REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
FOR |
GALLIFORD BROTHERS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2021 |
FOR |
GALLIFORD BROTHERS LIMITED |
GALLIFORD BROTHERS LIMITED (REGISTERED NUMBER: 00911065) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 September 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GALLIFORD BROTHERS LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 September 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
31 High View Close |
Hamilton Office Park |
Leicester |
Leicestershire |
LE4 9LJ |
GALLIFORD BROTHERS LIMITED (REGISTERED NUMBER: 00911065) |
BALANCE SHEET |
30 September 2021 |
2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
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 |
GALLIFORD BROTHERS LIMITED (REGISTERED NUMBER: 00911065) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 September 2021 |
1. | STATUTORY INFORMATION |
Galliford Brothers Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The financial statements have been prepared on a going concern basis which assumes that the company will continue to receive ongoing support from its directors, creditors and shareholders. |
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 |
Plant and machinery | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GALLIFORD BROTHERS LIMITED (REGISTERED NUMBER: 00911065) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 September 2021 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 October 2020 |
and 30 September 2021 |
DEPRECIATION |
At 1 October 2020 |
and 30 September 2021 |
NET BOOK VALUE |
At 30 September 2021 |
At 30 September 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Other creditors |
Other creditors due after more than one year represent non-cumulative 5% redeemable preference shares. |
Holders of the non-cumulative 5% redeemable preference shares (preference shares) have no voting rights within the company but do have priority to a payment of dividend and return of capital over any other class of share. |
The preference shares can be redeemed at par in whole or part at any time after issue, provided that thirteen months written notice is given by the company to the holders of the preference shares or by the holders of the preference shares to the company. |
At the year end the value being carried in the financial statements is equal to the amount required to be paid on redemption. |
GALLIFORD BROTHERS LIMITED (REGISTERED NUMBER: 00911065) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 September 2021 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020: |
2021 | 2020 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
9. | RELATED PARTY DISCLOSURES |
At the year end an amount of £2,096 (2020 £2,096) was owed to Galliford Brothers Limited by a company in which a director has an interest. |
Included in other creditors are directors loans of £2,986(2020 £2,986). The loans are interest free and repayable on demand. |