5455473falsethe sale of domestic appliances2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 5455473
Gary Etheridge Domestic Appliances Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Gary Etheridge Domestic Appliances Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
G B Etheridge
SECRETARY
Miss G M Mitchinson
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 5455473
BANKERS
Bank of Scotland Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Gary Etheridge Domestic Appliances Limited
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Gary Etheridge Domestic Appliances Limited
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets22,0672,162
CURRENT ASSETS
Stock107,499100,415
Debtors38,67220,010
Current Asset Investments429,56828,863
145,739149,288
CREDITORS: Amounts falling due within one year5102,543103,295
NET CURRENT ASSETS43,19645,993
TOTAL ASSETS LESS CURRENT LIABILITIES45,26348,155
CREDITORS: Amounts falling due after more than one year62,00010,000
NET ASSETS43,26338,155
CAPITAL AND RESERVES
Called up share capital100100
Profit and loss account43,16338,055
SHAREHOLDERS' FUNDS43,26338,155
For the year ending 31/03/2025 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/07/2025 and signed on their behalf by
.............................
G B Etheridge
Director
Gary Etheridge Domestic Appliances Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer Equipmentreducing balance 25%
Motor Vehiclesreducing balance 25%
1c. Stocks
Stock is valued at the lower of cost and net estimated selling price less selling costs. Cost is based on the weighted average purchase price.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Invoices are raised upon the despatch of goods and the provision of services.
Gary Etheridge Domestic Appliances Limited
1g. Leases
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the agreement.
All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Computer
EquipmentMotor VehiclesTotal
£££
Cost
At 01/04/20245,28030,83736,117
Additions594-594
At 31/03/20255,87430,83736,711
Depreciation
At 01/04/20244,65629,29933,955
For the year689-689
At 31/03/20255,34529,29934,644
Net Book Amounts
At 31/03/20255291,5382,067
At 31/03/20246241,5382,162
3. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors-2,883
Prepayments3,750-
Directors current account4,92217,127
8,67220,010
4. CURRENT ASSET INVESTMENTS
20252024
££
Investment in buying group29,56828,863
29,56828,863
The investment above is measured at fair value at each balance sheet date, with changes recognised in the profit and loss account.
Gary Etheridge Domestic Appliances Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax22,73422,525
VAT4,8227,889
Bank loans and overdrafts14,98116,534
Bank loans (unsecured)8,0008,000
Trade creditors49,10645,447
Accruals2,9002,900
102,543103,295
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr2,00010,000
2,00010,000
7. SECURED CREDITORS
20252024
££
Amount of bank loans and overdrafts which are secured14,98116,534
8. EMPLOYEES
20252024
No.No.
Average number of employees44
Gary Etheridge Domestic Appliances Limited
9. RELATED PARTY TRANSACTIONS
A salary of £9,106 was paid to the director during the year (2024 - £9,096). A salary of £8,348 was paid to an owner holding a participating interest during the year (2024 - £9,096).
Total dividends of £72,000 were paid to the director and an owner holding a participating interest during the year (2024 - £82,000).
At the balance sheet date total loans of £4,922 were owed to the company by the director and an owner holding a participating interest (2024 - £17,127). The loans are unsecured, interest free and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 05455473.
The company's registered office is 6 Brunswick Street, Carlisle CA1 1PN.
11. TRANSACTIONS WITH DIRECTORS
At 1 April 2023 a loan of £17,127 was owed to the company by the director an an owner holding a participating interest which was repaid in full. Further net advances of £4,922 were made during the year and remain outstanding at the balance sheet date.
The loan is unsecured, interest free and repayable on demand.