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Registration number: 04635410

Ian Gosling Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

Ian Gosling Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Ian Gosling Limited

Company Information

Director | P. W. Abraham

Registered office | Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Accountants | Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Ian Gosling Limited

(Registration number: 04635410)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Intangible assets | 4 | 67,500 | -
Tangible assets | 5 | 244,905 | 235,482
|  | 312,405 | 235,482
Current assets |  |  |
Stocks | 6 | 95,513 | 109,750
Debtors | 7 | 285,729 | 401,174
Cash at bank and in hand |  | 28,525 | 59,100
|  | 409,767 | 570,024
Creditors: Amounts falling due within one year | 8 | (340,073) | (413,132)
Net current assets |  | 69,694 | 156,892
Total assets less current liabilities |  | 382,099 | 392,374
Creditors: Amounts falling due after more than one year | 8 | (127,175) | (121,196)
Provisions for liabilities |  | (38,169) | (24,756)
Net assets |  | 216,755 | 246,422
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 216,655 | 246,322
Shareholders' funds |  | 216,755 | 246,422

Ian Gosling Limited

(Registration number: 04635410)
Balance Sheet as at 31 January 2026

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the director on 11 August 2026

......................................... P. W. Abraham Director

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the director on 11 August 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 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 financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 5% straight line
Computer equipment | 20% straight line
Motor vehicles | 20% reducing balance
Plant and machinery | 25% reducing balance

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.

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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 | 10 years

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 debtors.

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 comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks 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 the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Borrowings

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2025 - 12).

4 | Intangible assets

| Goodwill £ | Total £
Cost
At 1 February 2025 | 117,000 | 117,000
Additions acquired separately | 75,000 | 75,000
At 31 January 2026 | 192,000 | 192,000
Amortisation
At 1 February 2025 | 117,000 | 117,000
Amortisation charge | 7,500 | 7,500
At 31 January 2026 | 124,500 | 124,500
Carrying amount
At 31 January 2026 | 67,500 | 67,500
At 31 January 2025 | - | -

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5 | Tangible assets

| Leasehold improvements £ | Computer equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost
At 1 February 2025 | 36,000 | 16,075 | 393,226 | 16,603 | 461,904
Additions | - | - | 74,230 | - | 74,230
Disposals | - | - | (59,301) | - | (59,301)
At 31 January 2026 | 36,000 | 16,075 | 408,155 | 16,603 | 476,833
Depreciation
At 1 February 2025 | 9,000 | 14,334 | 194,154 | 8,934 | 226,422
Charge for the year | 1,800 | 574 | 36,555 | 1,829 | 40,758
Eliminated on disposal | - | - | (35,252) | - | (35,252)
At 31 January 2026 | 10,800 | 14,908 | 195,457 | 10,763 | 231,928
Carrying amount
At 31 January 2026 | 25,200 | 1,167 | 212,698 | 5,840 | 244,905
At 31 January 2025 | 27,000 | 1,741 | 199,072 | 7,669 | 235,482

6 | Stocks

| 2026 £ | 2025 £
Finished goods and goods for resale | 95,513 | 109,750

7 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 266,869 | 300,930
Prepayments | 16,596 | 15,606
Other debtors | 2,264 | 84,638
| 285,729 | 401,174

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 10 | 63,202 | 53,096
Trade creditors |  | 160,429 | 207,700
Taxation and social security |  | 111,799 | 142,205
Accruals and deferred income |  | 3,000 | 3,000
Other creditors |  | 1,643 | 7,131
|  | 340,073 | 413,132

Creditors include net obligations under hire purchase contracts which are secured of £39,202 (2025 - £21,096).

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 10 | 127,175 | 121,196

Creditors include net obligations under hire purchase contracts which are secured of £127,175 (2025 - £97,196).

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 50 | 50 | 50 | 50
Ordinary A shares of £1 each | 3 | 3 | 3 | 3
Ordinary B shares of £1 each | 47 | 47 | 47 | 47
| 100 | 100 | 100 | 100

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

10 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | - | 24,000
Hire purchase contracts | 127,175 | 97,196
| 127,175 | 121,196

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 24,000 | 32,000
Hire purchase contracts | 39,202 | 21,096
| 63,202 | 53,096

11 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2026 £ | 2025 £
Not later than one year | 30,000 | 30,000
Later than one year and not later than five years | - | 30,000
| 30,000 | 60,000

Ian Gosling Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

12 | Related party transactions

Transactions with the director

2026 | At 1 February 2025 £ | Advances to director £ | Repayments by director £ | At 31 January 2026 £
P. W. Abraham
Loan account | 84,639 | 11,637 | (96,276) | -

2025 | At 1 February 2024 £ | Advances to director £ | Repayments by director £ | At 31 January 2025 £
P. W. Abraham
Loan account | 50,337 | 87,309 | (53,007) | 84,639

Summary of transactions with other related parties

I. M. Gosling and L. J. Gosling, directors of Ian Gosling Limited until 4 April 2025, are beneficiaries of The Gosling Trust Pension Scheme. During the year Ian Gosling Limited paid rent of £35,310 (2025 - £34,000) to The Gosling Trust Pension Scheme.
During the year, a director received dividends amounting to £17,456 (2025 - £275,707).