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REGISTERED NUMBER: 06277216 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

GILLESPIE PLANT SERVICES LIMITED

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GILLESPIE PLANT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: J R Gillespie





REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 06277216 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500,849 452,416

CURRENT ASSETS
Debtors 5 233,921 233,309
Cash at bank 302,850 377,138
536,771 610,447
CREDITORS
Amounts falling due within one year 6 216,329 310,239
NET CURRENT ASSETS 320,442 300,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,291

752,624

CREDITORS
Amounts falling due after more than one
year

7

(83,830

)

(177,156

)

PROVISIONS FOR LIABILITIES 9 (125,212 ) (85,959 )
NET ASSETS 612,249 489,509

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 612,149 489,409
SHAREHOLDERS' FUNDS 612,249 489,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

BALANCE SHEET - continued
29 February 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 director and authorised for issue on 20 August 2024 and were signed by:





J R Gillespie - Director


GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Gillespie Plant Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 15% 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 647,649
Additions 184,311
Disposals (42,150 )
At 29 February 2024 789,810
DEPRECIATION
At 1 March 2023 195,233
Charge for year 103,026
Eliminated on disposal (9,298 )
At 29 February 2024 288,961
NET BOOK VALUE
At 29 February 2024 500,849
At 28 February 2023 452,416

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 445,544
Disposals (40,000 )
At 29 February 2024 405,544
DEPRECIATION
At 1 March 2023 118,876
Charge for year 47,389
Eliminated on disposal (8,975 )
At 29 February 2024 157,290
NET BOOK VALUE
At 29 February 2024 248,254
At 28 February 2023 326,668

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 193,668 222,351
Amounts owed by associates 22,342 -
Other debtors 6,644 500
Prepayments and accrued income 11,267 10,458
233,921 233,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts (see note 8) 79,195 91,257
Trade creditors 21,914 112,929
Amounts owed to associates - 7,514
Tax 48,256 14,235
Social security and other taxes 1,720 3,227
VAT 19,776 17,304
Other creditors 59 190
Business card 2,047 3,191
Director's loan account 38,736 56,947
Accruals and deferred income 4,626 3,445
216,329 310,239

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts (see note 8) 83,830 177,156

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 79,195 91,257
Between one and five years 83,830 177,156
163,025 268,413

Non-cancellable operating leases
29.2.24 28.2.23
£    £   
Between one and five years 4,516 4,516

GILLESPIE PLANT SERVICES LIMITED (REGISTERED NUMBER: 06277216)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 125,212 85,959

Deferred
tax
£   
Balance at 1 March 2023 85,959
Accelerated capital allowances 39,253
Balance at 29 February 2024 125,212

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 March 2023 489,409
Profit for the year 143,740
Dividends (21,000 )
At 29 February 2024 612,149

12. RELATED PARTY DISCLOSURES

At the year end the company was owed £22,342 (28.2.23 - £(7,514)) by Hunters Moon Farm Limited, a company wholly owned by the director.