Company Registration No. 10437700 (England and Wales)
Gushlow & Cole Limited
Unaudited accounts
for the year ended 31 March 2020
Gushlow & Cole Limited
Unaudited accounts
Contents
Gushlow & Cole Limited
Company Information
for the year ended 31 March 2020
Directors
Emma Gushlow
Katrina Cole
Company Number
10437700 (England and Wales)
Registered Office
Workshop 5, Hill Top Meadows
Old London Road
Knockholt
Sevenoaks
Kent
TN14 7JW
Accountants
Crossley & Davis Limited
Suite 2D, The Links
Herne Bay
Kent
CT6 7GQ
Gushlow & Cole Limited
Statement of financial position
as at 31 March 2020
Tangible assets
7,703
8,973
Cash at bank and in hand
263,141
227,045
Creditors: amounts falling due within one year
(209,362)
(206,109)
Net current assets
187,396
263,444
Total assets less current liabilities
195,099
272,417
Creditors: amounts falling due after more than one year
(183,850)
(241,140)
Called up share capital
100
100
Capital contribution reserve
6,615
-
Profit and loss account
4,534
31,177
Shareholders' funds
11,249
31,277
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2020 and were signed on its behalf by
Emma Gushlow
Director
Company Registration No. 10437700
Gushlow & Cole Limited
Notes to the Accounts
for the year ended 31 March 2020
Gushlow & Cole Limited is a private company, limited by shares, registered in England and Wales, registration number 10437700. The registered office is Workshop 5, Hill Top Meadows, Old London Road, Knockholt, Sevenoaks, Kent, TN14 7JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2019
23,596
5,919
29,515
At 31 March 2020
24,095
5,919
30,014
At 1 April 2019
16,218
4,324
20,542
Charge for the year
1,482
287
1,769
At 31 March 2020
17,700
4,611
22,311
At 31 March 2020
6,395
1,308
7,703
At 31 March 2019
7,378
1,595
8,973
Finished goods
63,000
65,225
Gushlow & Cole Limited
Notes to the Accounts
for the year ended 31 March 2020
Trade debtors
31,455
146,858
Accrued income and prepayments
-
9,151
Other debtors
35,720
21,274
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
(411)
295
Trade creditors
1,231
6,179
Taxes and social security
5,992
10,433
Other creditors
174,001
174,205
Loans from directors
13,552
-
8
Creditors: amounts falling due after more than one year
2020
2019
Bank loans
183,850
241,175
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Average number of employees
During the year the average number of employees was 11 (2019: 11).
