Gardner Tackle Limited - Filleted accounts

Registered number

01974007

Gardner Tackle Limited

Unaudited Filleted Accounts

31 December 2025

Gardner Tackle Limited

Company Information

Directors

Mrs M Gardner

Mr R Gardner

Mrs H Mann

Secretary

Mrs M Gardner

Accountants

Keith Graham Services Limited

Suite 2, Wesley Chambers

Queens Road

Aldershot

Hampshire

GU11 3JD

Bankers

National Westminster Bank Plc

Stocklund Square

Cranleigh

Surrey

GU6 8RQ

Registered office

Unit 7A Quadrum Park

Old Portsmouth Road, Peasmarsh

Guildford

Surrey

GU3 1LU

Registered number

01974007

Gardner Tackle Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Gardner Tackle Limited for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gardner Tackle Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en /members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Gardner Tackle Limited, as a body, in accordance with the terms of our engagement letter dated 1 December 2025. Our work has been undertaken solely to prepare for your approval the accounts of Gardner Tackle Limited and state those matters that we have agreed to state to the Board of Directors of Gardner Tackle Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gardner Tackle Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gardner Tackle Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gardner Tackle Limited. You consider that Gardner Tackle Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gardner Tackle Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Keith Graham Services Limited
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD

30 June 2026

Gardner Tackle Limited
Registered number:		01974007
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		6,695			28,994
Tangible assets	4		1,077,198			1,099,292
			1,083,893			1,128,286

Current assets
Stocks		1,294,742			1,284,525
Debtors	5	475,549			586,013
Cash at bank and in hand		546,692			502,747
		2,316,983			2,373,285

Creditors: amounts falling due within one year	6	(110,354)			(174,088)

Net current assets			2,206,629			2,199,197

Total assets less current liabilities			3,290,522			3,327,483


Provisions for liabilities			(2,887)			(2,401)


Net assets			3,287,635			3,325,082

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			3,286,635			3,324,082

Shareholders' funds			3,287,635			3,325,082

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs M Gardner
Director
Approved by the board on 30 June 2026

Gardner Tackle Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			2% straight line
	Fixtures, fittings and equipment			15%-25% straight line
	Vehicles			20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at their transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					15		15


3	Intangible fixed assets							£
	Goodwill and other intangibles:

	Cost
	At 1 January 2025							227,066
	At 31 December 2025							227,066

	Amortisation
	At 1 January 2025							198,072
	Provided during the year							22,299
	At 31 December 2025							220,371

	Net book value
	At 31 December 2025							6,695
	At 31 December 2024							28,994

	Goodwill and other intangibles are being written off in equal annual instalments over the estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Fixtures & equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2025	1,439,019		388,013		49,600		1,876,632
	Additions	-		6,086		13,995		20,081
	Disposals	-		(9,066)		(12,435)		(21,501)
	At 31 December 2025	1,439,019		385,033		51,160		1,875,212

	Depreciation
	At 1 January 2025	372,933		363,877		40,530		777,340
	Charge for the year	21,621		10,882		207		32,710
	On disposals	-		(8,928)		(3,108)		(12,036)
	At 31 December 2025	394,554		365,831		37,629		798,014

	Net book value
	At 31 December 2025	1,044,465		19,202		13,531		1,077,198
	At 31 December 2024	1,066,086		24,136		9,070		1,099,292


5	Debtors					2025		2024
£							£

	Trade debtors					251,500		373,432
	Other debtors					224,049		212,581
						475,549		586,013


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					12,128		57,012
	Taxation and social security costs					42,973		52,024
	Other creditors					55,253		65,052
						110,354		174,088


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					1,014		1,035


8	Controlling party

	The company is controlled by the Gardner Trust, an employee ownership trust, by virtue of its majority shareholding. Gardner Trust has one corporate trustee, Gardner Trustees Limited.


9	Other information

	Gardner Tackle Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 7A Quadrum Park
	Old Portsmouth Road, Peasmarsh
	Guildford
	Surrey
	GU3 1LU

10	Employee ownership

	Gardner Tackle Limited is an employee owned company, with the majority of the issued voting rights being controlled by the Gardner Trust (an employee ownership trust). The sole trustee of this trust is Gardner Trustees Limited. The directors of Gardner Trustees Limited include both internal and external appointees. The board meets quarterly to assess the profitability, planning and major capital expenditure of Gardner Tackle Limited. The Gardner Trust acquired the shares in Gardner Tackle Limited and the company has paid contributions to the Gardner Trust by way of gift. The balance of the consideration is payable over the next four years and is expected to be financed by further gifts from Gardner Tackle Limited's retained profits in future years.