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
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
Gayle Mansfield Designs Limited
Statement of financial position
as at 31 March 2025
Intangible assets
16,150
17,100
Tangible assets
3,562
3,974
Cash at bank and in hand
1,641
17,345
Creditors: amounts falling due within one year
(12,199)
(34,746)
Net current liabilities
(7,408)
(11,631)
Called up share capital
100
100
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
Gayle Mansfield Designs Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Gayle Mansfield Designs Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
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
At 31 March 2025
2,899
1,178
4,469
8,546
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
At 31 March 2025
1,153
689
1,720
3,562
At 31 March 2024
1,565
861
1,548
3,974
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,067
2,550
Loans from directors
11,132
25,575
Gayle Mansfield Designs Limited
Notes to the Accounts
for the year ended 31 March 2025
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).