01 May 2023 30 April 2024 No principle activity is included 04518589 2023-05-01 04518589 2024-04-30 04518589 2023-05-01 2024-04-30 04518589 2023-04-30 04518589 2022-05-01 2023-04-30 04518589 uk-core:WithinOneYear 2024-04-30 04518589 uk-core:WithinOneYear 2023-04-30 04518589 uk-core:AfterOneYear 2024-04-30 04518589 uk-core:AfterOneYear 2023-04-30 04518589 uk-core:ShareCapital 2024-04-30 04518589 uk-core:ShareCapital 2023-04-30 04518589 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 04518589 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 04518589 uk-bus:Director1 2023-05-01 2024-04-30 04518589 uk-curr:PoundSterling 2023-05-01 2024-04-30 04518589 uk-core:BetweenTwoFiveYears 2024-04-30 04518589 uk-core:BetweenTwoFiveYears 2023-04-30 04518589 uk-bus:FRS102 2023-05-01 2024-04-30 04518589 uk-bus:FullAccounts 2023-05-01 2024-04-30 04518589 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04518589 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  M & J GILL LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 APRIL 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  M & J GILL LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 APRIL 2024
       
       
  DIRECTORS
       
  Mrs.J.K.Gill
  Mr.N.S.Gill
  Mr.B.S.Gill
       
       
  SECRETARY
       
  Mrs.J.K.Gill
       
  REGISTERED OFFICE
       
  25 Park Street West
Luton
LU1 3BE
Beds.LU1 3BE.
       
       
  COMPANY REGISTERED NUMBER
       
  04518589
       
       
  BANKERS
       
  Santander Bank plc
       
       
  ACCOUNTANTS
       
  Haartwells Ltd
  Chartered Certified Accountants
  25 Park Street West
Luton
Beds
LU1 3BE
       
  page 1
  M & J GILL LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 APRIL 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-7 Notes to the Financial Statements  
       
     
  page 2
  M & J GILL LIMITED
  Company registered number: 04518589
  STATEMENT OF FINANCIAL POSITION AT 30 April 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Investment property 3 190,000 190,000
  CURRENT ASSETS    
  Cash at bank and in hand   203,707 1,620
      203,707 1,620
  CREDITORS: Amounts falling due within one year 4 351,562 87,491
  NET CURRENT LIABILITIES   (147,855) (85,871)
  TOTAL ASSETS LESS CURRENT LIABILITIES   42,145 104,129
           
  CREDITORS: Amounts falling due after more than one year 5 - (64,973)
  NET ASSETS   £42,145 £39,156
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   42,045 39,056
  SHAREHOLDERS' FUNDS   £42,145 £39,156
       
  The notes on pages 5-7 form part of these financial statements
   
  page 3
  M & J GILL LIMITED
  Company registered number: 04518589
  STATEMENT OF FINANCIAL POSITION AT 30 April 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 05 September 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mrs J K Gill, Director
       
       
  The notes on pages 5-7 form part of these financial statements
   
  page 4
  M & J GILL LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 APRIL 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  M & J Gill Limited is a Private Limited Company incorporated in England and Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 May 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Investment property
       
  Investment properties are initially recognised at cost, properties whose fair value can be measured reliably are subsequently measured at fair value. The surplus or deficit on revaluation is recognised in the profit
and loss account accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
       
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 5-7 form part of these financial statements
   
  page 5
  M & J GILL LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 APRIL 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
       
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
       
       
  Investment Properties
       
      Total
      £
  Fair value at 1 May 2023   190,000
  Acquisitions through business combinations
  Fair value at 30 April 2024   190,000
     
  The notes on pages 5-7 form part of these financial statements
   
  page 6
  M & J GILL LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 APRIL 2024
       
       
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts - 6,348
  Other creditors 351,562 81,143
    £351,562 £87,491
   
       
       
       
5. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts - 64,973
    £- £64,973
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank - 6,348
  within 2-5 years
  bank - 64,973
    £- £71,321
   
  The notes on pages 5-7 form part of these financial statements
   
  page 7