IRIS Accounts Production v25.3.0.601 04701051 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04701051 2024-03-31 04701051 2025-03-31 04701051 2024-04-01 2025-03-31 04701051 2023-03-31 04701051 2023-04-01 2024-03-31 04701051 2024-03-31 04701051 ns15:EnglandWales 2024-04-01 2025-03-31 04701051 ns14:PoundSterling 2024-04-01 2025-03-31 04701051 ns10:Director1 2024-04-01 2025-03-31 04701051 ns10:Director2 2024-04-01 2025-03-31 04701051 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04701051 ns10:SmallEntities 2024-04-01 2025-03-31 04701051 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04701051 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 04701051 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04701051 ns10:FullAccounts 2024-04-01 2025-03-31 04701051 1 2024-04-01 2025-03-31 04701051 ns10:Director3 2024-04-01 2025-03-31 04701051 ns10:Director4 2024-04-01 2025-03-31 04701051 ns10:RegisteredOffice 2024-04-01 2025-03-31 04701051 ns5:CurrentFinancialInstruments 2025-03-31 04701051 ns5:CurrentFinancialInstruments 2024-03-31 04701051 ns5:Non-currentFinancialInstruments 2025-03-31 04701051 ns5:Non-currentFinancialInstruments 2024-03-31 04701051 ns5:ShareCapital 2025-03-31 04701051 ns5:ShareCapital 2024-03-31 04701051 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04701051 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 04701051 ns5:NetGoodwill 2024-04-01 2025-03-31 04701051 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 04701051 ns5:PlantMachinery 2024-04-01 2025-03-31 04701051 ns5:ComputerEquipment 2024-04-01 2025-03-31 04701051 ns5:NetGoodwill 2024-03-31 04701051 ns5:NetGoodwill 2025-03-31 04701051 ns5:NetGoodwill 2024-03-31 04701051 ns5:PlantMachinery 2024-03-31 04701051 ns5:ComputerEquipment 2024-03-31 04701051 ns5:PlantMachinery 2025-03-31 04701051 ns5:ComputerEquipment 2025-03-31 04701051 ns5:PlantMachinery 2024-03-31 04701051 ns5:ComputerEquipment 2024-03-31 04701051 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 04701051 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 04701051 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-03-31 04701051 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-03-31 04701051 ns5:WithinOneYear 2025-03-31 04701051 ns5:WithinOneYear 2024-03-31 04701051 ns5:BetweenOneFiveYears 2025-03-31 04701051 ns5:BetweenOneFiveYears 2024-03-31 04701051 ns5:AllPeriods 2025-03-31 04701051 ns5:AllPeriods 2024-03-31 04701051 ns10:Director1 1 2024-03-31 04701051 ns10:Director1 1 2023-03-31 04701051 ns10:Director1 1 2024-04-01 2025-03-31 04701051 ns10:Director1 1 2023-04-01 2024-03-31 04701051 ns10:Director1 1 2025-03-31 04701051 ns10:Director1 1 2024-03-31 04701051 2 ns10:Director2 2024-03-31 04701051 2 ns10:Director2 2023-03-31 04701051 2 ns10:Director2 2024-04-01 2025-03-31 04701051 2 ns10:Director2 2023-04-01 2024-03-31 04701051 2 ns10:Director2 2025-03-31 04701051 2 ns10:Director2 2024-03-31

REGISTERED NUMBER: 04701051 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| FOR |

| K GATHERCOLE & SON LIMITED |

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

K GATHERCOLE & SON LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | S Claydon

| C Gathercole

| Mrs J Claydon

| Mrs C L Gathercole

| REGISTERED OFFICE: | Unit 2b Cligga Head Ind Est

| St. Georges Hill

| Perranporth

| Cornwall

| TR6 0EB

| REGISTERED NUMBER: | 04701051 (England and Wales)

| ACCOUNTANTS: | Whitakers

| Chartered Accountants

| Bryndon House

| 5/7 Berry Road

| Newquay

| Cornwall

| TR7 1AD

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

BALANCE SHEET

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 437,059 |  | 400,645 |  |

437,059 |  | 400,645 |  |

CURRENT ASSETS

Stocks | 2,500 |  | 2,500 |  |

Debtors | 6 | 127,137 |  | 113,532 |  |

Cash at bank and in hand | 218,864 |  | 168,681 |  |

348,501 |  | 284,713 |  |

CREDITORS

Amounts falling due within one year | 7 | 190,733 |  | 160,480 |  |

NET CURRENT ASSETS | 157,768 |  | 124,233 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 594,827 |  | 524,878 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (10,000 | ) | (30,000 | ) |

PROVISIONS FOR LIABILITIES | (109,265 | ) | (95,514 | ) |

NET ASSETS | 475,562 |  | 399,364 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 475,560 |  | 399,362 |  |

SHAREHOLDERS' FUNDS | 475,562 |  | 399,364 |  |

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.

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

BALANCE SHEET - continued

31 MARCH 2025

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 14 November 2025 and were signed on its behalf by:

C Gathercole - Director

S Claydon - Director

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| K Gathercole & Son 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 15% on reducing balance

| Computer equipment | - | 25% on reducing balance

| 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

| 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.

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Turnover

| Turnover represents net invoiced sale of goods and services, excluding value added tax.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 10 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 30,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 1,042,272 |  | 2,417 |  | 1,044,689 |  |

| Additions | 121,982 |  | 8,694 |  | 130,676 |  |

| Disposals | (44,190 | ) | - |  | (44,190 | ) |

| At 31 March 2025 | 1,120,064 |  | 11,111 |  | 1,131,175 |  |

| DEPRECIATION

| At 1 April 2024 | 642,296 |  | 1,748 |  | 644,044 |  |

| Charge for year | 77,096 |  | 2,341 |  | 79,437 |  |

| Eliminated on disposal | (29,365 | ) | - |  | (29,365 | ) |

| At 31 March 2025 | 690,027 |  | 4,089 |  | 694,116 |  |

| NET BOOK VALUE

| At 31 March 2025 | 430,037 |  | 7,022 |  | 437,059 |  |

| At 31 March 2024 | 399,976 |  | 669 |  | 400,645 |  |

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 122,092 |  | 101,388 |  |

| Other debtors | - |  | 9,250 |  |

| Prepayments and accrued income | 5,045 |  | 2,894 |  |

127,137 |  | 113,532 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 10,000 |  | - |  |

| Trade creditors | 37,339 |  | 49,885 |  |

| Other creditors | 56,715 |  | 60,245 |  |

| Tax | 57,508 |  | 33,501 |  |

| Social security and other taxes | 28,181 |  | 15,429 |  |

| Accrued expenses | 990 |  | 1,420 |  |

190,733 |  | 160,480 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans - 1-2 years | 10,000 |  | 30,000 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.3.25 |  | 31.3.24

£ | £ |

| Within one year | 17,156 |  | 20,588 |  |

| Between one and five years | - |  | 17,586 |  |

17,156 |  | 38,174 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| C Gathercole

| Balance outstanding at start of year | - |  | 3,539 |  |

| Amounts repaid | - |  | (3,539 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

K GATHERCOLE & SON LIMITED (REGISTERED NUMBER: 04701051)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

| S Claydon

| Balance outstanding at start of year | - |  | 5,375 |  |

| Amounts repaid | - |  | (5,375 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

11. | RELATED PARTY DISCLOSURES

| The company is controlled by its directors, Mr & Mrs C J Gathercole and Mr & Mrs S Claydon, by virtue of the fact that they own 100% of the company's ordinary issued share capital.