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REGISTERED NUMBER: 08457631 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Gillieron Scott Acoustic Design Limited

Gillieron Scott Acoustic Design Limited (Registered number: 08457631)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gillieron Scott Acoustic Design Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Gillieron
T Scott
L Zalberg
M Trowsdale





REGISTERED OFFICE: 130 Brixton Hill
London
SW2 1RS





REGISTERED NUMBER: 08457631 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Gillieron Scott Acoustic Design Limited (Registered number: 08457631)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,614 13,670

CURRENT ASSETS
Debtors 5 60,555 89,172
Cash at bank 14,432 72,080
74,987 161,252
CREDITORS
Amounts falling due within one year 6 120,630 121,022
NET CURRENT (LIABILITIES)/ASSETS (45,643 ) 40,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,029

)

53,900

CREDITORS
Amounts falling due after more than one
year

7

(72,863

)

(109,915

)

PROVISIONS FOR LIABILITIES (2,207 ) (2,597 )
NET LIABILITIES (109,099 ) (58,612 )

CAPITAL AND RESERVES
Called up share capital 150 159
Capital redemption reserve 50 41
Retained earnings (109,299 ) (58,812 )
SHAREHOLDERS' FUNDS (109,099 ) (58,612 )

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.

Gillieron Scott Acoustic Design Limited (Registered number: 08457631)

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 23 July 2024 and were signed on its behalf by:





T Scott - Director


Gillieron Scott Acoustic Design Limited (Registered number: 08457631)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gillieron Scott Acoustic Design 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets will be revalued each year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bicycle - 25% on reducing balance
Leasehold - Integral Features - 25% on reducing balance
Acoustic Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office Equipment - 25% on reducing balance
Computer equipment - 25% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Gillieron Scott Acoustic Design Limited (Registered number: 08457631)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Leasehold
- Integral Acoustic
Bicycle Features Equipment
£    £    £   
COST
At 1 April 2023 - 8,582 24,105
Additions 833 - 722
At 31 March 2024 833 8,582 24,827
DEPRECIATION
At 1 April 2023 - 7,588 19,235
Charge for year 208 249 1,398
At 31 March 2024 208 7,837 20,633
NET BOOK VALUE
At 31 March 2024 625 745 4,194
At 31 March 2023 - 994 4,870

Fixtures
and Office Computer
fittings Equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,261 10,074 13,909 64,931
Additions - - 260 1,815
At 31 March 2024 8,261 10,074 14,169 66,746
DEPRECIATION
At 1 April 2023 7,434 7,868 9,136 51,261
Charge for year 207 551 1,258 3,871
At 31 March 2024 7,641 8,419 10,394 55,132
NET BOOK VALUE
At 31 March 2024 620 1,655 3,775 11,614
At 31 March 2023 827 2,206 4,773 13,670

Gillieron Scott Acoustic Design Limited (Registered number: 08457631)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 60,555 89,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 48,027 53,977
Trade creditors 2,683 2,287
Taxation and social security 25,094 34,613
Other creditors 44,826 30,145
120,630 121,022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 72,863 109,915

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.