REGISTERED NUMBER: 04685397 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Gazelle Office Furniture Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D J Wade

Mrs W S Wade

Mr R C Condon

SECRETARY:

Mr D J Wade

REGISTERED OFFICE:

208-212 Lawrence Hill

Lawrence Hill

Bristol

BS5 0DR

REGISTERED NUMBER:

04685397 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,453

17,994

13,453

17,994

CURRENT ASSETS

Stocks

6,520

9,050

Debtors

6

64,578

70,584

Cash at bank

211,770

218,338

282,868

297,972

CREDITORS

Amounts falling due within one year

7

168,078

173,069

NET CURRENT ASSETS

114,790

124,903

TOTAL ASSETS LESS CURRENT LIABILITIES

128,243

142,897

CREDITORS

Amounts falling due after more than one year

8

-

(4,554

)

PROVISIONS FOR LIABILITIES

9

(3,363

)

(3,419

)

NET ASSETS

124,880

134,924

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

123,880

133,924

SHAREHOLDERS' FUNDS

124,880

134,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

Mr D J Wade - Director

1.	STATUTORY INFORMATION

Gazelle Office Furniture 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

straight line over period of lease

Fixtures and fittings

-

25%/33.33% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

135,000

AMORTISATION

At 1 April 2024

and 31 March 2025

135,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

11,345

18,121

30,090

59,556

DEPRECIATION

At 1 April 2024

11,345

17,919

12,298

41,562

Charge for year

-

92

4,449

4,541

At 31 March 2025

11,345

18,011

16,747

46,103

NET BOOK VALUE

At 31 March 2025

-

110

13,343

13,453

At 31 March 2024

-

202

17,792

17,994

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

30,090

DEPRECIATION

At 1 April 2024

12,298

Charge for year

4,449

At 31 March 2025

16,747

NET BOOK VALUE

At 31 March 2025

13,343

At 31 March 2024

17,792

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

63,060

70,010

Prepayments

1,518

574

64,578

70,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,554

7,403

Trade creditors

35,156

42,630

Taxation

12,746

19,695

Social security and other taxes

20,011

13,560

Other creditors

10,888

8,608

Directors' loan accounts

80,055

76,401

Accrued expenses

4,668

4,772

168,078

173,069

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

4,554

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

3,363

3,419

Deferred

tax

£

Balance at 1 April 2024

3,419

Credit to Income Statement during year

(56

)

Balance at 31 March 2025

3,363

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary shares

1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 April 2024

133,924

Profit for the year

44,956

Dividends

(55,000

)

At 31 March 2025

123,880