REGISTERED NUMBER: 05289281 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VERNON GOSLING FRIDAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Gosling

T M Friday

REGISTERED OFFICE:

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

REGISTERED NUMBER:

05289281 (England and Wales)

ACCOUNTANTS:

Vernon Gosling Friday Limited

10 Beech Court

Wokingham Road

Hurst

Reading

Berkshire

RG10 0RQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

139,541

166,560

139,541

166,560

CURRENT ASSETS

Stocks

-

25,000

Debtors

6

589,674

530,017

Prepayments and accrued income

34,689

28,951

Cash at bank and in hand

78,534

87,940

702,897

671,908

CREDITORS

Amounts falling due within one year

7

414,293

369,969

NET CURRENT ASSETS

288,604

301,939

TOTAL ASSETS LESS CURRENT LIABILITIES

428,145

468,499

CREDITORS

Amounts falling due after more than one year

8

(117,702

)

(162,164

)

PROVISIONS FOR LIABILITIES

(34,885

)

(41,640

)

NET ASSETS

275,558

264,695

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

275,458

264,595

SHAREHOLDERS' FUNDS

275,558

264,695

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:

J A Gosling - Director

1.	STATUTORY INFORMATION

Vernon Gosling Friday 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with acquisitions is being amortised evenly over their estimated useful life.

2007 - Ten years

2016 onwards - Five years

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 etc

-

20% on cost and 10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

and 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

263,687

Additions

10,555

Disposals

(36,312

)

At 31 March 2025

237,930

DEPRECIATION

At 1 April 2024

97,127

Charge for year

37,574

Eliminated on disposal

(36,312

)

At 31 March 2025

98,389

NET BOOK VALUE

At 31 March 2025

139,541

At 31 March 2024

166,560

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

590,633

513,289

Other debtors

(959

)

16,728

589,674

530,017

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,680

17,680

Hire purchase contracts

25,015

25,015

Trade creditors

5,061

6,976

Taxation and social security

226,862

222,079

Other creditors

139,675

98,219

414,293

369,969

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

22,597

42,044

Hire purchase contracts

95,105

120,120

117,702

162,164

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

-

20,059