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REGISTERED NUMBER: 00911065 (England and Wales)
























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: M P Galliford
P Galliford
Mrs R K Galliford





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 00911065 (England and Wales)





ACCOUNTANTS: Fortus Midlands Limited
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 12,056 14,146
Cash at bank 132,756 132,064
144,812 146,210
CREDITORS
Amounts falling due within one year 6 3,667 4,017
NET CURRENT ASSETS 141,145 142,193
TOTAL ASSETS LESS CURRENT LIABILITIES 141,145 142,193

CREDITORS
Amounts falling due after more than
one year

7

320,000

320,000
NET LIABILITIES (178,855 ) (177,807 )

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings (198,855 ) (197,807 )
(178,855 ) (177,807 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:





M P Galliford - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 25% on cost

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 3 (2020 - 3 ) .

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 2,586
DEPRECIATION
At 1 October 2020
and 30 September 2021 2,586
NET BOOK VALUE
At 30 September 2021 -
At 30 September 2020 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 11,492 11,492
Other debtors 564 2,654
12,056 14,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors 3,667 4,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Other creditors 320,000 320,000

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
£    £   
M P Galliford
Balance outstanding at start of year 2,180 17,772
Amounts advanced - 2,908
Amounts repaid (2,180 ) (18,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,180

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.