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Company Registration No. 13975736 (England and Wales)
Gayle Mansfield Designs Limited Unaudited accounts for the year ended 31 March 2025
Gayle Mansfield Designs Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gayle Mansfield Designs Limited Company Information for the year ended 31 March 2025
Director
Gayle Ann Mansfield
Company Number
13975736 (England and Wales)
Registered Office
7 Highfield Road Worthing West Sussex BN13 1PX England
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Gayle Mansfield Designs Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
16,150
17,100
Tangible assets
5
3,562
3,974
19,712
21,074
Current assets
Inventories
-
1,000
Debtors
6
3,150
4,770
Cash at bank and in hand
1,641
17,345
4,791
23,115
Creditors: amounts falling due within one year
7
(12,199)
(34,746)
Net current liabilities
(7,408)
(11,631)
Net assets
12,304
9,443
Capital and reserves
Called up share capital
8
100
100
Share premium
9,000
9,000
Profit and loss account
3,204
343
Shareholders' funds
12,304
9,443
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2025 and were signed on its behalf by
Gayle Ann Mansfield Director Company Registration No. 13975736
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Gayle Mansfield Designs Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Gayle Mansfield Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 13975736. The registered office is 7 Highfield Road, Worthing, West Sussex, BN13 1PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33.3% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Gayle Mansfield Designs Limited Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
19,000
At 31 March 2025
19,000
Amortisation
At 1 April 2024
1,900
Charge for the year
950
At 31 March 2025
2,850
Net book value
At 31 March 2025
16,150
At 31 March 2024
17,100
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
2,899
1,178
3,450
7,527
Additions
-
-
1,019
1,019
At 31 March 2025
2,899
1,178
4,469
8,546
Depreciation
At 1 April 2024
1,334
317
1,902
3,553
Charge for the year
412
172
847
1,431
At 31 March 2025
1,746
489
2,749
4,984
Net book value
At 31 March 2025
1,153
689
1,720
3,562
At 31 March 2024
1,565
861
1,548
3,974
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,150
4,770
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
2,542
Taxes and social security
1,067
2,550
Other creditors
-
4,079
Loans from directors
11,132
25,575
12,199
34,746
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Gayle Mansfield Designs Limited Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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