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REGISTERED NUMBER: SC492860 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Gillies Group Ltd

Gillies Group Ltd (Registered number: SC492860)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1


Gillies Group Ltd (Registered number: SC492860)

Balance Sheet
31 December 2023

31.12.23 31.12.22
£    £    £    £   
FIXED ASSETS 62,205 91,299

CURRENT ASSETS 46,155 52,138

CREDITORS
Amounts falling due within one year (270,575 ) (166,583 )
NET CURRENT LIABILITIES (224,420 ) (114,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(162,215

)

(23,146

)

CREDITORS
Amounts falling due after more than
one year

37,449

66,383
NET LIABILITIES (199,664 ) (89,529 )

CAPITAL AND RESERVES (199,664 ) (89,529 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Gillies Group Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC492860

Registered office: Cnoc A Chiobair Aird
Ardvasar
Isle Of Skye
IV45 8RN

2. GOING CONCERN

At the balance sheet date the company had net current liabilities of £224,420.

£75,000 of this is due back as director's loan to Directors M Graham and C Gillies, who do not intend to withdraw their support in the foreseeable future.

Payments plans are in place for repayment of suppliers (75,000 owed at year end), credit cards and short term loans (28,000 owed at year end), HMRC PAYE liabilities (56,000 owed at year end) and the directors are of the opinion that the company can meet its liabilities via these payment plans.

Taking account of the above, the directors are preparing these accounts on a going concern basis.

Gillies Group Ltd (Registered number: SC492860)

Balance Sheet - continued
31 December 2023

NOTES TO THE FINANCIAL STATEMENTS

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 3 ) .



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 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





C N J Gillies - Director