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REGISTERED NUMBER: 04648954 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Giles Marriott Limited

Giles Marriott Limited (Registered number: 04648954)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Giles Marriott Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G M J Marriott
S A Marriott





REGISTERED OFFICE: Hunters Lodge
Mowsley Road
Theddingworth
Lutterworth
LE17 6PY





REGISTERED NUMBER: 04648954 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Giles Marriott Limited (Registered number: 04648954)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,765 92,777

CURRENT ASSETS
Stocks 372,919 380,128
Debtors 5 85,115 38,822
Cash at bank and in hand 327,492 177,811
785,526 596,761
CREDITORS
Amounts falling due within one year 6 353,727 278,415
NET CURRENT ASSETS 431,799 318,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,564

411,123

CREDITORS
Amounts falling due after more than one
year

7

(12,615

)

(22,525

)

PROVISIONS FOR LIABILITIES (5,271 ) (6,229 )
NET ASSETS 492,678 382,369

CAPITAL AND RESERVES
Called up share capital 40 2
Retained earnings 492,638 382,367
492,678 382,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Giles Marriott Limited (Registered number: 04648954)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





G M J Marriott - Director


Giles Marriott Limited (Registered number: 04648954)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Giles Marriott 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.
Improvements to leasehold - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

Giles Marriott Limited (Registered number: 04648954)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 136,329 51,182 695 188,206
DEPRECIATION
At 1 April 2023 68,466 26,789 174 95,429
Charge for year 10,180 3,659 173 14,012
At 31 March 2024 78,646 30,448 347 109,441
NET BOOK VALUE
At 31 March 2024 57,683 20,734 348 78,765
At 31 March 2023 67,863 24,393 521 92,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 76,793 2,805
Other debtors 8,322 36,017
85,115 38,822

Other debtors includes prepayments and accrued income of £8,322 (2023 - £9,100).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 141,749 53,261
Taxation and social security 50,725 46,787
Other creditors 150,605 167,719
353,727 278,415

Other creditors includes accruals and deferred income of £1,800 (2023 - £1,650).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,615 22,525

Giles Marriott Limited (Registered number: 04648954)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G M J Marriott and S A Marriott
Balance outstanding at start of year - 31,274
Amounts advanced 35,793 10,549
Amounts repaid (35,793 ) (41,823 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loan was repayable on demand and interest was charged at the official HMRC rate.