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Gelston Cross Ltd
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Notes to the financial statements
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for the year ended 31 January 2026
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1
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Company information
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Gelston Cross Ltd is a private company registered in England and Wales. Its registered number is 11877441. The company is limited by shares. Its registered office is Fox Farmhouse, 12 Gelston, Grantham, NG32 2AE.
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2
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Accounting policies
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Basis of preparing the financial statements
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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 historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
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The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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3
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Average number of employees
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During the year the average number of employees was 2 (2025 - 2).
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4
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Advances, credit and guarantees granted to directors
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The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025.
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2026
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2025
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£
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£
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C W Rimmer
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Balance outstanding at start of year
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7,426
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-
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Amounts advanced
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227
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-
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Balance outstanding at end of year
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7,653
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-
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The company guarantees to repay the interest free loan advanced by the Director to the company as a consequence of unpaid business travelling expenses incurred in a private vehicle.
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3
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