07935326 false Retail sale of footwear in specialised stores 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-03-31 http://www.companieshouse.gov.uk/cd:Director1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-03-31 http://www.companieshouse.gov.uk/cd:Director2 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:FurnitureFittings 2024-03-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2024-03-31 http://www.companieshouse.gov.uk/pt:FurnitureFittings 2025-03-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:ToolsEquipment 2025-03-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-03-31 http://www.companieshouse.gov.uk/2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2025-03-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07935326
Gently Elephant Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
LogiTax Limited
Chartered Certified Accountants
SBC House
Restmor Way
Wallington
United Kingdom
SM6 7AH

Gently Elephant Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Helen Sheward
Harry Andrew Sheward
REGISTERED OFFICE
SBC House
Restmor Way
Wallington
Surrey
SM6 7AH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07935326
ACCOUNTANTS
LogiTax Limited
Chartered Certified Accountants
SBC House
Restmor Way
Wallington
United Kingdom
SM6 7AH

Gently Elephant Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
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 |  | -

Gently Elephant Limited

BALANCE SHEET AT 31/03/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 2 |  |  |  | 24,580 |  |  |  | 29,779
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 159,500 |  |  |  | 144,250 |  |
Debtors |  | 4 |  | 26,183 |  |  |  | 24,792 |  |
Cash at bank and in hand |  |  |  | 7,417 |  |  |  | 7,440 |  |
|  |  |  | 193,100 |  |  |  | 176,482 |  |
CREDITORS: Amounts falling due within one year |  | 5 |  | 178,415 |  |  |  | 168,858 |  |
NET CURRENT ASSETS |  |  |  |  |  | 14,685 |  |  |  | 7,624
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 39,265 |  |  |  | 37,403
PROVISIONS FOR LIABILITIES AND CHARGES |  | 7 |  |  |  | 4,762 |  |  |  | 5,773
NET ASSETS |  |  |  |  |  | 34,503 |  |  |  | 31,630
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 8 |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | 34,403 |  |  |  | 31,530
SHAREHOLDERS' FUNDS |  |  |  |  |  | 34,503 |  |  |  | 31,630
For the year ending 31/03/2025 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 04/11/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Helen Sheward |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Gently Elephant Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

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

1b. Depreciation |  |
Fixed assets are shown at historical cost.
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures And Fittings |  | straight line 20%

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.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Gently Elephant Limited

2. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Fixtures |  |  |  |
|  | and Fittings |  | Equipment |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 01/04/2024 |  | 123,570 |  | 16,347 |  | 139,917
Additions |  | - |  | 7,091 |  | 7,091
At 31/03/2025 |  | 123,570 |  | 23,438 |  | 147,008
Depreciation |  |  |  |  |  |
At 01/04/2024 |  | 93,791 |  | 16,347 |  | 110,138
For the year |  | 12,290 |  | - |  | 12,290
At 31/03/2025 |  | 106,081 |  | 16,347 |  | 122,428
Net Book Amounts |  |  |  |  |  |
At 31/03/2025 |  | 17,489 |  | 7,091 |  | 24,580
At 31/03/2024 |  | 29,779 |  | - |  | 29,779

3. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | 159,500 |  | 144,250
|  |  |  | 159,500 |  | 144,250

4. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 26,183 |  | 16,130
VAT |  |  |  | - |  | 8,662
|  |  |  | 26,183 |  | 24,792

Gently Elephant Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 4,000 |  | 1,000
VAT |  |  |  | 1,885 |  | -
PAYE control |  |  |  | 5,777 |  | 2,361
Salaries and wages control |  |  |  | - |  | 2,276
Directors current account |  |  |  | 98,110 |  | 89,658
Loans |  |  |  | 12,329 |  | 22,201
Trade creditors |  |  |  | 51,564 |  | 47,612
Accruals |  |  |  | 4,750 |  | 3,750
|  |  |  | 178,415 |  | 168,858

6. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 12 |  | 11

7. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Pensions |  |  |  | 92 |  | 115
Deferred taxation |  |  |  | 4,670 |  | 5,658
|  |  |  | 4,762 |  | 5,773

8. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
100 Ordinary shares of £1 each |  |  |  | 100 |  | 100
|  |  |  | 100 |  | 100

Gently Elephant Limited

9. CONTROLLING PARTY
Mrs H Sheward (a director) is the controlling party by virtue of her 100% shareholding in the company.

10. RELATED PARTY TRANSACTIONS
At the end of the period, included in other creditors is an amount of £98,110 (In 2024: £89,658) due to the director of the Company. This loan is interest free and without any repayment terms.
During the year, the director received dividends of £10,000 (In 2024: £5,000l).