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REGISTERED NUMBER: 07499158 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GILL PLANT SERVICES LIMITED

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GILL PLANT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTOR: Mr D Gill





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 07499158 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 998 63,481

CURRENT ASSETS
Stocks 5 245,242 318,685
Debtors 6 289,210 206,988
Cash at bank and in hand 28,310 99,858
562,762 625,531
CREDITORS
Amounts falling due within one year 7 459,020 346,157
NET CURRENT ASSETS 103,742 279,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,740

342,855

CREDITORS
Amounts falling due after more than one
year

8

52,772

224,411
NET ASSETS 51,968 118,444

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 51,964 118,440
SHAREHOLDERS' FUNDS 51,968 118,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 27 February 2025 and were signed by:





Mr D Gill - Director


GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

Gill Plant Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 from the sale of plant and machinery is measured at the fair value of the consideration received or receivable, excluding discounts, value added tax and other sales taxes and when the risks and rewards of ownership have been transferred to the purchaser.

Income from the hire of plant and vehicles is measured at fair value based on the usage of those assets and recognised once in relation to the the actual dates of hire within each accounting period.

Income from groundworks construction is measured at the fair value of the consideration received or receivable, excluding discounts, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 8% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

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.


GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,500 3,033 83,000 12,352 99,885
Disposals - - (83,000 ) - (83,000 )
At 30 June 2024 1,500 3,033 - 12,352 16,885
DEPRECIATION
At 1 July 2023 1,111 2,602 20,750 11,941 36,404
Charge for year 31 65 - 137 233
Eliminated on disposal - - (20,750 ) - (20,750 )
At 30 June 2024 1,142 2,667 - 12,078 15,887
NET BOOK VALUE
At 30 June 2024 358 366 - 274 998
At 30 June 2023 389 431 62,250 411 63,481

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 83,000
Disposals (83,000 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 20,750
Eliminated on disposal (20,750 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 62,250

5. STOCKS
2024 2023
£    £   
Stocks 245,242 318,685

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,983 49,338
Other debtors 195,227 157,650
289,210 206,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,651 55,990
Hire purchase contracts 66,854 117,247
Trade creditors 177,143 83,791
Taxation and social security 1,066 2,412
VAT 28,889 61,517
Other creditors 96,477 16,426
Director's loan account 25,440 3,274
Accruals and deferred income 5,500 5,500
459,020 346,157

GILL PLANT SERVICES LIMITED (REGISTERED NUMBER: 07499158)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,879 57,651
Bank loans - 2-5 years - 4,879
Hire purchase contracts 47,893 161,881
52,772 224,411

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 114,747 279,128

The hire purchase liabilities are secured against the asset to which they relate.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr D Gill
Balance outstanding at start of year (3,274 ) 67,926
Amounts advanced 112,481 124,800
Amounts repaid (134,647 ) (196,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,440 ) (3,274 )

Interest has been charged on the directors loan account at the HMRC approved rate of 2.25%.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Gill.