REGISTERED NUMBER: 15123915 (England and Wales)

Gaviota (UK) Ltd

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S Barter

Mrs M Barter

Mr R Giner Gomariz

Mr C D Smith

REGISTERED OFFICE:

Delta 606 Delta Office Park

Welton Road

Swindon

United Kingdom

SN5 7XF

REGISTERED NUMBER:

15123915 (England and Wales)

AUDITORS:

Grahame J. Harbour Limited

1 Windrush Road

Keynsham

Bristol

BS31 1QL

FIXED ASSETS

Tangible assets

4

18,565

2,367

CURRENT ASSETS

Stocks

5

162,707

39,969

Debtors

6

92,655

1,482

Cash at bank

13,540

-

268,902

41,451

CREDITORS

Amounts falling due within one year

7

(334,722

)

(67,245

)

NET CURRENT LIABILITIES

(65,820

)

(25,794

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,255

)

(23,427

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(47,355

)

(23,527

)

SHAREHOLDERS' FUNDS

(47,255

)

(23,427

)

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 23 September 2025 and were signed on its behalf by:

Mrs M Barter - Director

Mr S Barter - Director

1.	STATUTORY INFORMATION

Gaviota (UK) Ltd 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% 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 balance sheet date.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

2,492

-

-

2,492

Additions

19,584

376

177

20,137

At 31 December 2024

22,076

376

177

22,629

DEPRECIATION

At 1 January 2024

125

-

-

125

Charge for year

3,864

41

34

3,939

At 31 December 2024

3,989

41

34

4,064

NET BOOK VALUE

At 31 December 2024

18,087

335

143

18,565

At 31 December 2023

2,367

-

-

2,367

5.

STOCKS

2024

2023

£

£

Stocks

162,707

39,969

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

50,140

-

Other debtors

42,515

1,482

92,655

1,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

87,243

40,909

Amounts owed to group undertakings

229,411

2,990

Taxation and social security

7,542

4,120

Other creditors

10,526

19,226

334,722

67,245

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We did not observe the counting of physical stock at the end of the year. We were unable to satisfy ourselves by alternative means concerning the stock quantities held at 31 December 2024, which are included in the balance sheet at £162,707, by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Grahame Harbour (Senior Statutory Auditor)

for and on behalf of Grahame J. Harbour Limited