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REGISTERED NUMBER: 00940716 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

L.H.Gill (Western) Limited

L.H.Gill (Western) Limited (Registered number: 00940716)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


L.H.Gill (Western) Limited

COMPANY INFORMATION
for the year ended 30 September 2024







Director: D Gill





Secretary: D Bland





Registered office: Units 2 & 3
Montpelier Road
Peverell
Plymouth
Devon
PL2 3LP





Registered number: 00940716 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

L.H.Gill (Western) Limited (Registered number: 00940716)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 167,636 167,816

Current assets
Stocks 116,966 136,909
Debtors 5 59,435 71,793
Cash at bank and in hand 143,920 173,212
320,321 381,914
Creditors
Amounts falling due within one year 6 133,305 115,404
Net current assets 187,016 266,510
Total assets less current liabilities 354,652 434,326

Provisions for liabilities 7 - 12,200
Net assets 354,652 422,126

Capital and reserves
Called up share capital 8 100 100
Retained earnings 354,552 422,026
Shareholders' funds 354,652 422,126

L.H.Gill (Western) Limited (Registered number: 00940716)

BALANCE SHEET - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





D Gill - Director


L.H.Gill (Western) Limited (Registered number: 00940716)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

L.H. Gill (Western) 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised upon delivery of goods to the buyer and turnover from the rendering of services is recognised at completion of the contract.

Tangible fixed assets
Depreciation is calculated to write down the cost of tangible fixed assets over their expected useful economic lives using the following rates:

Leasehold upgrades- 100% in year of purchase
Plant and machinery- 10%-25% on reducing balance
Motor vehicles- 25% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


L.H.Gill (Western) Limited (Registered number: 00940716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

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.

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.

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

L.H.Gill (Western) Limited (Registered number: 00940716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor
upgrades machinery vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 80,286 517,028 49,420 646,734
Additions 12,144 9,750 - 21,894
At 30 September 2024 92,430 526,778 49,420 668,628
Depreciation
At 1 October 2023 80,286 363,478 35,154 478,918
Charge for year 12,144 8,815 1,115 22,074
At 30 September 2024 92,430 372,293 36,269 500,992
Net book value
At 30 September 2024 - 154,485 13,151 167,636
At 30 September 2023 - 153,550 14,266 167,816

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,572 50,819
Other debtors 17,863 20,974
59,435 71,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 84,585 67,747
Taxation and social security 22,070 22,599
Other creditors 26,650 25,058
133,305 115,404

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 12,200

L.H.Gill (Western) Limited (Registered number: 00940716)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 12,200
Provided during year (12,200 )
Balance at 30 September 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the following amounts:-

NameRelationshipAmount

D Gilldirector and shareholder£22,360

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Gill.