Gosport Home Improvements Limited 04468696 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is that of the manufacture and installation of double glazing and conservatories Digita Accounts Production Advanced 6.30.9574.0 true 04468696 2025-04-01 2026-03-31 04468696 2026-03-31 04468696 bus:OrdinaryShareClass1 2026-03-31 04468696 bus:OrdinaryShareClass2 2026-03-31 04468696 core:CurrentFinancialInstruments 2026-03-31 04468696 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 04468696 core:FurnitureFittingsToolsEquipment 2026-03-31 04468696 core:MotorVehicles 2026-03-31 04468696 core:OtherPropertyPlantEquipment 2026-03-31 04468696 bus:SmallEntities 2025-04-01 2026-03-31 04468696 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 04468696 bus:FilletedAccounts 2025-04-01 2026-03-31 04468696 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04468696 bus:RegisteredOffice 2025-04-01 2026-03-31 04468696 bus:CompanySecretaryDirector1 2025-04-01 2026-03-31 04468696 bus:Director2 2025-04-01 2026-03-31 04468696 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 04468696 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 04468696 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04468696 bus:Agent1 2025-04-01 2026-03-31 04468696 core:Goodwill 2025-04-01 2026-03-31 04468696 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 04468696 core:MotorVehicles 2025-04-01 2026-03-31 04468696 core:OfficeEquipment 2025-04-01 2026-03-31 04468696 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 04468696 core:PlantMachinery 2025-04-01 2026-03-31 04468696 countries:EnglandWales 2025-04-01 2026-03-31 04468696 2025-03-31 04468696 core:FurnitureFittingsToolsEquipment 2025-03-31 04468696 core:MotorVehicles 2025-03-31 04468696 core:OtherPropertyPlantEquipment 2025-03-31 04468696 2024-04-01 2025-03-31 04468696 2025-03-31 04468696 bus:OrdinaryShareClass1 2025-03-31 04468696 bus:OrdinaryShareClass2 2025-03-31 04468696 core:CurrentFinancialInstruments 2025-03-31 04468696 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04468696 core:FurnitureFittingsToolsEquipment 2025-03-31 04468696 core:MotorVehicles 2025-03-31 04468696 core:OtherPropertyPlantEquipment 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04468696

Gosport Home Improvements Limited
Unaudited Abridged Financial Statements
for the Year Ended 31 March 2026

Gosport Home Improvements Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 9

Gosport Home Improvements Limited

Company Information

Directors | Mr. G. Brown Mr. R. Coulbert

Company secretary | Mr. G. Brown

Registered office | 2 Cranbourne Road Gosport Hampshire PO12 1RJ

Accountants | Palmer, Riley & Co. Chartered Accountants1st Floor, Unit E2 Fareham Heights Standard Way Fareham Hampshire PO16 8XT

Gosport Home Improvements Limited

(Registration number: 04468696)
Abridged Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 5 | 46,025 | 49,155
Current assets |  |  |
Stocks | 6 | 43,200 | 45,400
Debtors |  | 113,312 | 100,706
Cash at bank and in hand |  | 1,436,282 | 1,493,618
|  | 1,592,794 | 1,639,724
Prepayments and accrued income |  | 2,537 | 14,659
Creditors: Amounts falling due within one year |  | (274,816) | (257,941)
Net current assets |  | 1,320,515 | 1,396,442
Total assets less current liabilities |  | 1,366,540 | 1,445,597
Provisions for liabilities |  | (11,506) | (12,289)
Accruals and deferred income |  | (6,440) | (14,310)
Net assets |  | 1,348,594 | 1,418,998
Capital and reserves |  |  |
Called up share capital | 7 | 300 | 300
Retained earnings |  | 1,348,294 | 1,418,698
Shareholders' funds |  | 1,348,594 | 1,418,998

Gosport Home Improvements Limited

(Registration number: 04468696)
Abridged Balance Sheet as at 31 March 2026

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 9 June 2026 and signed on its behalf by:

......................................... Mr. G. Brown Company secretary and director

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Gosport Home Improvements Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Cranbourne Road
Gosport
Hampshire
PO12 1RJ

The principal place of business is:
2 Cranbourne Road
Gosport
Hampshire
PO12 1RJ

These financial statements were authorised for issue by the Board on 9 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Gosport Home Improvements Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% per annum on net book value
Motor vehicles | 25% per annum on net book value
Office equipment | 15% per annum on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Gosport Home Improvements Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 5% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Gosport Home Improvements Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2025 - 20).

Gosport Home Improvements Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

4 | Intangible assets

| Total £
Cost or valuation
At 1 April 2025 | 53,016
At 31 March 2026 | 53,016
Amortisation
At 1 April 2025 | 53,016
At 31 March 2026 | 53,016
Carrying amount
At 31 March 2026 | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Plant & equipment £ | Total £
Cost or valuation
At 1 April 2025 | 5,508 | 32,233 | 143,183 | 180,924
Additions | 565 | 8,000 | - | 8,565
Disposals | (506) | (4,483) | (4,555) | (9,544)
At 31 March 2026 | 5,567 | 35,750 | 138,628 | 179,945
Depreciation
At 1 April 2025 | 4,711 | 16,773 | 110,285 | 131,769
Charge for the year | 188 | 5,715 | 4,914 | 10,817
Eliminated on disposal | (376) | (3,885) | (4,405) | (8,666)
At 31 March 2026 | 4,523 | 18,603 | 110,794 | 133,920
Carrying amount
At 31 March 2026 | 1,044 | 17,147 | 27,834 | 46,025
At 31 March 2025 | 797 | 15,460 | 32,898 | 49,155

Gosport Home Improvements Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

6 | Stocks

| 2026 £ | 2025 £
Other inventories | 43,200 | 45,400

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 200 | 200
'A' non-voting ordinary of £1 each | 100 | 100 | 100 | 100
| 300 | 300 | 300 | 300