Registration number:
for the Year Ended
Chartered Accountants
Registration number:
for the Year Ended
Chartered Accountants
Gellert Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Gellert Limited
Company Information
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Directors |
Mr M Green Mrs S E Green Mr R P Green Mr G J Green |
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Company secretary |
Mrs S E Green |
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Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Gellert Limitedfor 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 Gellert Limited for the year ended 31 December 2025 as set out on pages 3 to 9 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Gellert Limited, as a body, in accordance with the terms of our engagement letter dated 23 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Gellert Limited and state those matters that we have agreed to state to the Board of Directors of Gellert 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 Gellert Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Gellert 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 loss of Gellert Limited. You consider that Gellert 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 Gellert 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.
Chartered Accountants
34 High East Street
Dorchester
Dorset
DT1 1HA
Gellert Limited
(Registration number: 02533326)
Balance Sheet as at 31 December 2025
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Note |
2025 |
(As restated) |
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£ |
£ |
£ |
£ |
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Fixed assets |
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Tangible assets |
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Investment property |
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Other financial assets |
19,426 |
8,132 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Fair value reserve |
112,498 |
175,951 |
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Profit and loss account |
422,453 |
364,673 |
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Shareholders' funds |
535,951 |
541,624 |
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For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been 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
Gellert Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Unit 4C, Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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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 except that as disclosed in the accounting policies certain items are shown at fair value.
Gellert Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
Prior period errors
Impairment of stock
Relating to the current period disclosed in these financial statements | Relating to the prior period disclosed in these financial statements | Relating to periods before the prior period disclosed in these financial statements | |
Closing stock | - | - | 57,375 |
The accounts have been restated to reflect the full impairment of a stock item down to £Nil value (previously carried at a value of £57,375), as when preparing the accounts to 31 December 2025, it was discovered that an event in 2021 resulted in the item no longer meeting the requirement to be recognised as an asset in the accounts.
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 sales/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.
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, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% reducing balance |
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Fixtures, fittings and equipment |
25% reducing balance |
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Moulds |
25% reducing balance |
Investment property
Investments
Listed investments are carried at fair value. Changes in fair value are recognised in profit or loss.
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.
Gellert Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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 may subsequently be measured less a 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 receivables.
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 and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories 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 profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 may subsequently be measured at amortised cost.
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Gellert Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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Tangible assets |
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Fixtures and fittings |
Moulds |
Plant and machinery |
Total |
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Cost |
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At 1 January 2025 |
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Additions |
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- |
- |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Investment properties |
Fair value
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2025 |
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At 1 January |
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Fair value adjustments |
( |
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At 31 December |
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The investment property is reflected in the accounts at its estimated open market value at the year end, as determined by the company's directors.
There has been no valuation of investment property by an independent valuer.
Gellert Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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Other financial assets |
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Financial assets at fair value through profit and loss |
Total |
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Listed investments |
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Fair value |
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At 1 January 2025 |
8,132 |
8,132 |
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Fair value adjustments |
11,294 |
11,294 |
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At 31 December 2025 |
19,426 |
19,426 |
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Carrying amount |
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At 31 December 2025 |
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19,426 |
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At 31 December 2024 |
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8,132 |
The historic cost of listed investments was £10,000 (2024 - £10,000).
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Stocks |
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2025 |
(As restated) |
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Finished goods and goods for resale |
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Debtors |
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Current |
2025 |
2024 |
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Prepayments |
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- |
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Other debtors |
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Details of non-current trade and other debtors
£347,444 (2024 -£257,444) of other debtors is classified as non current. The non current element of other debtors is a loan that is receivable after more than one year.
Gellert Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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- |
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Other taxation and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |