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REGISTERED NUMBER: 06277216 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

GILLESPIE PLANT SERVICES LIMITED

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GILLESPIE PLANT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTOR: J R Gillespie





REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 06277216 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

BALANCE SHEET
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452,416 363,842

CURRENT ASSETS
Debtors 5 233,309 96,220
Cash at bank 377,138 18,936
610,447 115,156
CREDITORS
Amounts falling due within one year 6 310,239 263,880
NET CURRENT ASSETS/(LIABILITIES) 300,208 (148,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,624

215,118

CREDITORS
Amounts falling due after more than one
year

7

(177,156

)

(194,572

)

PROVISIONS FOR LIABILITIES 9 (85,959 ) -
NET ASSETS 489,509 20,546

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 489,409 20,446
SHAREHOLDERS' FUNDS 489,509 20,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

BALANCE SHEET - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





J R Gillespie - Director


GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Gillespie 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.

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.

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 etc - 25% on cost and 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.

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.

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 489,548
Additions 245,701
Disposals (87,600 )
At 28 February 2023 647,649
DEPRECIATION
At 1 March 2022 125,706
Charge for year 90,795
Eliminated on disposal (21,268 )
At 28 February 2023 195,233
NET BOOK VALUE
At 28 February 2023 452,416
At 28 February 2022 363,842

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 425,293
Additions 130,569
Disposals (85,000 )
Transfer to ownership (25,318 )
At 28 February 2023 445,544
DEPRECIATION
At 1 March 2022 91,925
Charge for year 62,420
Eliminated on disposal (20,878 )
Transfer to ownership (14,591 )
At 28 February 2023 118,876
NET BOOK VALUE
At 28 February 2023 326,668
At 28 February 2022 333,368

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 222,351 92,704
Other debtors 500 500
Prepayments and accrued income 10,458 3,016
233,309 96,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts (see note 8) 91,257 84,089
Trade creditors 112,929 34,844
Amounts owed to associates 7,514 3,554
Tax 14,235 -
Social security and other taxes 3,227 970
VAT 17,304 7,354
Other creditors 190 -
Business card 3,191 2,307
Director's loan account 56,947 127,517
Accruals and deferred income 3,445 3,245
310,239 263,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts (see note 8) 177,156 194,572

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28.2.23 28.2.22
£    £   
Net obligations repayable:
Within one year 91,257 84,089
Between one and five years 177,156 194,572
268,413 278,661

Non-cancellable operating leases
28.2.23 28.2.22
£    £   
Between one and five years 4,516 4,516

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 85,959 -

Deferred
tax
£   
Accelerated capital allowances 85,959
Balance at 28 February 2023 85,959

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 March 2022 20,446
Profit for the year 470,963
Dividends (2,000 )
At 28 February 2023 489,409

12. RELATED PARTY DISCLOSURES

At the year end the company owed £7,514 (28.2.22 - £3,554) to Hunters Moon Farm Limited, a company wholly owned by the director.
Included within the profit and loss account are management charges of £0 (28.2.22 - £16,800) payable to Hunters Moon Farm Limited.