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REGISTERED NUMBER: 03300513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GILLANE LIMITED

GILLANE LIMITED (REGISTERED NUMBER: 03300513)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GILLANE LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTOR: Miss S E Kay





SECRETARY: A Fellows





REGISTERED OFFICE: 11 Castle Hill
Maidenhead
Berkshire
SL6 4AA





REGISTERED NUMBER: 03300513 (England and Wales)





ACCOUNTANTS: Knight & Company Ltd
11 Castle Hill
Maidenhead
Berkshire
SL6 4AA

GILLANE LIMITED (REGISTERED NUMBER: 03300513)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 390 153,632

CURRENT ASSETS
Stocks 22,500 22,500
Debtors - 29
Cash at bank 75,861 477
98,361 23,006
CREDITORS
Amounts falling due within one year 2,758 83,090
NET CURRENT ASSETS/(LIABILITIES) 95,603 (60,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,993

93,548

PROVISIONS FOR LIABILITIES - 88
NET ASSETS 95,993 93,460

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,893 93,360
SHAREHOLDERS' FUNDS 95,993 93,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GILLANE LIMITED (REGISTERED NUMBER: 03300513)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 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 Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 January 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 director and authorised for issue on 21 August 2024 and were signed by:





Miss S E Kay - Director


GILLANE LIMITED (REGISTERED NUMBER: 03300513)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Gillane 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.

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

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 etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any recognised impairment loss.

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

Net realisable value is based on selling price less anticipated costs to completion plus selling costs.

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 balance sheet date.

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 2 (2023 - 2 ) .

GILLANE LIMITED (REGISTERED NUMBER: 03300513)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 165,603
Disposals (153,166 )
At 31 January 2024 12,437
DEPRECIATION
At 1 February 2023 11,971
Charge for year 76
At 31 January 2024 12,047
NET BOOK VALUE
At 31 January 2024 390
At 31 January 2023 153,632

5. RELATED PARTY DISCLOSURES

In other creditors there is a balance of nil (2023 - £79,942) owed to directors by the company.