BrightAccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity continued to be construction and installation. 22 February 2024 7 7 NI646684 2023-06-30 NI646684 2022-06-30 NI646684 2021-06-30 NI646684 2022-07-01 2023-06-30 NI646684 2021-07-01 2022-06-30 NI646684 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI646684 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI646684 uk-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 NI646684 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 NI646684 uk-core:ShareCapital 2023-06-30 NI646684 uk-core:ShareCapital 2022-06-30 NI646684 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI646684 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI646684 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI646684 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI646684 uk-bus:FRS102 2022-07-01 2023-06-30 NI646684 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI646684 uk-core:MotorVehicles 2022-07-01 2023-06-30 NI646684 2022-07-01 2023-06-30 NI646684 uk-bus:Director1 2022-07-01 2023-06-30 NI646684 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI646684
 
 
Gillcon Concrete Products Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023
Gillcon Concrete Products Limited
Company Registration Number: NI646684
ABRIDGED BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 584,323 617,651
───────── ─────────
 
Current Assets
Stocks 126,207 79,596
Debtors 607,644 414,689
Cash at bank and in hand 51,097 177,203
───────── ─────────
784,948 671,488
───────── ─────────
Creditors: amounts falling due within one year (557,530) (336,652)
───────── ─────────
Net Current Assets 227,418 334,836
───────── ─────────
Total Assets less Current Liabilities 811,741 952,487
 
Creditors:
amounts falling due after more than one year (321,967) (240,059)
───────── ─────────
Net Assets 489,774 712,428
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 489,674 712,328
───────── ─────────
Shareholders' Funds 489,774 712,428
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 22 February 2024 and signed on its behalf by
           
           
________________________________          
Mr. Ciaran Gillespie          
Director          
           



Gillcon Concrete Products Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
Gillcon Concrete Products Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI646684.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Research and development
Research expenditure is written off to the Profit and Loss Account in the financial year in which it is incurred.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 7, (2022 - 7).
 
  2023 2022
  Number Number
 
Administrative 7 7
  ═════════ ═════════
         
4. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 July 2022 862,524 21,560 884,084
Additions 179,283 - 179,283
Disposals (6,500) - (6,500)
  ───────── ───────── ─────────
At 30 June 2023 1,035,307 21,560 1,056,867
  ───────── ───────── ─────────
Depreciation
At 1 July 2022 253,497 12,936 266,433
Charge for the financial year 201,799 4,312 206,111
  ───────── ───────── ─────────
At 30 June 2023 455,296 17,248 472,544
  ───────── ───────── ─────────
Net book value
At 30 June 2023 580,011 4,312 584,323
  ═════════ ═════════ ═════════
At 30 June 2022 609,027 8,624 617,651
  ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2023.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.