Gloucestershire Enterprise Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02551923

Gloucestershire Enterprise Limited

Company Limited by Guarantee

Filleted Financial Statements

31 March 2025

Gloucestershire Enterprise Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Gloucestershire Enterprise Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	7	12,524	7,645

Current assets

Debtors	8	127,623	159,639
Cash at bank and in hand		991,083	1,109,851
		------------	------------
		1,118,706	1,269,490

Creditors: amounts falling due within one year	9	121,896	140,887
		------------	------------
Net current assets		996,810	1,128,603
		------------	------------
Total assets less current liabilities		1,009,334	1,136,248
		------------	------------
Net assets		1,009,334	1,136,248
		------------	------------

Capital and reserves

Profit and loss account	1,009,334	1,136,248
	------------	------------
Members funds	1,009,334	1,136,248
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 13 October 2025 , and are signed on behalf of the board by:

Mr K M Holt

Director

Company registration number: 02551923

Gloucestershire Enterprise Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Unit 3 Twigworth Business Centre, Tewkesbury Road, Twigworth, Gloucester, Engalnd, GL2 9PG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Computer software	-	20 % straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Short leasehold property	-	20% straight line
Fixtures and fittings	-	20% straight line
Equipment	-	`20.0% to 50.0% Straight line`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Company limited by guarantee

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

6. Intangible assets

	Computer Software
	£
Cost
At 1 April 2024 and 31 March 2025	56,768
	--------
Amortisation
At 1 April 2024 and 31 March 2025	56,768
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

7. Tangible assets

	Short leasehold property	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	10,580	9,983	19,168	39,731
Additions	–	–	9,369	9,369
	--------	-------	--------	--------
At 31 March 2025	10,580	9,983	28,537	49,100
	--------	-------	--------	--------
Depreciation
At 1 April 2024	4,232	9,429	18,425	32,086
Charge for the year	2,116	180	2,194	4,490
	--------	-------	--------	--------
At 31 March 2025	6,348	9,609	20,619	36,576
	--------	-------	--------	--------
Carrying amount
At 31 March 2025	4,232	374	7,918	12,524
	--------	-------	--------	--------
At 31 March 2024	6,348	554	743	7,645
	--------	-------	--------	--------

8. Debtors

	2025	2024
	£	£
Trade debtors	12,173	14,290
Other debtors	115,450	145,349
	---------	---------
	127,623	159,639
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,813	23,238
Corporation tax	5,016	–
Social security and other taxes	7,356	7,384
Other creditors	1,870	6,066
Other creditors	101,841	104,199
	---------	---------
	121,896	140,887
	---------	---------

10. Summary audit opinion

The auditor's report dated 13 October 2025 was unqualified .

The senior statutory auditor was James Harper , for and on behalf of Harper Sheldon Limited .