Company registration number 05516245 (England and Wales)
T GOSLING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
T GOSLING LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
T GOSLING LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr T J Gosling
Ms J Gomm Baldensperger
Company number
05516245
Registered office
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Accountants
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
T GOSLING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
173,646
218,984
Current assets
Stocks
66,643
66,563
Debtors
4
504,820
412,759
Cash at bank and in hand
49,780
20,206
621,243
499,528
Creditors: amounts falling due within one year
6
(611,077)
(427,248)
Net current assets
10,166
72,280
Total assets less current liabilities
183,812
291,264
Creditors: amounts falling due after more than one year
7
(66,667)
(116,667)
Provisions for liabilities
(25,362)
(32,301)
Net assets
91,783
142,296
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
91,683
142,196
Total equity
91,783
142,296
T GOSLING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 3 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 September 2025 and are signed on its behalf by:
Mr T J Gosling
Director
Company registration number 05516245 (England and Wales)
T GOSLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

T Gosling Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, Shoreham Road, Upper Beeding, Steyning, West Sussex, BN44 3TN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. T he principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Retail Sales

Revenue and associated costs of sales are recognised at the point of sale.

Bespoke Projects

The company offers a bespoke furniture and upholstery design service. Revenue and associated costs of sale are recognised evenly over the life of a project.

Interior Design

The company is contracted by customers to undertake interior design of private and commercial properties on projects ranging from single rooms to entire residences.

The company acts as principal on such work, charging a margin on any third party goods used.

In accordance with UK GAAP, income and expenditure is recognised evenly over the life of the project.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

T GOSLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
over the term of the lease
Plant and equipment
20% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

T GOSLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
T GOSLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 January 2024
4,617
246,739
56,428
36,348
344,132
Disposals
-
0
-
0
(14,415)
(4,872)
(19,287)
At 31 December 2024
4,617
246,739
42,013
31,476
324,845
Depreciation and impairment
At 1 January 2024
4,617
33,339
54,954
32,238
125,148
Depreciation charged in the year
-
0
42,680
368
2,105
45,153
Eliminated in respect of disposals
-
0
-
0
(14,230)
(4,872)
(19,102)
At 31 December 2024
4,617
76,019
41,092
29,471
151,199
Carrying amount
At 31 December 2024
-
0
170,720
921
2,005
173,646
At 31 December 2023
-
0
213,400
1,474
4,110
218,984
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
132,761
59,220
Corporation tax recoverable
42,499
34,240
Other debtors
136,897
139,975
Prepayments and accrued income
131,255
125,302
443,412
358,737
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset (note )
61,408
54,022
Total debtors
504,820
412,759
T GOSLING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
5
Directors' benefits: advances, credit and guarantees

Interest on the directors loan has been charged at 2.25% and is repayable on demand. The amount outstanding at 31 December 202 4 was £1 30,022.

6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
50,000
50,000
Trade creditors
106,281
27,765
Taxation and social security
31,328
16,168
Other creditors
423,468
333,315
611,077
427,248
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
66,667
116,667
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Ordinary A shares of £1 each
76
76
76
76
Ordinary B shares of £1 each
10
10
10
10
Ordinary C shares of £1 each
14
14
14
14
100
100
100
100
2024-12-31 2024-01-01 false false false 10 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr T J Gosling Ms J Gomm Baldensperger 05516245 2024-01-01 2024-12-31 05516245 bus:Director1 2024-01-01 2024-12-31 05516245 bus:Director2 2024-01-01 2024-12-31 05516245 bus:RegisteredOffice 2024-01-01 2024-12-31 05516245 2024-12-31 05516245 2023-12-31 05516245 core:LeaseholdImprovements 2024-12-31 05516245 core:PlantMachinery 2024-12-31 05516245 core:FurnitureFittings 2024-12-31 05516245 core:ComputerEquipment 2024-12-31 05516245 core:LeaseholdImprovements 2023-12-31 05516245 core:PlantMachinery 2023-12-31 05516245 core:FurnitureFittings 2023-12-31 05516245 core:ComputerEquipment 2023-12-31 05516245 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05516245 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05516245 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 05516245 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 05516245 core:CurrentFinancialInstruments 2024-12-31 05516245 core:CurrentFinancialInstruments 2023-12-31 05516245 core:ShareCapital 2024-12-31 05516245 core:ShareCapital 2023-12-31 05516245 core:RetainedEarningsAccumulatedLosses 2024-12-31 05516245 core:RetainedEarningsAccumulatedLosses 2023-12-31 05516245 core:ShareCapitalOrdinaryShareClass1 2024-12-31 05516245 core:ShareCapitalOrdinaryShareClass1 2023-12-31 05516245 core:ShareCapitalOrdinaryShareClass2 2024-12-31 05516245 core:ShareCapitalOrdinaryShareClass2 2023-12-31 05516245 core:ShareCapitalOrdinaryShareClass3 2024-12-31 05516245 core:ShareCapitalOrdinaryShareClass3 2023-12-31 05516245 core:ShareCapitalOrdinaryShares 2024-12-31 05516245 core:ShareCapitalOrdinaryShares 2023-12-31 05516245 core:LeaseholdImprovements core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05516245 core:PlantMachinery 2024-01-01 2024-12-31 05516245 core:FurnitureFittings 2024-01-01 2024-12-31 05516245 core:ComputerEquipment 2024-01-01 2024-12-31 05516245 2023-01-01 2023-12-31 05516245 core:LeaseholdImprovements 2023-12-31 05516245 core:PlantMachinery 2023-12-31 05516245 core:FurnitureFittings 2023-12-31 05516245 core:ComputerEquipment 2023-12-31 05516245 2023-12-31 05516245 core:LeaseholdImprovements 2024-01-01 2024-12-31 05516245 core:Non-currentFinancialInstruments 2024-12-31 05516245 core:Non-currentFinancialInstruments 2023-12-31 05516245 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05516245 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 05516245 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 05516245 bus:OrdinaryShareClass1 2024-12-31 05516245 bus:OrdinaryShareClass1 2023-12-31 05516245 bus:OrdinaryShareClass2 2024-12-31 05516245 bus:OrdinaryShareClass2 2023-12-31 05516245 bus:OrdinaryShareClass3 2024-12-31 05516245 bus:OrdinaryShareClass3 2023-12-31 05516245 bus:AllOrdinaryShares 2024-12-31 05516245 bus:AllOrdinaryShares 2023-12-31 05516245 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05516245 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05516245 bus:FRS102 2024-01-01 2024-12-31 05516245 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05516245 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP