Gaskell Safety Ltd - Filleted accounts

Registered number

11372905

Gaskell Safety Ltd

Filleted Accounts

31 May 2026

Gaskell Safety Ltd
Registered number:		11372905
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		4,130			13,060

Current assets
Stocks		76,000			56,000
Debtors	4	62,372			183,150
Cash at bank and in hand		12,113			2,159
		150,485			241,309

Creditors: amounts falling due within one year	5	(119,435)			(133,847)

Net current assets			31,050			107,462

Total assets less current liabilities			35,180			120,522

Creditors: amounts falling due after more than one year	6		(11,567)			(30,635)



Net assets			23,613			89,887

Capital and reserves
Called up share capital			160			200
Share premium			34,841			24,801
Profit and loss account			(11,388)			64,886

Shareholders' funds			23,613			89,887

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr A Gaskell
Director
Approved by the board on 11 September 2026

Gaskell Safety Ltd
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% on straight line
	Motor vehicles	15% on straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			11		10


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	11,958		20,323		32,281
	Additions	2,382		-		2,382
	Disposals	-		(20,323)		(20,323)
	At 31 May 2026	14,340		-		14,340

	Depreciation
	At 1 June 2025	9,102		10,119		19,221
	Charge for the year	1,108		-		1,108
	On disposals	-		(10,119)		(10,119)
	At 31 May 2026	10,210		-		10,210

	Net book value
	At 31 May 2026	4,130		-		4,130
	At 31 May 2025	2,856		10,204		13,060


4	Debtors			2026		2025
£					£

	Trade debtors			60,073		73,780
	Other debtors			2,299		109,370
				62,372		183,150


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			18,044		46,097
	Obligations under finance lease and hire purchase contracts			-		4,253
	Trade creditors			21,978		14,575
	Taxation and social security costs			41,215		65,587
	Other creditors			38,198		3,335
				119,435		133,847


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			11,567		25,196
	Obligations under finance lease and hire purchase contracts			-		5,439
				11,567		30,635


7	Related party transactions

	At the balance sheet date, £11,389 was owed by the company to NUB Creative Ltd, a company in which Mr A Gaskell is a director and shareholder.


8	Controlling party

	The Company is controlled by Mr A Gaskell by virtue of his shareholdings


9	Other information

	Gaskell Safety Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit C4 Beeches Park
	Eastern Avenue
	Burton on Trent
	Staffordshire
	DE13 OBB