REGISTERED NUMBER: 04701051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

K GATHERCOLE & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Claydon

C Gathercole

Mrs J Claydon

Mrs C L Gathercole

REGISTERED OFFICE:

Unit 2b Cligga Head Ind Est

St. Georges Hill

Perranporth

Cornwall

TR6 0EB

REGISTERED NUMBER:

04701051 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

501,604

437,059

501,604

437,059

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

6

128,674

127,137

Cash at bank and in hand

191,812

218,864

322,986

348,501

CREDITORS

Amounts falling due within one year

7

148,377

190,733

NET CURRENT ASSETS

174,609

157,768

TOTAL ASSETS LESS CURRENT LIABILITIES

676,213

594,827

CREDITORS

Amounts falling due after more than one year

8

-

(10,000

)

PROVISIONS FOR LIABILITIES

(123,395

)

(109,265

)

NET ASSETS

552,818

475,562

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

552,718

475,560

SHAREHOLDERS' FUNDS

552,818

475,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 7 July 2026 and were signed on its behalf by:

C Gathercole - Director

S Claydon - Director

1.	STATUTORY INFORMATION

K Gathercole & Son 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover

Turnover represents net invoiced sale of goods and services, excluding value added tax.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

30,000

AMORTISATION

At 1 April 2025

and 31 March 2026

30,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2025

1,120,064

11,111

1,131,175

Additions

168,753

2,308

171,061

Disposals

(26,745

)

-

(26,745

)

At 31 March 2026

1,262,072

13,419

1,275,491

DEPRECIATION

At 1 April 2025

690,027

4,089

694,116

Charge for year

87,759

2,332

90,091

Eliminated on disposal

(10,320

)

-

(10,320

)

At 31 March 2026

767,466

6,421

773,887

NET BOOK VALUE

At 31 March 2026

494,606

6,998

501,604

At 31 March 2025

430,037

7,022

437,059

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

123,471

122,092

Other debtors

98

-

Prepayments and accrued income

5,105

5,045

128,674

127,137

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

8,823

37,339

Other creditors

53,780

56,715

Tax

47,858

57,508

Social security and other taxes

26,346

28,181

Accrued expenses

1,570

990

148,377

190,733

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

10,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

-

17,156

10.	RELATED PARTY DISCLOSURES

The company is controlled by its directors, Mr & Mrs C J Gathercole and Mr & Mrs S Claydon, by virtue of the fact that they own 100% of the company's ordinary issued share capital.