Company Registration No. 07380272 (England and Wales)
GLADSTONE & CO. LTD
Financial Statements
for the year ended 31 March 2025
GLADSTONE & CO. LTD
Financial Statements
Contents
GLADSTONE & CO. LTD
Company Information
for the year ended 31 March 2025
Directors
M S Quadri
S S Quadri
Company Number
07380272 (England and Wales)
Registered Office
75 CREIGHTON AVENUE
EAST HAM
LONDON
E6 3DT
ENGLAND
Accountants
Gladstone & Co. Accountants
75 Creighton Avenue
East Ham
London
E6 3DT
GLADSTONE & CO. LTD
Accountants' report
Accountants' report to the board of directors of GLADSTONE & CO. LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
GLADSTONE & CO. LTD for the year ended
31 March 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GLADSTONE & CO. LTD, as a body, in accordance with the terms of our engagement letter dated 17 September 2010. Our work has been undertaken solely to prepare for your approval the accounts of GLADSTONE & CO. LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GLADSTONE & CO. LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GLADSTONE & CO. LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GLADSTONE & CO. LTD. You consider that GLADSTONE & CO. LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GLADSTONE & CO. LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Gladstone & Co. Accountants
75 Creighton Avenue
East Ham
London
E6 3DT
9 June 2025
GLADSTONE & CO. LTD
Statement of financial position
as at 31 March 2025
Tangible assets
2,327
3,111
Cash at bank and in hand
6,374
31,504
Creditors: amounts falling due within one year
(14,759)
(40,204)
Net current assets
21,150
48,542
Called up share capital
100
100
Profit and loss account
23,377
51,553
Shareholders' funds
23,477
51,653
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 9 June 2025 and were signed on its behalf by
M S Quadri
Director
Company Registration No. 07380272
GLADSTONE & CO. LTD
Notes to the Accounts
for the year ended 31 March 2025
GLADSTONE & CO. LTD is a private company, limited by shares, registered in England and Wales, registration number 07380272. The registered office is 75 CREIGHTON AVENUE, EAST HAM, LONDON, E6 3DT, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. All other grants received are credited to profit and loss.
GLADSTONE & CO. LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
-
21,570
Other debtors
22,675
23,720
Amounts falling due after more than one year
Other debtors
6,860
11,952
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
3,489
Other creditors
8,342
2,991
Loans from directors
-
25,744
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
GLADSTONE & CO. LTD
Notes to the Accounts
for the year ended 31 March 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Current Account
(12,872)
12,872
-
-
Current Account
(12,872)
12,872
-
-
9
Transactions with related parties
Dividends totalling £75,000 (2023 - £60,000) were paid in the year in respect of shares held by the company's directors.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).