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REGISTERED NUMBER: 07124686 (England and Wales)

























Financial Statements

for the Year Ended 31 January 2025

for

M Gullis Limited

M Gullis Limited (Registered number: 07124686)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Gullis Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M Gullis
Mrs D R Gullis





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 07124686 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

M Gullis Limited (Registered number: 07124686)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379 434

CURRENT ASSETS
Debtors 5 11,264 11,966
Cash at bank 1,569 59
12,833 12,025
CREDITORS
Amounts falling due within one year 6 12,161 11,735
NET CURRENT ASSETS 672 290
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,051

724

PROVISIONS FOR LIABILITIES 72 82
NET ASSETS 979 642

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 779 442
SHAREHOLDERS' FUNDS 979 642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

M Gullis Limited (Registered number: 07124686)

Balance Sheet - continued
31 January 2025


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 28 March 2025 and were signed on its behalf by:




M Gullis - Director



Mrs D R Gullis - Director


M Gullis Limited (Registered number: 07124686)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

M Gullis 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.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 733
Additions 108
At 31 January 2025 841
DEPRECIATION
At 1 February 2024 299
Charge for year 163
At 31 January 2025 462
NET BOOK VALUE
At 31 January 2025 379
At 31 January 2024 434

M Gullis Limited (Registered number: 07124686)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 11,264 11,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 1,794 1,242
Other creditors 10,367 10,493
12,161 11,735