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REGISTERED NUMBER: 04485198 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

K F GILLETT LIMITED

K F GILLETT LIMITED (REGISTERED NUMBER: 04485198)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


K F GILLETT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: K F Gillett





SECRETARY: Mrs T L Gillett





REGISTERED OFFICE: 25 Florence Road
Bilbrook
Wolverhampton
West Midlands
WV8 1JD





REGISTERED NUMBER: 04485198 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

K F GILLETT LIMITED (REGISTERED NUMBER: 04485198)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,527 8,703

CURRENT ASSETS
Debtors - 1,166
Cash at bank and in hand 25,274 31,724
25,274 32,890
CREDITORS
Amounts falling due within one year 20,388 25,949
NET CURRENT ASSETS 4,886 6,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,413

15,644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,411 15,642
SHAREHOLDERS' FUNDS 11,413 15,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 September 2024 and were signed by:





K F Gillett - Director


K F GILLETT LIMITED (REGISTERED NUMBER: 04485198)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

K F Gillett 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 13,360
DEPRECIATION
At 1 January 2023 4,657
Charge for year 2,176
At 31 December 2023 6,833
NET BOOK VALUE
At 31 December 2023 6,527
At 31 December 2022 8,703

K F GILLETT LIMITED (REGISTERED NUMBER: 04485198)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 January 2023
and 31 December 2023 11,600
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,900
NET BOOK VALUE
At 31 December 2023 8,700
At 31 December 2022 8,700

5. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by Mr K F Gillett, a director, by virtue of his ownership of 100% of the company's issued share capital.