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REGISTERED NUMBER: 07499158 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

GILL PLANT SERVICES LIMITED

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GILL PLANT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTOR: Mr D Gill





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: 23 Manor Farm Close
Barton-le-Clay
Bedfordshire
MK45 4TB





REGISTERED NUMBER: 07499158 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,481 99,300

CURRENT ASSETS
Stocks 5 318,685 500,056
Debtors 6 206,988 207,007
Cash at bank and in hand 99,858 100,957
625,531 808,020
CREDITORS
Amounts falling due within one year 7 346,157 558,812
NET CURRENT ASSETS 279,374 249,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,855

348,508

CREDITORS
Amounts falling due after more than one
year

8

224,411

179,674
NET ASSETS 118,444 168,834

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 118,440 168,830
SHAREHOLDERS' FUNDS 118,444 168,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

BALANCE SHEET - continued
30 JUNE 2023


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 director and authorised for issue on 29 September 2023 and were signed by:





Mr D Gill - Director


GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

Gill Plant Services 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 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 from the sale of plant and machinery is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes and when the risks and rewards of ownership have been transferred to the purchaser.

Income from the hire of plant and vehicles is measured at fair value based on the usage of those assets and recognised once in relation to the the actual dates of hire within each accounting period.

Income from groundworks construction is measured at the fair value of the consideration received or receivable, excluding discounts, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 8% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 103,135 3,033 59,375 12,352 177,895
Additions - - 83,000 - 83,000
Disposals (101,635 ) - (59,375 ) - (161,010 )
At 30 June 2023 1,500 3,033 83,000 12,352 99,885
DEPRECIATION
At 1 July 2022 46,071 2,526 18,263 11,735 78,595
Charge for year 34 76 20,750 206 21,066
Eliminated on disposal (44,994 ) - (18,263 ) - (63,257 )
At 30 June 2023 1,111 2,602 20,750 11,941 36,404
NET BOOK VALUE
At 30 June 2023 389 431 62,250 411 63,481
At 30 June 2022 57,064 507 41,112 617 99,300

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 101,635 33,055 134,690
Additions - 83,000 83,000
Disposals (101,635 ) (33,055 ) (134,690 )
At 30 June 2023 - 83,000 83,000
DEPRECIATION
At 1 July 2022 44,994 8,780 53,774
Charge for year - 20,750 20,750
Eliminated on disposal (44,994 ) (8,780 ) (53,774 )
At 30 June 2023 - 20,750 20,750
NET BOOK VALUE
At 30 June 2023 - 62,250 62,250
At 30 June 2022 56,641 24,275 80,916

5. STOCKS
2023 2022
£    £   
Stocks 318,685 500,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,338 107,781
Other debtors 157,650 31,300
Director's loan account - 67,926
206,988 207,007

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,990 52,801
Hire purchase contracts 117,247 57,974
Trade creditors 83,791 172,172
Taxation and social security 2,412 1,554
VAT 61,517 70,803
Other creditors 16,426 199,508
Director's loan account 3,274 -
Accruals and deferred income 5,500 4,000
346,157 558,812

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 57,651 55,044
Bank loans - 2-5 years 4,879 51,976
Hire purchase contracts 161,881 72,654
224,411 179,674

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 279,128 130,628

The hire purchase liabilities are secured against the asset to which they relate.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr D Gill
Balance outstanding at start of year 67,926 75,538
Amounts advanced 124,800 82,388
Amounts repaid (196,000 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,274 ) 67,926

Interest has been charged on the directors loan account at the HMRC approved rate of 2.5%.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Gill.