Company registration number: NI633988
Unaudited financial statements
for the year ended 31 October 2023
for
Gilberry Fayre Ltd
Pages for filing with the Registrar
Gilberry Fayre Ltd
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gilberry Fayre Ltd for the year ended 31 October 2023 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Gilberry Fayre Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Gilberry Fayre Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gilberry Fayre Ltd and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Gilberry Fayre Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gilberry Fayre Ltd. You consider that Gilberry Fayre Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Gilberry Fayre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Date: 31 October 2024
1
Company registration number: NI633988
Gilberry Fayre Ltd
Balance sheet
as at 31 October 2023
31 Oct 23 31 Oct 22
Note £ £ £ £
Fixed assets
Tangible assets 4 50,736 52,865
50,736 52,865
Current assets
Stocks 8,054 7,901
Debtors 14,362 11,400
Cash at bank and in hand 424,882 375,369
447,298 394,670
Creditors: amounts falling due within
one year
(120,791) (109,940)
Net current assets 326,507 284,730
Total assets less current liabilities 377,243 337,595
Creditors: Amounts falling due after
more than one year
5 (39,287) (52,191)
NET ASSETS 337,956 285,404
Capital and reserves
Called up share capital 100 100
Profit and loss account 337,856 285,304
TOTAL EQUITY 337,956 285,404
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: NI633988
Gilberry Fayre Ltd
Balance sheet - continued
as at 31 October 2023
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 October 2024 and signed on its behalf by:
Mr P McEvoy, Director Mr P Mcevoy, Director
31 October 2024 31 October 2024
3
Gilberry Fayre Ltd
Notes to the financial statements
for the year ended 31 October 2023
1 Company information
Gilberry Fayre Ltd is a private company registered in Northern Ireland. Its registered number is NI633988. The company is limited by shares. Its registered office is 92 Banbridge Road, Gilford, Craigavon, BT63 6DL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.:
Plant and machinery - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
4
Gilberry Fayre Ltd
Notes to the financial statements - continued
for the year ended 31 October 2023
3 Average number of employees
During the year the average number of employees was 10 (2022 - 10).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2022 108,423
Additions 6,825
At 31 October 2023 115,248
Depreciation
At 1 November 2022 55,558
Charge for year 8,954
At 31 October 2023 64,512
Net book value
At 31 October 2023 50,736
At 31 October 2022 52,865
5 Creditors: amounts falling due after more than five years
31 Oct 23 31 Oct 22
£ £
Repayable by instalments
Bank loans 33,507 42,331
33,507 42,331
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