Gablemere Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02819641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2018

FOR

GABLEMERE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Wallis

Mrs B A Wallis

C Wray FCA

SECRETARY:

Mrs B A Wallis

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

REGISTERED NUMBER:

02819641 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

FIXED ASSETS

Tangible assets

4

11,990

14,557

CURRENT ASSETS

Stocks

561,138

600,895

Debtors

5

257,462

353,624

Cash at bank and in hand

5,706

9,319

824,306

963,838

CREDITORS

Amounts falling due within one year

6

146,069

181,335

NET CURRENT ASSETS

678,237

782,503

TOTAL ASSETS LESS CURRENT LIABILITIES

690,227

797,060

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

690,127

796,960

SHAREHOLDERS' FUNDS

690,227

797,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 9th September 2019 and were signed on its behalf by:

J K Wallis - Director

C Wray FCA - Director

1.	STATUTORY INFORMATION

Gablemere 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.

Plant and machinery etc

-

25% on reducing balance and 1/3 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 15 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

161,730

Additions

1,430

At 31st December 2018

163,160

DEPRECIATION

At 1st January 2018

147,173

Charge for year

3,997

At 31st December 2018

151,170

NET BOOK VALUE

At 31st December 2018

11,990

At 31st December 2017

14,557

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

173,035

284,952

Other debtors

84,427

68,672

257,462

353,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

601

-

Trade creditors

93,904

95,271

Taxation and social security

4,285

30,674

Other creditors

47,279

55,390

146,069

181,335

7.	LEASING AGREEMENTS

At 31 December 2018, the company had total commitments under non-cancellable operating leases over the

remaining life of those leases of £339,465 ( 2016-£470,886)

8.	SECURED DEBTS

The bank facilities are secured by a mortgage debenture dated 12 November 1998 incorporating a fixed and

floating charge over all current and future assets of the company.