Gillies Group Ltd

Registered number: SC492860

	2024	2023
	£	£
Fixed assets	92,432	62,205

Current assets	51,014	45,104
Prepayments and accrued income	628	1,051
Creditors: Amounts Falling Due Within One Year	(242,225 )	(270,575 )

NET CURRENT LIABILITIES	(190,583 )	(224,420 )

TOTAL ASSETS LESS CURRENT LIABILITIES	(98,151 )	(162,215 )

Creditors: Amounts Falling Due After More Than One Year	(41,654 )	(37,449 )
Accruals and deferred income	(2,145 )	-

NET LIABILITIES	(141,950 )	(199,664 )

CAPITAL AND RESERVES	(141,950 )	(199,664 )

Notes

1. General Information

Gillies Group Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC492860 . The registered office is Cnoc A Chiobair Aird, Ardvasar, Isle Of Skye, IV45 8RN.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 4)

3. Going Concern

At the balance sheet date, the company had net current liabilites of £190,583.

£60,000 of this is due back as director's loan to Directors M Graham and C Gillies, who do not intend to withdraw their support.

In prior years the company focused on construction and commercial works, with trading impacted by COVID-19, increases in material prices, and projects running over allocated timeframes, contributing to losses in previous periods.

During 2024 the company shifted its focus to domestic service work and implemented improved pricing structures and tighter management of trade creditors. These changes have led to a significant improvement in cash flow and a modest profit for the year.

The directors have reviewed the company’s budgets, cash flow forecasts, and anticipated future trading conditions. While ongoing risks remain, including potential fluctuations in material costs, labour availability, and reliance on continued demand for domestic services, the directors are confident that the company will have sufficient resources to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements.

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Gillies Group Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Christopher Gillies

Director

26/09/2025