GORNER LIMITED - Filleted accounts

Registered number

07465339

GORNER LIMITED

Unaudited Filleted Accounts

31 May 2025

GORNER LIMITED
Registered number:		07465339
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		69,458			50,497

Current assets
Stocks		560			750
Debtors	4	271,530			250,999
Cash at bank and in hand		104,011			45,801
		376,101			297,550

Creditors: amounts falling due within one year	5	(160,491)			(116,966)

Net current assets			215,610			180,584

Total assets less current liabilities			285,068			231,081

Creditors: amounts falling due after more than one year	6		(28,860)			(10,695)



Net assets			256,208			220,386

Capital and reserves
Called up share capital			100			100
Profit and loss account			256,108			220,286

Shareholders' funds			256,208			220,386

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Ratkoceri
Director
Approved by the board on 24 November 2025

GORNER LIMITED
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			over 15 years
	Plant and machinery			25% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.



	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					22		19


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	82,763		118,157		-		200,920
	Additions	-		3,779		39,184		42,963
	At 31 May 2025	82,763		121,936		39,184		243,883

	Depreciation
	At 1 June 2024	65,295		85,128		-		150,423
	Charge for the year	5,517		11,954		6,531		24,002
	At 31 May 2025	70,812		97,082		6,531		174,425

	Net book value
	At 31 May 2025	11,951		24,854		32,653		69,458
	At 31 May 2024	17,468		33,029		-		50,497


4	Debtors					2025		2024
£							£

	Other debtors- deposit with landlord					271,530		250,999


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,886		10,886
	Obligations under finance lease and hire purchase contracts					8,400		-
	Trade creditors					63,634		51,533
	Taxation and social security costs					48,462		37,612
	Other creditors					29,109		16,935
						160,491		116,966


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					860		10,695
	Obligations under finance lease and hire purchase contracts					28,000		-
						28,860		10,695


7	Other information

	GORNER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	28 High Street
	Godalming
	Surrey
	GU7 1DZ