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REGISTERED NUMBER: 08045407 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2018

for

Gilfour Limited

Gilfour Limited (Registered number: 08045407)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Gilfour Limited

Company Information
for the Year Ended 31 May 2018







DIRECTORS: Mrs G Fouracre
Mr A R Fouracre





REGISTERED OFFICE: 110 Kings Road
Bury St Edmunds
Suffolk
IP33 3DS





REGISTERED NUMBER: 08045407 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Gilfour Limited (Registered number: 08045407)

Balance Sheet
31 May 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 970 1,295

CURRENT ASSETS
Debtors 5 19,205 13,193
Cash at bank 76,294 41,725
95,499 54,918
CREDITORS
Amounts falling due within one year 6 58,731 31,838
NET CURRENT ASSETS 36,768 23,080
TOTAL ASSETS LESS CURRENT LIABILITIES 37,738 24,375

PROVISIONS FOR LIABILITIES 7 184 257
NET ASSETS 37,554 24,118

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 37,552 24,116
SHAREHOLDERS' FUNDS 37,554 24,118

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

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

Gilfour Limited (Registered number: 08045407)

Balance Sheet - continued
31 May 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 October 2018 and were signed on its behalf
by:





Mr A R Fouracre - Director


Gilfour Limited (Registered number: 08045407)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Gilfour 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% straight line

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.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but
excluding investment properties, are assessed to determine whether there is an indication that the carrying
amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is
an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use
and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is
lower, the carrying amount of the asset is written down to its estimated recoverable amount and an
impairment loss is recognised in profit and loss.

Gilfour Limited (Registered number: 08045407)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2017
and 31 May 2018 4,672
DEPRECIATION
At 1 June 2017 3,377
Charge for year 325
At 31 May 2018 3,702
NET BOOK VALUE
At 31 May 2018 970
At 31 May 2017 1,295

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 19,205 13,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 26,067 11,846
Other creditors 32,664 19,992
58,731 31,838

7. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax
Accelerated capital allowances 184 257

Deferred
tax
£   
Balance at 1 June 2017 257
Provided during year (73 )
Balance at 31 May 2018 184

Gilfour Limited (Registered number: 08045407)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2