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COMPANY REGISTRATION NUMBER: 2701224
GUTTERMASTER LIMITED
Filleted Unaudited Financial Statements
31 March 2025
GUTTERMASTER LIMITED
Financial Statements
Year ended 31st March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
GUTTERMASTER LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
217,641
101,216
Investments
6
1
1
---------
---------
217,642
101,217
Current assets
Stocks
217,259
217,465
Debtors
7
332,425
383,948
Cash at bank and in hand
9,972
1,160
---------
---------
559,656
602,573
Creditors: amounts falling due within one year
8
563,523
518,458
---------
---------
Net current (liabilities)/assets
( 3,867)
84,115
---------
---------
Total assets less current liabilities
213,775
185,332
Creditors: amounts falling due after more than one year
9
97,643
80,304
---------
---------
Net assets
116,132
105,028
---------
---------
Capital and reserves
Called up share capital
6
6
Profit and loss account
116,126
105,022
---------
---------
Shareholders funds
116,132
105,028
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
GUTTERMASTER LIMITED
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 7 August 2025 , and are signed on behalf of the board by:
M.J. McKee
K.J. Hanson
Director
Director
Company registration number: 2701224
GUTTERMASTER LIMITED
Notes to the Financial Statements
Year ended 31st March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Healey Works, Shawclough Trading Estate, Shawclough Road, Rochdale, OL12 6ND.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
10% reducing balance
Fixtures and Fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2024: 9 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1st April 2024
104,804
124,121
228,925
Additions
128,754
4,627
133,381
---------
---------
---------
At 31st March 2025
233,558
128,748
362,306
---------
---------
---------
Depreciation
At 1st April 2024
17,481
110,228
127,709
Charge for the year
14,647
2,309
16,956
---------
---------
---------
At 31st March 2025
32,128
112,537
144,665
---------
---------
---------
Carrying amount
At 31st March 2025
201,430
16,211
217,641
---------
---------
---------
At 31st March 2024
87,323
13,893
101,216
---------
---------
---------
6. Investments
Other investments other than loans
£
Cost
At 1st April 2024 and 31st March 2025
1
----
Impairment
At 1st April 2024 and 31st March 2025
----
Carrying amount
At 31st March 2025
1
----
At 31st March 2024
1
----
The company owns the whole of the share capital of Fusion Facades Limited, a company incorporated in England and Wales.
7. Debtors
2025
2024
£
£
Trade debtors
329,014
381,709
Other debtors
3,411
2,239
---------
---------
332,425
383,948
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
21,547
32,766
Trade creditors
356,235
303,725
Social security and other taxes
34,055
38,259
Other creditors
151,686
143,708
---------
---------
563,523
518,458
---------
---------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
44,854
Other creditors
97,643
35,450
--------
--------
97,643
80,304
--------
--------
10. Related party transactions
2025 2024
£ £
Directors loan account 99,756 120,037
-------- ---------
No interest has been charged to the company in respect of the loan which is repayable on demand and is classified within creditors.