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REGISTERED NUMBER: 05228508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GILDING'S LIMITED

GILDING'S LIMITED (REGISTERED NUMBER: 05228508)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


GILDING'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J M Gilding
M J Gilding
W M Gilding
P E Gilding





SECRETARY:





REGISTERED OFFICE: The Mill
Great Bowden Road
Market Harborough
Leicestershire
LE16 7DE





REGISTERED NUMBER: 05228508 (England and Wales)





ACCOUNTANTS: Ashford Green Limited
Electric House
Ninian Way
Wilnecote
Tamworth
Staffordshire
B77 5DE

GILDING'S LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GILDING'S LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ashford Green Limited
Electric House
Ninian Way
Wilnecote
Tamworth
Staffordshire
B77 5DE


18 July 2024

GILDING'S LIMITED (REGISTERED NUMBER: 05228508)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,500
Tangible assets 5 33,667 36,678
43,667 49,178

CURRENT ASSETS
Debtors 6 80,057 27,090
Cash at bank and in hand 321,326 146,557
401,383 173,647
CREDITORS
Amounts falling due within one year 7 407,988 188,290
NET CURRENT LIABILITIES (6,605 ) (14,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,062

34,535

PROVISIONS FOR LIABILITIES 6,710 9,305
NET ASSETS 30,352 25,230

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,252 25,130
SHAREHOLDERS' FUNDS 30,352 25,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GILDING'S LIMITED (REGISTERED NUMBER: 05228508)

BALANCE SHEET - continued
31 MARCH 2024


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 18 July 2024 and were signed on its behalf by:




J M Gilding - Director M J Gilding - Director




W M Gilding - Director


GILDING'S LIMITED (REGISTERED NUMBER: 05228508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Gilding's 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 25% on cost and 25% on reducing balance
Fixtures and fittings - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

GILDING'S LIMITED (REGISTERED NUMBER: 05228508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023 87,500
Charge for year 2,500
At 31 March 2024 90,000
NET BOOK VALUE
At 31 March 2024 10,000
At 31 March 2023 12,500

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 25,490 26,344 53,190
Additions - 3,753 420
At 31 March 2024 25,490 30,097 53,610
DEPRECIATION
At 1 April 2023 25,490 25,358 30,579
Charge for year - 247 5,656
At 31 March 2024 25,490 25,605 36,235
NET BOOK VALUE
At 31 March 2024 - 4,492 17,375
At 31 March 2023 - 986 22,611

GILDING'S LIMITED (REGISTERED NUMBER: 05228508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 20,000 4,199 129,223
Additions - 2,651 6,824
At 31 March 2024 20,000 6,850 136,047
DEPRECIATION
At 1 April 2023 8,516 2,602 92,545
Charge for year 2,871 1,061 9,835
At 31 March 2024 11,387 3,663 102,380
NET BOOK VALUE
At 31 March 2024 8,613 3,187 33,667
At 31 March 2023 11,484 1,597 36,678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,526 18,000
Other debtors 10,531 9,090
80,057 27,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 285,110 69,441
Taxation and social security 85,478 79,532
Other creditors 37,400 39,317
407,988 188,290

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M J Gilding
Balance outstanding at start of year - 6,620
Amounts repaid - (6,620 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -