Company Registration No. 13534657 (England and Wales)
SP Gilligan Ltd
Filleted Accounts
for the year ended 31 July 2024
SP Gilligan Ltd
Filleted Accounts
Contents
SP Gilligan Ltd
Company Information
for the year ended 31 July 2024
Company Number
13534657 (England and Wales)
Registered Office
Flat 2 Gillman Lodge
3 Henderson Grove
Biggin Hill, Westerham
Kent
TN16 3GG
Accountants
SSJ Accountants Ltd
173A High Street
Beckenham
Kent
BR3 1AH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SP Gilligan Ltd for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SP Gilligan Ltd for the year ended
31 July 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SP Gilligan Ltd, as a body, in accordance with the terms of our engagement letter dated 28 July 2021. Our work has been undertaken solely to prepare for your approval the accounts of SP Gilligan Ltd and state those matters that we have agreed to state to the Board of Directors of SP Gilligan Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SP Gilligan Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SP Gilligan Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SP Gilligan Ltd. You consider that SP Gilligan Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SP Gilligan Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd
Chartered Accountants
173A High Street
Beckenham
Kent
BR3 1AH
2 September 2024
SP Gilligan Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
9,512
11,249
Cash at bank and in hand
1,617
3,215
Creditors: amounts falling due within one year
(6,498)
(10,507)
Net current assets
20,119
1,553
Called up share capital
10
10
Profit and loss account
29,621
12,792
Shareholders' funds
29,631
12,802
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2024 and were signed on its behalf by
S Gilligan
Director
Company Registration No. 13534657
SP Gilligan Ltd
Notes to the Accounts
for the year ended 31 July 2024
SP Gilligan Ltd is a private company, limited by shares, registered in England and Wales, registration number 13534657. The registered office is Flat 2 Gillman Lodge , 3 Henderson Grove, Biggin Hill, Westerham, Kent, TN16 3GG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
12,650
922
13,572
At 31 July 2024
12,650
922
13,572
At 1 August 2023
1,897
426
2,323
Charge for the year
1,613
124
1,737
At 31 July 2024
3,510
550
4,060
At 31 July 2024
9,140
372
9,512
At 31 July 2023
10,753
496
11,249
Amounts falling due within one year
Amounts falling due after more than one year
SP Gilligan Ltd
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,498
9,580
Loans from directors
-
927
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).