REGISTERED NUMBER: 08686295 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gardiff EPOS Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S B Egan

C S Harris

REGISTERED OFFICE:

Unit 10 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

REGISTERED NUMBER:

08686295 (England and Wales)

ACCOUNTANTS:

Braceys Accountants Limited

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

FIXED ASSETS

Tangible assets

4

150,511

152,918

CURRENT ASSETS

Stocks

5

138,923

144,320

Debtors

6

434,730

210,794

Cash and cash equivalents

521,617

735,290

1,095,270

1,090,404

CREDITORS

Amounts falling due within one year

7

289,851

305,735

NET CURRENT ASSETS

805,419

784,669

TOTAL ASSETS LESS CURRENT LIABILITIES

955,930

937,587

CREDITORS

Amounts falling due after more than one year

8

(30,000

)

(70,000

)

PROVISIONS FOR LIABILITIES

(26,313

)

(29,319

)

NET ASSETS

899,617

838,268

CAPITAL AND RESERVES

Called up share capital

10,040

10,040

Retained earnings

889,577

828,228

899,617

838,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

S B Egan - Director

1.	STATUTORY INFORMATION

Gardiff EPOS 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.

The financial statements are prepared in sterling, which is the functional currency of the entity. Amounts are rounded to nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 to which they relate.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the

ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price

Going concern

The financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

44,924

119,259

793,979

958,162

Additions

8,045

20,826

27,156

56,027

Disposals

-

(10,580

)

-

(10,580

)

At 31 December 2024

52,969

129,505

821,135

1,003,609

DEPRECIATION

At 1 January 2024

32,240

50,367

722,637

805,244

Charge for year

5,636

21,622

31,176

58,434

Eliminated on disposal

-

(10,580

)

-

(10,580

)

At 31 December 2024

37,876

61,409

753,813

853,098

NET BOOK VALUE

At 31 December 2024

15,093

68,096

67,322

150,511

At 31 December 2023

12,684

68,892

71,342

152,918

5.

STOCKS

2024

2023

£

£

Stocks

138,923

144,320

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

182,662

192,922

Other debtors

57,238

-

Directors' current accounts

178,479

-

Prepayments

16,351

17,872

434,730

210,794

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

40,000

40,000

Trade creditors

38,990

124,304

Tax

73,070

33,668

Social security and other taxes

21,304

24,028

VAT

64,545

59,636

Other creditors

10,125

8,630

Pensions unpaid

3,589

10,872

Intercompany

2,695

-

Directors' current accounts

2,622

2,622

Accrued expenses

32,911

1,975

289,851

305,735

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

30,000

70,000

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

40,000

40,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

30,000

70,000

There is a fixed and floating charge held on the company in favour of National Westminster Bank PLC dated 11 February 2014.

The loan amounts consists of a loan under the Coronavirus Business Interruption Loan Scheme (CIBLS) delivered by the British Business Bank, the loan has provided by National Westminster Bank PLC.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

S B Egan

Balance outstanding at start of year

(2,622

)

(1,470

)

Amounts repaid

-

(1,152

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,622

)

(2,622

)

C S Harris

Balance outstanding at start of year

-

-

Amounts advanced

178,479

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

178,479

-

11.	RELATED PARTY DISCLOSURES

At the balance sheet date S Egan, a director of the company, was owed £2,622 (2023: £2,622). There are no terms for repayment or interest charged.

At the balance sheet date C Harris, a director of the company, owed £178,479 (2023: £Nil). Interest is charged at 2.25%.

At the balance sheet date the company was owed £2,695 (2023: £Nil) by Gardiff Limited, a company connected by common control. The amounts relate to trading under commercial terms and do not attract interest.