Gainsborough Industrial Controls Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01846591 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Gainsborough Industrial Controls Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

L Murphy

A M Beal

SECRETARY:

L Murphy

REGISTERED OFFICE:

Alpha Works

Sandars Road

Heapham Road Ind Estate

Gainsborough

Lincolnshire

DN21 1RZ

REGISTERED NUMBER:

01846591 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Office 1

Engine House

Marshalls Yard

Gainsborough

Lincolnshire

DN21 2NA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gainsborough Industrial Controls Limited for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gainsborough Industrial Controls Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gainsborough Industrial Controls Limited and state those matters that we have agreed to state to the Board of Directors of Gainsborough Industrial Controls Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gainsborough Industrial Controls Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gainsborough Industrial Controls Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gainsborough Industrial Controls Limited. You consider that Gainsborough Industrial Controls 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 financial statements of Gainsborough Industrial Controls 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 financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Office 1

Engine House

Marshalls Yard

Gainsborough

Lincolnshire

DN21 2NA

24 November 2025

FIXED ASSETS

Tangible assets

4

862,901

874,247

Investments

5

-

372,599

862,901

1,246,846

CURRENT ASSETS

Stocks

1,773,550

1,787,354

Debtors

6

2,044,224

1,965,690

Cash at bank and in hand

2,912,799

1,886,337

6,730,573

5,639,381

CREDITORS

Amounts falling due within one year

7

2,411,324

2,022,190

NET CURRENT ASSETS

4,319,249

3,617,191

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,182,150

4,864,037

PROVISIONS FOR LIABILITIES

67,133

66,962

NET ASSETS

5,115,017

4,797,075

CAPITAL AND RESERVES

Called up share capital

8

100

Fair value reserve

9

-

72,599

Retained earnings

5,114,917

4,724,376

SHAREHOLDERS' FUNDS

5,115,017

4,797,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 23 November 2025 and were signed on its behalf by:

L Murphy - Director

A M Beal - Director

1.	STATUTORY INFORMATION

Gainsborough Industrial Controls 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 represents net invoiced sales of goods and work done, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Buildings

-

10% on cost and 2% on cost

Plant and machinery

-

33% on cost, 25% on cost, 25% on reducing balance, 20% on cost, 10% on cost and Straight line over 20 years

Fixtures and fittings

-

25% on cost, 25% on reducing balance and 20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance and 20% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit or loss account.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit or loss account.

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 are capitalised in the balance sheet and are depreciated over their estimated useful lives.

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

Rentals paid under operating leases are charged to income as incurred.

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.

Investments

Investments are initially recorded at cost and thereafter at fair value with changes recognised in the profit or loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Buildings

machinery

fittings

£

COST

At 1 September 2024

515,709

235,390

62,111

Additions

13,062

18,800

2,096

Disposals

-

(4,100

)

At 31 August 2025

528,771

254,190

60,107

DEPRECIATION

At 1 September 2024

31,980

76,041

48,487

Charge for year

14,450

24,623

4,018

Eliminated on disposal

-

(4,009

)

At 31 August 2025

46,430

100,664

48,496

NET BOOK VALUE

At 31 August 2025

482,341

153,526

11,611

At 31 August 2024

483,729

159,349

13,624

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 September 2024

344,946

57,359

1,215,515

Additions

59,336

8,895

102,189

Disposals

(16,550

)

(3,700

)

(24,350

)

At 31 August 2025

387,732

62,554

1,293,354

DEPRECIATION

At 1 September 2024

144,444

40,316

341,268

Charge for year

61,025

5,092

109,208

Eliminated on disposal

(12,623

)

(3,391

)

(20,023

)

At 31 August 2025

192,846

42,017

430,453

NET BOOK VALUE

At 31 August 2025

194,886

20,537

862,901

At 31 August 2024

200,502

17,043

874,247

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

Fair value brought forward

372,599

351,805

Fair value adjustments

-

20,794

Disposal

(372,599

)

-

372,599

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

759,169

574,724

Amounts owed by group undertakings

1,199,152

Other debtors

85,903

191,814

2,044,224

1,965,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

648,809

632,176

Taxation and social security

351,868

350,828

Other creditors

1,410,647

1,039,186

2,411,324

2,022,190

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

9.	FAIR VALUE RESERVE

Fair

value

reserve

£

At 1 September 2024

72,599

Fair value investment

(72,599

)

At 31 August 2025

-