REGISTERED NUMBER: 05921732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A J GUTTRIDGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C A Hoskins

J E Hoskins

Miss A A M Hoskins

SECRETARY:

Mrs C A Hoskins

REGISTERED OFFICE:

The Vineries

263 New Road

Porthcawl

Bridgend

CF36 5BG

REGISTERED NUMBER:

05921732 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales and West Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Intangible assets

4

10,100

15,150

Tangible assets

5

16,810

21,975

26,910

37,125

CURRENT ASSETS

Stocks

13,000

14,000

Debtors

6

-

33,550

Cash at bank and in hand

163,566

170,875

176,566

218,425

CREDITORS

Amounts falling due within one year

7

70,386

41,607

NET CURRENT ASSETS

106,180

176,818

TOTAL ASSETS LESS CURRENT LIABILITIES

133,090

213,943

CREDITORS

Amounts falling due after more than one year

8

(4,409

)

(14,805

)

PROVISIONS FOR LIABILITIES

(3,194

)

(4,175

)

NET ASSETS

125,487

194,963

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

125,482

194,958

SHAREHOLDERS' FUNDS

125,487

194,963

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 Income Statement 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:

Miss A A M Hoskins - Director

1.	STATUTORY INFORMATION

A J Guttridge 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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. Turnover is recognised at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

25% on cost, 20% on cost and 15% 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 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

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 an auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

101,000

AMORTISATION

At 1 January 2024

85,850

Charge for year

5,050

At 31 December 2024

90,900

NET BOOK VALUE

At 31 December 2024

10,100

At 31 December 2023

15,150

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

154,475

DEPRECIATION

At 1 January 2024

132,500

Charge for year

5,165

At 31 December 2024

137,665

NET BOOK VALUE

At 31 December 2024

16,810

At 31 December 2023

21,975

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

-

33,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,396

10,141

Trade creditors

5,699

412

Taxation and social security

32,955

25,371

Other creditors

21,336

5,683

70,386

41,607

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,409

14,805

9.	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

£

£

J E Hoskins and Mrs C A Hoskins

Balance outstanding at start of year

33,550

-

Amounts advanced

75

33,550

Amounts repaid

(33,625

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

33,550

Amounts due to the company are repayable on demand.