BrightAccountsProduction v1.0.0 v1.0.0 2023-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is a dispensing chemist. 4 June 2025 NI605125 2024-11-30 NI605125 2023-11-30 NI605125 2022-11-30 NI605125 2023-12-01 2024-11-30 NI605125 2022-12-01 2023-11-30 NI605125 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI605125 uk-curr:PoundSterling 2023-12-01 2024-11-30 NI605125 uk-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI605125 uk-bus:FullAccounts 2023-12-01 2024-11-30 NI605125 uk-bus:Director1 2023-12-01 2024-11-30 NI605125 uk-bus:Director2 2023-12-01 2024-11-30 NI605125 uk-bus:RegisteredOffice 2023-12-01 2024-11-30 NI605125 uk-bus:Agent1 2023-12-01 2024-11-30 NI605125 uk-core:ShareCapital 2024-11-30 NI605125 uk-core:ShareCapital 2023-11-30 NI605125 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI605125 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI605125 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-11-30 NI605125 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI605125 uk-bus:FRS102 2023-12-01 2024-11-30 NI605125 uk-core:Goodwill 2023-12-01 2024-11-30 NI605125 uk-core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 NI605125 uk-core:Goodwill 2023-11-30 NI605125 uk-core:Goodwill 2024-11-30 NI605125 uk-core:CurrentFinancialInstruments 2024-11-30 NI605125 uk-core:CurrentFinancialInstruments 2023-11-30 NI605125 uk-core:WithinOneYear 2024-11-30 NI605125 uk-core:WithinOneYear 2023-11-30 NI605125 uk-core:WithinOneYear 2024-11-30 NI605125 uk-core:WithinOneYear 2023-11-30 NI605125 uk-core:AfterOneYear 2024-11-30 NI605125 uk-core:AfterOneYear 2023-11-30 NI605125 uk-core:BetweenOneTwoYears 2024-11-30 NI605125 uk-core:BetweenOneTwoYears 2023-11-30 NI605125 uk-core:OtherMiscellaneousReserve 2023-11-30 NI605125 uk-core:OtherMiscellaneousReserve 2023-12-01 2024-11-30 NI605125 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-11-30 NI605125 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-11-30 NI605125 uk-core:OtherDeferredTax 2024-11-30 NI605125 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-11-30 NI605125 uk-core:OtherMiscellaneousReserve 2024-11-30 NI605125 2023-12-01 2024-11-30 NI605125 uk-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI605125
 
 
E L Gillan Ltd
 
Directors' Report and Unaudited Financial Statements
 
for the financial year ended 30 November 2024
E L Gillan Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Mr. Eamonn Gillan
Mrs. Nuala Gillan
 
 
Company Registration Number NI605125
 
 
Registered Office 16 Mount Charles
Belfast
BT7 1NZ
 
 
Business Address 8 Mill Street
Cushendall
Ballymena
Co.Antrim
BT44 0RR
 
 
Accountants Muldoon
Chartered Accountants
16 Mount Charles
Belfast
BT7 1NZ
 
 
Bankers Danske Bank
  5 Shore St
  Cushendall
  Co. Antrim



E L Gillan Ltd
DIRECTORS' REPORT
for the financial year ended 30 November 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 30 November 2024.
 
Principal Activity
The principal activity of the company is a dispensing chemist.
     
Directors
The directors who served during the financial year are as follows:
     
Mr. Eamonn Gillan
Mrs. Nuala Gillan
   
     
Statement of directors' Responsibilities and Declaration on Unaudited Financial Statements
     
General responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Directors' declaration on unaudited financial statements
In relation to the financial statements comprising the Statement of Financial Position and the related notes:
     
The directors approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The directors confirm that they have made available to Muldoon, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
     
___________________________
Mr. Eamonn Gillan
Director
     
4 June 2025



E L Gillan Ltd
Company Registration Number: NI605125
STATEMENT OF FINANCIAL POSITION
as at 30 November 2024

2024 2023
Notes £ £
 
Non-Current Assets
Intangible assets 4 - 95,000
Property, plant and equipment 5 3,375 4,500
───────── ─────────
Non-Current Assets 3,375 99,500
───────── ─────────
 
Current Assets
Stocks 6 88,475 87,275
Debtors 7 144,041 154,417
Cash and cash equivalents 638,082 807,657
───────── ─────────
870,598 1,049,349
───────── ─────────
Creditors: amounts falling due within one year 8 (300,732) (530,570)
───────── ─────────
Net Current Assets 569,866 518,779
───────── ─────────
Total Assets less Current Liabilities 573,241 618,279
 
Creditors:
amounts falling due after more than one year 9 - (11,492)
 
Provisions for liabilities 10 (740) (997)
───────── ─────────
Net Assets 572,501 605,790
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 572,401 605,690
───────── ─────────
Equity attributable to owners of the company 572,501 605,790
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement.
           
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 4 June 2025 and signed on its behalf by
           
           
           
________________________________          
Mr. Eamonn Gillan          
Director          
           



E L Gillan Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 November 2024

   
1. General Information
 
E L Gillan Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 16 Mount Charles, Belfast, BT7 1NZ. The nature of the company's operations and its principal activities are set out in the Directors' Report.  The principal place of business of the company is 8 Mill Street, Cushendall, Ballymena, BT44 0RR. The company number is NI605125. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Revenue is recognised upon customer receipt.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was:
 
  2024 2023
  Number Number
 
Director 2 2
Employees 12 12
  ───────── ─────────
  14 14
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 December 2023 950,000 950,000
  ───────── ─────────
 
At 30 November 2024 950,000 950,000
  ───────── ─────────
Amortisation
At 1 December 2023 855,000 855,000
Charge for financial year 95,000 95,000
  ───────── ─────────
At 30 November 2024 950,000 950,000
  ───────── ─────────
Net book value
At 30 November 2024 - -
  ═════════ ═════════
At 30 November 2023 95,000 95,000
  ═════════ ═════════
       
5. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 December 2023 22,593 22,593
  ───────── ─────────
 
At 30 November 2024 22,593 22,593
  ───────── ─────────
Depreciation
At 1 December 2023 18,093 18,093
Charge for the financial year 1,125 1,125
  ───────── ─────────
At 30 November 2024 19,218 19,218
  ───────── ─────────
Net book value
At 30 November 2024 3,375 3,375
  ═════════ ═════════
At 30 November 2023 4,500 4,500
  ═════════ ═════════
       
6. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 88,475 87,275
  ═════════ ═════════
       
7. Debtors 2024 2023
  £ £
 
Trade debtors 117,681 124,855
Taxation 23,777 26,200
Prepayments and accrued income 2,583 3,362
  ───────── ─────────
  144,041 154,417
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 11,279 11,491
Trade creditors 142,609 167,168
Amounts owed to group undertakings - 9,541
Taxation 47,141 43,586
Directors' current accounts 95,476 294,754
Accruals:
Pension accrual 1,184 1,132
Other accruals 3,043 2,898
  ───────── ─────────
  300,732 530,570
  ═════════ ═════════
       
9. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan - 11,492
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 11,279 11,491
Repayable between one and two years - 11,492
  ───────── ─────────
  11,279 22,983
  ═════════ ═════════
 
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 997 997 973
Charged to profit and loss (257) (257) 24
  ───────── ───────── ─────────
At financial year end 740 740 997
  ═════════ ═════════ ═════════
   
11. Pension costs - defined contribution
 
The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund.  Pension costs amounted to £5,564 (2023 - £4,607).
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.