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Company Registration No. 02965774 (England and Wales)
Rod Gaskin Limited Unaudited accounts for the year ended 31 December 2025
Rod Gaskin Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Rod Gaskin Limited Company Information for the year ended 31 December 2025
Directors
R F Gaskin B D Gaskin T A Gaskin
Company Number
02965774 (England and Wales)
Registered Office
Windmill Farm Colemore Alton Hampshire GU34 3PY
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Rod Gaskin Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
839,409
888,118
Current assets
Inventories
5
1,397,843
1,327,785
Debtors
6
687,800
567,695
Cash at bank and in hand
1,028,259
1,149,060
3,113,902
3,044,540
Creditors: amounts falling due within one year
7
(1,416,611)
(1,647,357)
Net current assets
1,697,291
1,397,183
Total assets less current liabilities
2,536,700
2,285,301
Creditors: amounts falling due after more than one year
8
(13,990)
(39,041)
Provisions for liabilities
Deferred tax
9
(88,500)
(97,500)
Net assets
2,434,210
2,148,760
Capital and reserves
Called up share capital
26,022
26,022
Capital redemption reserve
2,000
2,000
Profit and loss account
2,406,188
2,120,738
Shareholders' funds
2,434,210
2,148,760
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by
T A Gaskin Director Company Registration No. 02965774
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Rod Gaskin Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Rod Gaskin Limited is a private company, limited by shares, registered in England and Wales, registration number 02965774. The registered office is Windmill Farm, Colemore, Alton, Hampshire, GU34 3PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years
Plant & machinery
5 years
Motor vehicles
5 years
Computer equipment
3 years
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Rod Gaskin Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
499,201
264,148
489,989
1,253,338
Additions
-
9,747
88,364
98,111
Disposals
(2,395)
(79,538)
(27,000)
(108,933)
At 31 December 2025
496,806
194,357
551,353
1,242,516
Depreciation
At 1 January 2025
14,241
112,475
238,504
365,220
Charge for the year
8,800
37,755
89,754
136,309
On disposals
(265)
(71,890)
(26,267)
(98,422)
At 31 December 2025
22,776
78,340
301,991
403,107
Net book value
At 31 December 2025
474,030
116,017
249,362
839,409
At 31 December 2024
484,960
151,673
251,485
888,118
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
184,339
191,146
5
Inventories
2025
2024
£
£
Finished goods
1,397,843
1,327,785
1,397,843
1,327,785
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
338,849
428,466
Amounts due from group undertakings etc.
324,148
128,724
Accrued income and prepayments
24,803
10,505
687,800
567,695
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Rod Gaskin Limited Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
54,576
53,580
Trade creditors
1,109,531
1,306,448
Taxes and social security
206,097
260,383
Loans from directors
46,407
26,946
1,416,611
1,647,357
Obligations under finance leases and hire purchase contracts are secured on the relevant assets. The company granted a fixed and floating charge on 12 December 2024 to secure amounts due to Kubota (UK) Ltd. The amount due at 31 December 2025 was £926,354.
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
13,990
39,041
Obligations under finance leases and hire purchase contracts are secured on the relevant assets. These liabilities are repayable by instalments within five years.
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
88,500
97,500
2025
2024
£
£
Provision at start of year
97,500
91,000
(Credited)/charged to the profit and loss account
(9,000)
6,500
Provision at end of year
88,500
97,500
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
10
Pension commitments
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in profit and loss account when due. There were no unpaid contributions at 31 December 2025.
11
Operating lease commitments
2025
2024
£
£
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
33,000
-
Later than one year and not later than five years
16,500
-
49,500
-
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Rod Gaskin Limited Notes to the Accounts for the year ended 31 December 2025
12
Loans to directors
£28,116 was advanced to directors and repaid within the year. The maximum balance was £23,342. The advances were repayable on demand and interest was charged at the HMRC rate.
13
Transactions with related parties
Creditors include amounts owed to directors as disclosed. These amounts are repayable on demand and no interest is charged. The company rents part of its trading premises from its holding company TBR 1994 Ltd at a market rent. At 31 December 2025 TBR 1994 Ltd owed Rod Gaskin Ltd an amount on inter-company loan as disclosed. No interest was charged in the period.
14
Controlling party
Rod Gaskin Ltd is owned by TBR 1994 Ltd by virtue of its 100% shareholding. The registered office and place of business of TBR 1994 Ltd is Windmill Farm, Colemore, Alton, Hampshire GU34 3PY.
15
Average number of employees
During the year the average number of employees was 21 (2024: 21).
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