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REGISTERED NUMBER: 05746214 (England and Wales)


Mrs J & J G Gill & Son Ltd
T/A
J & J G Gill & Son

Unaudited Financial Statements for the Year Ended 31 March 2023






Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mrs J & J G Gill & Son Ltd
T/A J & J G Gill & Son

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R W Gill
J D Gill





SECRETARY: Mrs J Gill





REGISTERED OFFICE: Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES





REGISTERED NUMBER: 05746214 (England and Wales)





ACCOUNTANTS: Addison & Co
Ebor House
91 Galgate
Barnard Castle
Co Durham
DL12 8ES

Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,063,622 1,095,868
1,063,622 1,095,868

CURRENT ASSETS
Debtors 6 874,749 806,725
Cash at bank 335,217 380,723
1,209,966 1,187,448
CREDITORS
Amounts falling due within one year 7 857,292 836,674
NET CURRENT ASSETS 352,674 350,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,416,296

1,446,642

CREDITORS
Amounts falling due after more than one
year

8

(185,930

)

(237,859

)

PROVISIONS FOR LIABILITIES 10 (265,905 ) (208,214 )
NET ASSETS 964,461 1,000,569

Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,052 2,052
Retained earnings 962,409 998,517
SHAREHOLDERS' FUNDS 964,461 1,000,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 23 October 2023 and were signed on its behalf by:





R W Gill - Director


Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mrs J & J G Gill & Son Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

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.


Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 110,000
AMORTISATION
At 1 April 2022
and 31 March 2023 110,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 486,316 1,777,746 2,181 2,266,243
Additions 125,585 99,615 - 225,200
Disposals (28,250 ) (5,250 ) - (33,500 )
At 31 March 2023 583,651 1,872,111 2,181 2,457,943
DEPRECIATION
At 1 April 2022 180,981 987,410 1,984 1,170,375
Charge for year 62,067 177,931 30 240,028
Eliminated on disposal (11,121 ) (4,961 ) - (16,082 )
At 31 March 2023 231,927 1,160,380 2,014 1,394,321
NET BOOK VALUE
At 31 March 2023 351,724 711,731 167 1,063,622
At 31 March 2022 305,335 790,336 197 1,095,868

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 April 2022 83,600 791,308 874,908
Additions 103,000 99,615 202,615
Transfer to ownership (44,200 ) (274,000 ) (318,200 )
At 31 March 2023 142,400 616,923 759,323
DEPRECIATION
At 1 April 2022 18,176 319,918 338,094
Charge for year 20,474 86,945 107,419
Transfer to ownership (12,266 ) (137,721 ) (149,987 )
At 31 March 2023 26,384 269,142 295,526
NET BOOK VALUE
At 31 March 2023 116,016 347,781 463,797
At 31 March 2022 65,424 471,390 536,814

Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 832,798 737,538
Directors' current accounts 41,051 62,029
VAT - 7,158
Prepayments 900 -
874,749 806,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,727 18,796
Hire purchase contracts 146,472 176,675
Trade creditors 632,556 612,061
Corporation tax 21,882 11,907
Social security and other taxes 15,913 11,615
VAT 15,526 -
Accrued expenses 7,216 5,620
857,292 836,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 47,940 64,599
Hire purchase contracts 137,990 173,260
185,930 237,859

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 65,667 83,395
Hire purchase contracts 284,462 349,935
350,129 433,330

Mrs J & J G Gill & Son Ltd (Registered number: 05746214)
T/A J & J G Gill & Son

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 265,905 208,214

Deferred
tax
£   
Balance at 1 April 2022 208,214
Charge to Income Statement during year 57,691
Balance at 31 March 2023 265,905

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2023, the company paid rent of £7000 (2022 £7,000) on land owned by the directors.

At 31 March 2023, J D Gill's director's current account was overdrawn by £31,036 (2022 £39,566), on which interest of £699 (2022 £678) was charged. R W Gill's director's current account was also overdrawn by £10,015 (2022 £22,463), on which interest of £322 (2022 £222) was charged.