Registered number
07372663
Gillam Ltd
Accounts
For the Year Ended
30 September 2023
Oakensen
Chartered Accountants
Unit 2, Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Gillam Ltd
Registered number: 07372663
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 641
Current assets
Debtors 4 19 2,226
Cash at bank and in hand 2,688 14,327
2,707 16,553
Creditors: amounts falling due within one year 5 (1,033) (893)
Net current assets 1,674 15,660
Total assets less current liabilities 1,674 16,301
Creditors: amounts falling due after more than one year 6 (24,523) (25,264)
Net liabilities (22,849) (8,963)
Capital and reserves
Called up share capital 100 100
Profit and loss account (22,949) (9,063)
Shareholder's funds (22,849) (8,963)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T P L Gillam
Director
Approved by the board on 31 October 2023
Gillam Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. Turnover is recognised when work has been completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 4 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 October 2022 35,167
Disposals (35,167)
At 30 September 2023 -
Depreciation
At 1 October 2022 34,526
On disposals (34,526)
At 30 September 2023 -
Net book value
At 30 September 2023 -
At 30 September 2022 641
4 Debtors 2023 2022
£ £
Other debtors 19 2,226
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,033 893
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 24,523 25,264
7 Related party transactions
At the year end the director of the company was owed £24,523 (2022 - £25,264).
8 Other information
Gillam Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 The Close
Glastonbury
Somerset
BA6 9HZ
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