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REGISTERED NUMBER: SC464748 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Firm Of Gill Ltd

Firm Of Gill Ltd (Registered number: SC464748)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Firm Of Gill Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M S Gill





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC464748 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Firm Of Gill Ltd (Registered number: SC464748)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 120 120
Tangible assets 5 120,205 121,078
120,325 121,198

CURRENT ASSETS
Cash at bank and in hand 21,841 21,910

CREDITORS
Amounts falling due within one year 6 198,450 198,390
NET CURRENT LIABILITIES (176,609 ) (176,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,284

)

(55,282

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (56,384 ) (55,382 )
SHAREHOLDERS' FUNDS (56,284 ) (55,282 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 26 April 2024 and were signed by:





M S Gill - Director


Firm Of Gill Ltd (Registered number: SC464748)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Firm Of Gill Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Firm Of Gill Ltd (Registered number: SC464748)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2022
and 30 November 2023 120
NET BOOK VALUE
At 30 November 2023 120
At 30 November 2022 120

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 113,925 2,876 5,908 7,200 129,909
DEPRECIATION
At 1 December 2022 - - 3,947 4,884 8,831
Charge for year - - 294 579 873
At 30 November 2023 - - 4,241 5,463 9,704
NET BOOK VALUE
At 30 November 2023 113,925 2,876 1,667 1,737 120,205
At 30 November 2022 113,925 2,876 1,961 2,316 121,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other loans (see note 7) 101,134 101,134
Creditors & accrued charges 4,496 4,436
Tax 1,246 1,246
VAT 7,970 7,970
Directors' current accounts 83,604 83,604
198,450 198,390

7. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Loan a/c - G S Gill 101,134 101,134

Firm Of Gill Ltd (Registered number: SC464748)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 December 2022 (55,382 )
Deficit for the year (1,002 )
At 30 November 2023 (56,384 )