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REGISTERED NUMBER: 01034752 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

PETER GILLARD & CO. LIMITED

PETER GILLARD & CO. LIMITED (REGISTERED NUMBER: 01034752)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

PETER GILLARD & CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C N Gillard
R J Etchells





SECRETARY: C N Gillard





REGISTERED OFFICE: Alexandra Way
Ashchurch Business Centre
Tewkesbury
Gloucestershire
GL20 8NB





REGISTERED NUMBER: 01034752 (England and Wales)





ACCOUNTANTS: BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX

PETER GILLARD & CO. LIMITED (REGISTERED NUMBER: 01034752)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 511,394 527,948
Investments 5 77 77
511,471 528,025

CURRENT ASSETS
Stocks 581,121 543,855
Debtors 160,853 175,184
Cash at bank and in hand 704,118 865,351
1,446,092 1,584,390
CREDITORS
Amounts falling due within one year (345,305 ) (549,252 )
NET CURRENT ASSETS 1,100,787 1,035,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,258

1,563,163

PROVISIONS FOR LIABILITIES (21,839 ) (22,987 )
NET ASSETS 1,590,419 1,540,176

CAPITAL AND RESERVES
Called up share capital 6 830 830
Revaluation reserve 7 75,076 75,076
Capital redemption reserve 170 170
Retained earnings 1,514,343 1,464,100
SHAREHOLDERS' FUNDS 1,590,419 1,540,176

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.

PETER GILLARD & CO. LIMITED (REGISTERED NUMBER: 01034752)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





C N Gillard - Director


PETER GILLARD & CO. LIMITED (REGISTERED NUMBER: 01034752)

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

1. STATUTORY INFORMATION

Peter Gillard & Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised on delivery of goods. Where deposits are received in advance, they are treated as creditors until the goods are delivered.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

The company only capitalises assets which cost individually more than £1,000.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


PETER GILLARD & CO. LIMITED (REGISTERED NUMBER: 01034752)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 764,695
Additions 3,714
At 31 March 2024 768,409
DEPRECIATION
At 1 April 2023 236,747
Charge for year 20,268
At 31 March 2024 257,015
NET BOOK VALUE
At 31 March 2024 511,394
At 31 March 2023 527,948

Land and buildings were professionally valued as at 23 March 2021 by Alder King Consultant Surveyors on an open market value basis at £465,000 and that valuation was adopted in the financial statements at 31 March 2021. The directors consider there to have been no material change in its valuation since that date.

PETER GILLARD & CO. LIMITED (REGISTERED NUMBER: 01034752)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2008 82,818
Valuation in 2012 (48,737 )
Valuation in 2015 (13,595 )
Valuation in 2016 4,590
Valuation in 2017 12,779
Valuation in 2018 16,592
Valuation in 2019 10,857
Cost 693,333
758,637

5. FIXED ASSET INVESTMENTS

The investment is 100 Euros being the cost of the entire share capital of its subsidiary Gillards ROI.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
830 Ordinary £1 830 830

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 75,076

8. RELATED PARTY DISCLOSURES

C N Gillard
Director and shareholder


In a previous period Mr Gillard advanced the company £1,550 for working capital. During the year the company repaid Mr Gillard £1,495. The advance is on an interest-free, unsecured basis.

31.3.24 31.3.23
£    £   
Amount due to related party at the balance sheet date 55 1,550

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PETER GILLARD & CO. 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 Statement of Financial Position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Peter Gillard & Co. Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Peter Gillard & Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Peter Gillard & Co. Limited and state those matters that we have agreed to state to the Board of Directors of Peter Gillard & Co. Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Peter Gillard & Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Peter Gillard & Co. Limited. You consider that Peter Gillard & Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Peter Gillard & Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX


21 August 2024