xbrl

10933539falseGun shop2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 10933539






The Gunsmiths Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2024
























Prepared By:
Keith Miller Accountancy Services Ltd
Accountants
38 Thorpe Wood Bus Park
Thorpe Wood
Peterborough
Cambridgeshire
PE3 6SR


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024





DIRECTORS
Marcus David Simpson


REGISTERED OFFICE
Wittering Grange Farm
Leicester Road, Wansford
Peterborough
PE8 6NR


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10933539



BANKERS
Barclays Bank



ACCOUNTANTS
Keith Miller Accountancy Services Ltd
Accountants
38 Thorpe Wood Bus Park
Thorpe Wood
Peterborough
Cambridgeshire
PE3 6SR


ACCOUNTS
FOR THEYEARENDED31/12/2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	3		34,560		68,836

CURRENT ASSETS
Stock		664,730		623,820
Debtors	5	69,560		55,484
Cash at bank and in hand		190,403		286,761
		924,693		966,065
CREDITORS: Amounts falling due within one year	6	563,655		671,193
NET CURRENT ASSETS			361,038		294,872
TOTAL ASSETS LESS CURRENT LIABILITIES			395,598		363,708


PROVISIONS FOR LIABILITIES AND CHARGES	7		8,640		17,209

NET ASSETS			386,958		346,499

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			386,858		346,399
SHAREHOLDERS' FUNDS			386,958		346,499

For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 05/09/2025 and signed on their behalf by



.............................
Marcus David Simpson
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		straight line 20%
Commercial Vehicles		reducing balance 25%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




3. TANGIBLE FIXED ASSETS

	Plant and	Commercial
	Machinery	Vehicles	Total
	£	£	£
Cost
At 01/01/2024	39,583	93,640	133,223
Disposals	(5,000)	(36,115)	(41,115)
At 31/12/2024	34,583	57,525	92,108
Depreciation
At 01/01/2024	29,127	35,260	64,387
Disposals	(4,998)	(20,879)	(25,877)
For the year	4,657	14,381	19,038
At 31/12/2024	28,786	28,762	57,548
Net Book Amounts
At 31/12/2024	5,797	28,763	34,560
At 31/12/2023	10,456	58,380	68,836




4. STOCK	2024	2023
	£	£
Stock comprises:

Stock	664,730	623,820
	664,730	623,820




5. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	68,552	55,484
Directors current account - MJS	1,008	-
	69,560	55,484




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
UK corporation tax	34,157	21,462
VAT	19,897	34,562
PAYE control	2,276	1,845
Directors current account - MDS	338,074	267,504
Directors current account - MJS	-	122,035
Bank loans and overdrafts	-	651
Trade creditors	167,064	220,988
Other creditors	187	146
Accruals	2,000	2,000
	563,655	671,193




7. PROVISIONS FOR LIABILITIES	2024	2023
	£	£
Deferred taxation	8,640	17,209
	8,640	17,209




8. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	4	4