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REGISTERED NUMBER: 13163422 (England and Wales)












A & R Gillbard Ltd

Unaudited Financial Statements

for the Year Ended 30th April 2024






A & R Gillbard Ltd (Registered number: 13163422)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A & R Gillbard Ltd

Company Information
for the Year Ended 30th April 2024







DIRECTORS: A D Gillbard Esq
Mrs R Gillbard





REGISTERED OFFICE: The Stable
South Carne
Altarnun
LAUNCESTON
Cornwall
PL15 7SG





REGISTERED NUMBER: 13163422 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

A & R Gillbard Ltd (Registered number: 13163422)

Statement of Financial Position
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 539,764 185,450

CURRENT ASSETS
Stocks 586,095 792,917
Debtors 5 1,948,833 167,092
Cash at bank 36,507 427,041
2,571,435 1,387,050
CREDITORS
Amounts falling due within one year 6 917,524 827,456
NET CURRENT ASSETS 1,653,911 559,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,193,675

745,044

CREDITORS
Amounts falling due after more than one
year

7

(986,303

)

-

PROVISIONS FOR LIABILITIES (24,315 ) (21,625 )
NET ASSETS 1,183,057 723,419

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,182,057 722,419
1,183,057 723,419

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

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

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 16th January 2025 and were signed on its behalf by:





A D Gillbard Esq - Director


A & R Gillbard Ltd (Registered number: 13163422)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

A & R Gillbard Ltd 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.
Long leasehold - not provided for on Land
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Farm stock is split between dairy herd, cattle and produce and are all valued at cost. Where cost cannot be determined they are valued at their fair value.

Cost is calculated using the first-in, first-out method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

A & R Gillbard Ltd (Registered number: 13163422)

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

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1st May 2023 - 57,588 197,013 16,784 271,385
Additions 376,781 - 35,540 - 412,321
Disposals - - (35,750 ) - (35,750 )
At 30th April 2024 376,781 57,588 196,803 16,784 647,956
DEPRECIATION
At 1st May 2023 - 5,162 78,474 2,299 85,935
Charge for year - 2,304 33,440 3,621 39,365
Eliminated on disposal - - (17,108 ) - (17,108 )
At 30th April 2024 - 7,466 94,806 5,920 108,192
NET BOOK VALUE
At 30th April 2024 376,781 50,122 101,997 10,864 539,764
At 30th April 2023 - 52,426 118,539 14,485 185,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,203 158,300
Other debtors 1,642,630 8,792
1,948,833 167,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,697 -
Trade creditors 611,468 455,432
Taxation and social security 189,359 113,563
Other creditors 103,000 258,461
917,524 827,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 986,303 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 931,516 -