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REGISTERED NUMBER: 11570062 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Gill Stoves Limited

Gill Stoves Limited (Registered number: 11570062)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gill Stoves Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C Y Gill
Mrs A J Gill





REGISTERED OFFICE: 7 Crescent Court
Brook Street
Ilkley
West Yorkshire
LS29 8DE





REGISTERED NUMBER: 11570062 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Gill Stoves Limited (Registered number: 11570062)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,984 26,130
28,984 26,130

CURRENT ASSETS
Stocks 9,172 7,440
Debtors 6 2,397 4,916
Cash at bank 43,299 89,592
54,868 101,948
CREDITORS
Amounts falling due within one year 7 22,881 30,799
NET CURRENT ASSETS 31,987 71,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,971

97,279

CREDITORS
Amounts falling due after more than one year 8 10,790 15,790
NET ASSETS 50,181 81,489

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,179 81,487
50,181 81,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Gill Stoves Limited (Registered number: 11570062)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:




Mrs A J Gill - Director



C Y Gill - Director


Gill Stoves Limited (Registered number: 11570062)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Gill Stoves 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of four years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 4 years
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

Gill Stoves Limited (Registered number: 11570062)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 11,700
AMORTISATION
At 1 October 2023
and 30 September 2024 11,700
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 5,039 15,335 25,487 1,003 46,864
Additions 7,473 2,970 - - 10,443
At 30 September 2024 12,512 18,305 25,487 1,003 57,307
DEPRECIATION
At 1 October 2023 2,875 5,509 11,351 999 20,734
Charge for year 2,086 1,965 3,534 4 7,589
At 30 September 2024 4,961 7,474 14,885 1,003 28,323
NET BOOK VALUE
At 30 September 2024 7,551 10,831 10,602 - 28,984
At 30 September 2023 2,164 9,826 14,136 4 26,130

Gill Stoves Limited (Registered number: 11570062)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,938 4,513
Prepayments 459 403
2,397 4,916

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 3,341 4,378
Tax 9,136 17,358
VAT 4,892 8,413
Directors' loan accounts 4,862 -
Accrued expenses 650 650
22,881 30,799

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 10,790 15,790

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.