1 February 2024 false No description of principal activity Taxfiler 2024.6 07526603business:PrivateLimitedCompanyLtd2024-02-012025-01-31 075266032024-01-31 075266032024-02-012025-01-31 07526603business:AuditExemptWithAccountantsReport2024-02-012025-01-31 07526603business:AbridgedAccounts2024-02-012025-01-31 075266032025-01-31 075266032024-01-31 07526603core:WithinOneYear2025-01-31 07526603core:WithinOneYear2024-01-31 07526603core:ShareCapitalcore:PreviouslyStatedAmount2025-01-31 07526603core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 07526603core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-01-31 07526603core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 07526603core:PreviouslyStatedAmount2025-01-31 07526603core:PreviouslyStatedAmount2024-01-31 07526603business:SmallEntities2024-02-012025-01-31 07526603business:Director12024-02-012025-01-31 07526603countries:EnglandWales2024-02-012025-01-31 07526603business:RegisteredOffice2024-02-012025-01-31 07526603core:LandBuildings2024-02-012025-01-31 07526603core:FurnitureFittings2024-02-012025-01-31 075266032023-02-012024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 07526603 (England and Wales)
Tim Gilmore Limited Unaudited accounts for the year ended 31 January 2025
Tim Gilmore Limited Unaudited accounts Contents
Page
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Tim Gilmore Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Current assets
Inventories
8,000 
14,628 
Debtors
30,497 
18,787 
Cash at bank and in hand
970 
2,341 
39,467 
35,756 
Creditors: amounts falling due within one year
(39,136)
(35,753)
Net current assets
331 
3 
Net assets
331 
3 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
329 
1 
Shareholders' funds
331 
3 
For the year ending 31 January 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by
T J Gilmore Director Company Registration No. 07526603
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Tim Gilmore Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Tim Gilmore Limited is a private company, limited by shares, registered in England and Wales, registration number 07526603. The registered office is 8 Ashgrove Road, Redland, Bristol, BS6 6LY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
10% straight line
Fixtures & fittings
10% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Income recognition
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
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Tim Gilmore Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2024
16,700 
Disposals
(16,700)
At 31 January 2025
- 
Depreciation
At 1 February 2024
16,700 
On disposals
(16,700)
At 31 January 2025
- 
Net book value
At 31 January 2025
- 
5
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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