Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activity2023-04-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08948341 2023-04-01 2024-03-31 08948341 2022-04-01 2023-03-31 08948341 2024-03-31 08948341 2023-03-31 08948341 c:Director1 2023-04-01 2024-03-31 08948341 c:RegisteredOffice 2023-04-01 2024-03-31 08948341 d:MotorVehicles 2023-04-01 2024-03-31 08948341 d:MotorVehicles 2024-03-31 08948341 d:MotorVehicles 2023-03-31 08948341 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08948341 d:ComputerEquipment 2023-04-01 2024-03-31 08948341 d:ComputerEquipment 2024-03-31 08948341 d:ComputerEquipment 2023-03-31 08948341 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08948341 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08948341 d:CurrentFinancialInstruments 2024-03-31 08948341 d:CurrentFinancialInstruments 2023-03-31 08948341 d:Non-currentFinancialInstruments 2024-03-31 08948341 d:Non-currentFinancialInstruments 2023-03-31 08948341 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08948341 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08948341 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08948341 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08948341 d:ShareCapital 2024-03-31 08948341 d:ShareCapital 2023-03-31 08948341 d:RetainedEarningsAccumulatedLosses 2024-03-31 08948341 d:RetainedEarningsAccumulatedLosses 2023-03-31 08948341 c:FRS102 2023-04-01 2024-03-31 08948341 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08948341 c:FullAccounts 2023-04-01 2024-03-31 08948341 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08948341 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 08948341 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08948341 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 08948341 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08948341 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 08948341







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


M J GILLESPIE DECORATORS LIMITED






































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M J GILLESPIE DECORATORS LIMITED
 


 
COMPANY INFORMATION


Director
M J Gillespie 




Registered number
08948341



Registered office
190 Whyteleafe Road
Caterham

Surrey

CR3 5ED




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


M J GILLESPIE DECORATORS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 5


 


M J GILLESPIE DECORATORS LIMITED
REGISTERED NUMBER:08948341



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
21,874
29,234

  
21,874
29,234

Current assets
  

Debtors: amounts falling due within one year
 5 
120,471
168,873

Cash at bank and in hand
  
122,413
162,117

  
242,884
330,990

Creditors: amounts falling due within one year
 6 
(36,051)
(75,903)

Net current assets
  
 
 
206,833
 
 
255,087

Total assets less current liabilities
  
228,707
284,321

Creditors: amounts falling due after more than one year
 7 
(13,812)
(18,712)

  

Net assets
  
214,895
265,609


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
214,795
265,509

  
214,895
265,609


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

M J Gillespie
Director
Date: 2 December 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


M J GILLESPIE DECORATORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

M J Gillespie Decorators Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is given the in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 


M J GILLESPIE DECORATORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Computer equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
38,920
1,230
40,150



At 31 March 2024

38,920
1,230
40,150



Depreciation


At 1 April 2023
10,338
578
10,916


Charge for the year on owned assets
7,145
215
7,360



At 31 March 2024

17,483
793
18,276



Net book value



At 31 March 2024
21,437
437
21,874



At 31 March 2023
28,582
652
29,234

Page 3

 


M J GILLESPIE DECORATORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
22,550

Other debtors
120,471
146,323

120,471
168,873



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,136
10,394

Corporation tax
5,004
38,059

Obligations under finance lease and hire purchase contracts
4,900
4,900

Other creditors
951
685

Accruals and deferred income
19,060
21,865

36,051
75,903



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
13,812
18,712

13,812
18,712



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,900
4,900

Between 1-5 years
13,812
18,712

18,712
23,612

Page 4

 


M J GILLESPIE DECORATORS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Related party transactions

During the year, the below transactions subsided between the director and company. This amount is considered repayable on demand and is accruing interest of 2%.


2024
2023
£
£

Balance at beginning of the year
123,084
(42,000)
Amounts advanced
54,677
246,084
Amounts repaid
(81,000)
(81,000)
96,761
123,084

 
Page 5