Company Registration No. 09499604 (England and Wales)
GATTEN SHOOT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
GATTEN SHOOT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
GATTEN SHOOT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
70,556
46,009
Investments
4
3,000
3,000
73,556
49,009
Current assets
Debtors
5
7,313
2,086
Cash at bank and in hand
64,258
1,645
71,571
3,731
Creditors: amounts falling due within one year
6
(40,932)
(55,593)
Net current assets/(liabilities)
30,639
(51,862)
Total assets less current liabilities
104,195
(2,853)
Creditors: amounts falling due after more than one year
7
(100,900)
(146,296)
Net assets/(liabilities)
3,295
(149,149)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
3,195
(149,249)
Total equity
3,295
(149,149)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
GATTEN SHOOT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 11 December 2023
Mr I K Fox
Director
Company Registration No. 09499604
GATTEN SHOOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information
Gatten Shoot Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wallers Lodge, Stapleton, Shrewsbury, Shropshire, SY5 7AL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown gross of VAT, less VAT payable under a flat rate scheme. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.6
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
GATTEN SHOOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
3
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2022
108,636
Additions
63,304
Disposals
(44,600)
At 31 March 2023
127,340
Depreciation and impairment
At 1 April 2022
62,627
Depreciation charged in the year
17,639
Eliminated in respect of disposals
(23,482)
At 31 March 2023
56,784
Carrying amount
At 31 March 2023
70,556
At 31 March 2022
46,009
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
3,000
3,000
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
7,313
2,086
GATTEN SHOOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
8,667
8,652
Trade creditors
19,056
5,961
Taxation and social security
7,538
8,680
Other creditors
4,171
30,800
Accruals and deferred income
1,500
1,500
40,932
55,593
7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Bank loans and overdrafts
20,900
31,296
Other creditors
80,000
115,000
100,900
146,296
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100