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REGISTERED NUMBER: 01399882 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Gilroy Corporate Communications Limited

Gilroy Corporate Communications Limited (Registered number: 01399882)

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


Gilroy Corporate Communications Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: K D Sleap
Mrs N Sleap
Ms L C Gardiner





REGISTERED OFFICE: Dragon Court
Charter Alley
Tadley
Hampshire
RG26 5PU





REGISTERED NUMBER: 01399882 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Gilroy Corporate Communications Limited (Registered number: 01399882)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,937 42,736

CURRENT ASSETS
Stocks 47,019 153,012
Debtors 5 384,263 1,298,927
Cash at bank 956,475 953,251
1,387,757 2,405,190
CREDITORS
Amounts falling due within one year 6 1,263,641 2,265,765
NET CURRENT ASSETS 124,116 139,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,053

182,161

PROVISIONS FOR LIABILITIES 8 7,309 9,770
NET ASSETS 147,744 172,391

CAPITAL AND RESERVES
Called up share capital 9 3,058 3,058
Share premium 6,542 6,542
Capital redemption reserve 2,500 2,500
Retained earnings 135,644 160,291
SHAREHOLDERS' FUNDS 147,744 172,391

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.

Gilroy Corporate Communications Limited (Registered number: 01399882)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





K D Sleap - Director


Gilroy Corporate Communications Limited (Registered number: 01399882)

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


1. STATUTORY INFORMATION

Gilroy Corporate Communications 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Improvements - 20% on cost
Computer equipment - 25% on cost
Fixtures and fittings - 25% on cost
Website - 50% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Gilroy Corporate Communications Limited (Registered number: 01399882)

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


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, adjusted for indexation where applicable.

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

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Computer and
Improvements equipment fittings Website Totals
£    £    £    £    £   
COST
At 1 February 2024 99,058 117,930 14,760 10,800 242,548
Additions - 21,700 - - 21,700
Disposals (99,058 ) (58,790 ) (14,760 ) (10,800 ) (183,408 )
At 31 January 2025 - 80,840 - - 80,840
DEPRECIATION
At 1 February 2024 99,058 84,530 13,073 3,151 199,812
Charge for year - 24,163 1,685 7,649 33,497
Eliminated on disposal (99,058 ) (58,790 ) (14,758 ) (10,800 ) (183,406 )
At 31 January 2025 - 49,903 - - 49,903
NET BOOK VALUE
At 31 January 2025 - 30,937 - - 30,937
At 31 January 2024 - 33,400 1,687 7,649 42,736

Gilroy Corporate Communications Limited (Registered number: 01399882)

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
£    £   
Trade debtors 196,832 1,226,903
Amounts owed by group undertakings 100,000 -
Other debtors 87,431 72,024
384,263 1,298,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 166,072 471,163
Amounts owed to group undertakings - 75,000
Taxation and social security 428,513 425,443
Other creditors 669,056 1,294,159
1,263,641 2,265,765

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year 17,000 32,764

8. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 7,309 9,770

Deferred
tax
£   
Balance at 1 February 2024 9,770
Accelerated capital allowances (2,461 )
Balance at 31 January 2025 7,309

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
2,958 Ordinary A £1 2,958 2,958
100 Ordinary B £1 100 100
3,058 3,058