REGISTERED NUMBER: 07044815 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Messrs J G Gardhouse Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J G Gardhouse

Mrs E A Gardhouse

Mr J D Gardhouse

Mrs V L Gardhouse

REGISTERED OFFICE:

Nook House Farm

Cumdivock

Dalston

Carlisle

Cumbria

CA5 7JL

REGISTERED NUMBER:

07044815 (England and Wales)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Tangible assets

4

727,578

709,145

CURRENT ASSETS

Stocks

35,700

65,950

Debtors

5

46,021

34,937

Investments

6

58,567

53,920

Cash at bank

6,261

8,165

146,549

162,972

CREDITORS

Amounts falling due within one year

7

166,960

258,143

NET CURRENT LIABILITIES

(20,411

)

(95,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

707,167

613,974

CREDITORS

Amounts falling due after more than one year

8

(24,747

)

(91,034

)

PROVISIONS FOR LIABILITIES

(158,193

)

(109,119

)

NET ASSETS

524,227

413,821

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

523,927

413,521

SHAREHOLDERS' FUNDS

524,227

413,821

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by:

Mr J G Gardhouse - Director

Mrs E A Gardhouse - Director

Mr J D Gardhouse - Director

Mrs V L Gardhouse - Director

1.	STATUTORY INFORMATION

Messrs J G Gardhouse 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

140,461

1,017,321

1,157,782

Additions

-

125,615

125,615

Disposals

-

(4,945

)

(4,945

)

At 31 March 2025

140,461

1,137,991

1,278,452

DEPRECIATION

At 1 April 2024

-

448,637

448,637

Charge for year

-

103,609

103,609

Eliminated on disposal

-

(1,372

)

(1,372

)

At 31 March 2025

-

550,874

550,874

NET BOOK VALUE

At 31 March 2025

140,461

587,117

727,578

At 31 March 2024

140,461

568,684

709,145

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

Additions

77,000

At 31 March 2025

77,000

DEPRECIATION

At 1 April 2024

4,884

Charge for year

11,550

Transfer to ownership

(4,884

)

At 31 March 2025

11,550

NET BOOK VALUE

At 31 March 2025

65,450

At 31 March 2024

(4,884

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

39,010

32,672

Other debtors

7,011

2,265

46,021

34,937

6.	CURRENT ASSET INVESTMENTS

31/3/25

31/3/24

£

£

Other investment

58,567

53,920

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,811

4,483

Hire purchase contracts

26,042

-

Trade creditors

30,910

28,066

Taxation and social security

54,023

-

Other creditors

45,174

225,594

166,960

258,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

13,896

91,034

Hire purchase contracts

10,851

-

24,747

91,034

9.	SECURED DEBTS

A debenture was created on 1 February 2010 securing all money and liabilities, whatever, whenever and howsoever incurred by the Company whether now or in the future to HSBC Bank PLC.

10.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the partnership Messrs J G Gardhouse, a business in which the directors are also partners. The balance of this loan account at the year end was £42,809 (2024 - £223,444). This loan is unsecured, interest free and repayable on demand.