GORDON GROUP LTD


Directors	Arran J S Gordon
	Grant F Gordon
	Ross C Gordon


Registered Address	19 Juliette Way
	Purfleet
	South Ockendon
	RM15 4YD


Registered Number	11190563 (England and Wales)

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Finance costs
	During the year the company undertook an intra-group transfer of land and buildings and a remortgage of the property. Legal and professional fees incurred in connection with the property transfer have been recognised in the profit and loss account as administrative expenses, as these costs relate to the change in legal ownership and do not enhance the property’s value or extend its useful economic life. Fees incurred in connection with the remortgage and associated financing arrangements have been treated as finance costs in accordance with FRS 102 Sections 11 and 12. These costs have been treated as deferred loan costs and are being amortised over the term of the loan.

Finance costs

During the year the company undertook an intra-group transfer of land and buildings and a remortgage of the property. Legal and professional fees incurred in connection with the property transfer have been recognised in the profit and loss account as administrative expenses, as these costs relate to the change in legal ownership and do not enhance the property’s value or extend its useful economic life. Fees incurred in connection with the remortgage and associated financing arrangements have been treated as finance costs in accordance with FRS 102 Sections 11 and 12. These costs have been treated as deferred loan costs and are being amortised over the term of the loan.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses, except for freehold land which is not depreciated. Assets acquired from group undertakings under common control are initially recognised at the carrying amount in the subsidiary's books at the date of the transfer, and are subsequently accounted for in accordance with the cost model. No gain or loss is recognised on transfers of assets between group entities for the purposes of the parent and subsidiary company’s individual accounts. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses, except for freehold land which is not depreciated. 

Assets acquired from group undertakings under common control are initially recognised at the carrying amount in the subsidiary's books at the date of the transfer, and are subsequently accounted for in accordance with the cost model. 

No gain or loss is recognised on transfers of assets between group entities for the purposes of the parent and subsidiary company’s individual accounts.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Vehicles	25	-

	Impairment of non-financial assets policy
	Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		27

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 February 24	35,492
	Additions	1,692,000
	At 31 January 25	1,727,492
	Depreciation and impairment
	At 01 February 24	20,393
	Charge for year	35,450
	At 31 January 25	55,842
	Net book value
	At 31 January 25	1,671,649
	At 31 January 24	15,099


	Additions represent a transfer of assets from a subsidiary company.

4.	Fixed asset investments
	During the year, the company transferred its shareholding in Burnt Orange Construction Limited back to that company for nil consideration. The investment had no recoverable value, and the directors considered that no proceeds were receivable. As a result, the investment has been derecognised from the balance sheet. The carrying amount of £15,000 has been written off to the profit and loss account and is included within administrative expenses. Following the disposal, the company no longer has any interest in Burnt Orange Construction Limited.

Fixed asset investments

During the year, the company transferred its shareholding in Burnt Orange Construction Limited back to that company for nil consideration. The investment had no recoverable value, and the directors considered that no proceeds were receivable. As a result, the investment has been derecognised from the balance sheet. The carrying amount of £15,000 has been written off to the profit and loss account and is included within administrative expenses. Following the disposal, the company no longer has any interest in Burnt Orange Construction Limited.

		Total
		£
	Cost or valuation
	At 01 February 24	16,203
	Disposals	(15,000)
	At 31 January 25	1,203
	Net book value
	At 31 January 25	1,203
	At 31 January 24	16,203

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	134,784	58,730
Amounts owed by group undertakings	354,574	440,420
Other debtors	27	-
Prepayments and accrued income	14,369	-
Total	503,754	499,150

6.	Debtors: amounts due after one year

	2025	2024
	£	£
Other debtors	-	25,000
Total	-	25,000

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	15,180	16,716
Bank borrowings and overdrafts	37,864	-
Amounts owed to related parties	1,337,527	263,021
Taxation and social security	104,845	65,777
Other creditors	10,021	15,537
Accrued liabilities and deferred income	884	-
Total	1,506,321	361,051


	Lloyds Bank Commercial Finance Ltd & Lloyds Bank plc hold a fixed and floating charge covering all the property or undertaking of the company.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	514,183	-
Other creditors	51,477	109,109
Total	565,660	109,109


	Other creditors include director loan accounts.

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	2,152	2,868
Total	2,152	2,868

10.	Related party transactions
	As at the year end there was £38,577 (2024: £109,109) owed to directors. The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned subsidiaries within the group.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,671,649		15,099
Investments	4		1,203		16,203
			1,672,852		31,302
Current assets
Debtors	5,6	503,754		524,150
Cash at bank and on hand		20,635		23,315
		524,389		547,465
Creditors amounts falling due within one year	7	(1,506,321)		(361,051)
Net current assets (liabilities)			(981,932)		186,414
Total assets less current liabilities			690,920		217,716
Creditors amounts falling due after one year	8		(565,660)		(109,109)
Provisions for liabilities	9		(2,152)		(2,868)
Net assets			123,108		105,739
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			122,108		104,739
Shareholders' funds			123,108		105,739