employees
During the year the average number of employees was 6 (2024: 6).