| REGISTERED NUMBER: |
| Gowling Group Ltd |
| Financial Statements for the Year Ended 31st March 2025 |
| REGISTERED NUMBER: |
| Gowling Group Ltd |
| Financial Statements for the Year Ended 31st March 2025 |
| Gowling Group Ltd (Registered number: 03338815) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2025 |
| Page |
| Company information | 1 |
| Abridged balance sheet | 2 |
| Notes to the financial statements | 4 |
| Gowling Group Ltd |
| Company Information |
| for the Year Ended 31st March 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountant |
| Lewis & Son Accountants Limited |
| 37 Stoke Road |
| Blisworth |
| Northampton |
| NN7 3BZ |
| Gowling Group Ltd (Registered number: 03338815) |
| Abridged Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 3 |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| 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. |
| Gowling Group Ltd (Registered number: 03338815) |
| Abridged Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Gowling Group Ltd (Registered number: 03338815) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2025 |
| 1. | Accounting policies |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover is recognised at the point of sale to the customer. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Freehold property | - |
| Leasehold improvements | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Freehold land is not depreciated. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| Gowling Group Ltd (Registered number: 03338815) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 1. | Accounting policies - continued |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
| Leasing and hire purchase contracts |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligations outstanding in each period. |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis. |
| 2. | Employees and directors |
| The average number of employees during the year was |
| Gowling Group Ltd (Registered number: 03338815) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 3. | Intangible fixed assets |
| Totals |
| £ |
| Cost |
| At 1st April 2024 |
| Disposals | ( |
) |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| 4. | Tangible fixed assets |
| Totals |
| £ |
| Cost |
| At 1st April 2024 |
| Additions |
| Disposals | ( |
) |
| At 31st March 2025 |
| Depreciation |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| Gowling Group Ltd (Registered number: 03338815) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 5. | Leasing agreements |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 6. | Secured debts |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 96,506 | 124,306 |
| Gowling Group Ltd (Registered number: 03338815) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 7. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |