Registered number
07738830
Gary Birks Design Ltd
Filleted Accounts
31 August 2024
Gary Birks Design Ltd
Registered number: 07738830
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 533,959 503,188
Investments 4 34,363 34,363
568,322 537,551
Current assets
Debtors 5 171,089 161,135
Cash at bank and in hand 61,427 47,558
232,516 208,693
Creditors: amounts falling due within one year 6 (232,271) (214,167)
Net current assets/(liabilities) 245 (5,474)
Total assets less current liabilities 568,567 532,077
Creditors: amounts falling due after more than one year 7 (177,388) (211,895)
Net assets 391,179 320,182
Capital and reserves
Called up share capital 2 2
Profit and loss account 391,177 320,180
Shareholders' funds 391,179 320,182
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gary Birks
Director
Approved by the board on 28 August 2025
Gary Birks Design Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Commercial Vehicle Total
£ £ £ £
Cost
At 1 September 2023 420,000 20,062 94,131 534,193
Additions - 59,957 - 59,957
At 31 August 2024 420,000 80,019 94,131 594,150
Depreciation
At 1 September 2023 - 12,179 18,826 31,005
Charge for the year - 10,360 18,826 29,186
At 31 August 2024 - 22,539 37,652 60,191
Net book value
At 31 August 2024 420,000 57,480 56,479 533,959
At 31 August 2023 420,000 7,883 75,305 503,188
4 Investments
Other
investments
£
Cost
At 1 September 2023 34,363
At 31 August 2024 34,363
5 Debtors 2024 2023
£ £
Trade debtors 23,089 13,135
Other Property Investements 148,000 148,000
171,089 161,135
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 61,730 54,877
Trade creditors 24,746 21,192
Taxation and social security costs 84,300 86,626
Other creditors & deferred revenues 61,495 51,472
232,271 214,167
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 62,775 124,738
Other creditors 114,613 87,157
177,388 211,895
8 Other information
Gary Birks Design Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite H The Old Dutch Barn
Westend Offices
Stonehouse
Glos.
GL10 3GE
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