REGISTERED NUMBER: 01107437 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

David Gundry Upholstery Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Gundry

Mr P Gundry

REGISTERED OFFICE:

Harrington Mills

Leopold Street

Long Eaton

Nottingham

Nottinghamshire

NG10 4QE

REGISTERED NUMBER:

01107437 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Tangible assets

4

40,870

60,491

Investments

5

101,375

101,375

142,245

161,866

CURRENT ASSETS

Stocks

27,360

30,010

Debtors

87,312

98,939

Cash at bank

55,753

66,264

170,425

195,213

CREDITORS

Amounts falling due within one year

236,199

215,105

NET CURRENT LIABILITIES

(65,774

)

(19,892

)

TOTAL ASSETS LESS CURRENT LIABILITIES

76,471

141,974

CREDITORS

Amounts falling due after more than one year

(20,507

)

(46,898

)

PROVISIONS FOR LIABILITIES

(9,272

)

(13,447

)

NET ASSETS

46,692

81,629

CAPITAL AND RESERVES

Called up share capital

7

551

551

Retained earnings

46,141

81,078

SHAREHOLDERS' FUNDS

46,692

81,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

Mr P Gundry - Director

1.	STATUTORY INFORMATION

David Gundry Upholstery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

199,129

Disposals

(19,500

)

At 31 March 2025

179,629

DEPRECIATION

At 1 April 2024

138,638

Charge for year

11,394

Eliminated on disposal

(11,273

)

At 31 March 2025

138,759

NET BOOK VALUE

At 31 March 2025

40,870

At 31 March 2024

60,491

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

47,380

DEPRECIATION

At 1 April 2024

11,845

Charge for year

8,884

At 31 March 2025

20,729

NET BOOK VALUE

At 31 March 2025

26,651

At 31 March 2024

35,535

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Shares in related companies

101,375

101,375

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

29,398

37,630

Amounts due under hire purchase agreements are secured on the assets to which they relate.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

500

Ordinary

£1

500

500

50

Ordinary 'A'

£1

50

50

1

Ordinary 'B'

£1

1

1

551

551

8.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

53,352

21,445