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Registered number: 10933539
The Gunsmiths Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
Prepared By:
Keith Miller Accountancy Services Ltd
Accountants
The Gunsmiths Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
DIRECTORS
Marcus David Simpson
REGISTERED OFFICE
Wittering Grange Farm
Leicester Road, Wansford
Peterborough
PE8 6NR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10933539
BANKERS
Barclays Bank
ACCOUNTANTS
Keith Miller Accountancy Services Ltd
Accountants
The Gunsmiths Limited
ACCOUNTS
FOR THEYEARENDED31/12/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
The Gunsmiths Limited
BALANCE SHEET AT 31/12/2025
20252024
Notes££
FIXED ASSETS
Tangible assets318,85034,560
CURRENT ASSETS
Stock781,333664,730
Debtors589,48069,560
Cash at bank and in hand182,614190,403
1,053,427924,693
CREDITORS: Amounts falling due within one year6635,518563,655
NET CURRENT ASSETS417,909361,038
TOTAL ASSETS LESS CURRENT LIABILITIES436,759395,598
PROVISIONS FOR LIABILITIES AND CHARGES74,7128,640
NET ASSETS432,047386,958
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account431,947386,858
SHAREHOLDERS' FUNDS432,047386,958
For the year ending 31/12/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/08/2026 and signed on their behalf by
.............................
Marcus David Simpson
Director
The Gunsmiths Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20252024
No.No.
Average number of employees44
The Gunsmiths Limited
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/01/202534,58357,52592,108
Additions1,665-1,665
At 31/12/202536,24857,52593,773
Depreciation
At 01/01/202528,78628,76257,548
For the year2,99414,38117,375
At 31/12/202531,78043,14374,923
Net Book Amounts
At 31/12/20254,46814,38218,850
At 31/12/20245,79728,76334,560
4. STOCK 20252024
££
Stock comprises:
Stock781,333664,730
781,333664,730
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors88,47268,552
Directors current account - MJS1,0081,008
89,48069,560
The Gunsmiths Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax29,82434,157
VAT7,56919,897
PAYE control5,5332,276
Directors current account - MDS 357,375338,074
Trade creditors232,845167,064
Other creditors372187
Accruals2,0002,000
635,518563,655
7. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation4,7128,640
4,7128,640
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100