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REGISTERED NUMBER: 01042742 (England and Wales)








GORDON DALE ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

GORDON DALE ENTERPRISES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: G A Crickmay
E L Crickmay





SECRETARY: E L Crickmay





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 01042742 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

BALANCE SHEET
30 November 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 59,526 61,331

CURRENT ASSETS
Stocks 140,060 146,511
Debtors 5 2,491,203 2,341,887
Cash at bank 68,037 105,759
2,699,300 2,594,157
CREDITORS
Amounts falling due within one year 6 (1,105,545 ) (842,987 )
NET CURRENT ASSETS 1,593,755 1,751,170
TOTAL ASSETS LESS CURRENT LIABILITIES 1,653,281 1,812,501

CREDITORS
Amounts falling due after more than one year 7 (13,653 ) (33,196 )

PROVISIONS FOR LIABILITIES 11 (480,885 ) (451,885 )
NET ASSETS 1,158,743 1,327,420

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,158,643 1,327,320
1,158,743 1,327,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

BALANCE SHEET - continued
30 November 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:




G A Crickmay - Director



E L Crickmay - Director


GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024


1. STATUTORY INFORMATION

Gordon Dale Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the ongoing funding requirements of the company and its parent in the context of the overall group strategy and the completion by the parent of the construction of the new premises providing showroom, workshop and offices.

The going concern basis is considered appropriate as the parent company directors have secured agreement, subject to legals, from Metro Bank for a loan of £3.5m, repayable over 25 years to replace the parent's existing short term borrowing. The legal processes are currently being completed and are anticipated to facilitate drawdown during October 2025. In addition, the parent company directors and shareholders will continue to provide financial support to the group for the foreseeable future to enable it to meet its liabilities as they fall due.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value-added tax. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the company.

Revenue from vehicle servicing and repair work is recognised in the period in which the services are provided, when the customer has accepted the work performed, and the invoice has been issued.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged to allocate the cost of assets less their residual value over their estimated useful lives from the date they come into use.

Depreciation is provided on the following basis:

- Plant and machinery - 25% Reducing balance
- Fixture and fittings - 25% Reducing balance
- Short leasehold - over life of lease
- Motor Vehicles - 25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
Financial instruments are classified by the directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic financial instruments.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period in which they relate to.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 22 ) .

GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 December 2023 48,495 87,335 37,490 34,149 207,469
Additions - 3,837 10,590 - 14,427
Disposals - (9,460 ) - - (9,460 )
At 30 November 2024 48,495 81,712 48,080 34,149 212,436
DEPRECIATION
At 1 December 2023 41,167 71,776 21,456 11,739 146,138
Charge for year 1,832 5,462 3,336 5,602 16,232
Eliminated on disposal - (9,460 ) - - (9,460 )
At 30 November 2024 42,999 67,778 24,792 17,341 152,910
NET BOOK VALUE
At 30 November 2024 5,496 13,934 23,288 16,808 59,526
At 30 November 2023 7,328 15,559 16,034 22,410 61,331

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 516,076 268,537
Other debtors 59,365 46,241
575,441 314,778

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,915,762 2,027,109

Aggregate amounts 2,491,203 2,341,887

The amount due from the group undertaking attracts interest at a rate of 2% per annum.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8) 10,289 10,035
Hire purchase contracts (see note 9) 10,084 8,577
Trade creditors 448,543 101,084
Taxation and social security 64,058 49,806
Other creditors 572,571 673,485
1,105,545 842,987

GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors is a balance owed to a connected company of £549,272 (2023: £654,177). This balance is interest free and repayable upon demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans (see note 8) 8,773 19,062
Hire purchase contracts (see note 9) 4,880 14,134
13,653 33,196

The company received a Coronavirus Bounce Back Loan which attracts interest at a fixed rate of 2.5%. Repayments of capital and interest are being made monthly for a period of 5 years until May 2026. The loan is unsecured.

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 10,289 10,035

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,773 10,289

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,773

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 10,084 8,577
Between one and five years 4,880 14,134
14,964 22,711

GORDON DALE ENTERPRISES LIMITED (REGISTERED NUMBER: 01042742)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


9. LEASING AGREEMENTS - continued

At 30 November 2024 the company had future minimum lease payments under non-cancellable operating leases as follows:


2024 2023
£ £

Within one year 196,763 196,763
Between one and five years 393,525 590,287
590,288 787,050

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 14,964 22,711

All monies owed to National Westminster Bank Plc, including the bank loan, are secured over the assets of the company.

11. PROVISIONS FOR LIABILITIES

The provision for Liabilities is made up as follows:

20242023
££

Rollover relief438,385438,385
Accelerated capital allowances17,50013,500
Dilapidations25,000-
480,885451,885

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Gordon Dale Holdings Limited whose registered office is Ashbourne House The Guildway, Old Portsmouth Road, Guildford, Surrey, United Kingdom, GU3 1LR.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GORDON DALE ENTERPRISES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gordon Dale Enterprises Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gordon Dale Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gordon Dale Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Gordon Dale Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gordon Dale Enterprises Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gordon Dale Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gordon Dale Enterprises Limited. You consider that Gordon Dale Enterprises Limited 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 financial statements of Gordon Dale Enterprises Limited. 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 financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than you, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


28 August 2025