REGISTERED NUMBER: 02703179 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GILLING DOD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A D Arnold

T J Gilbert-Rule

R A Graham

A J Goodwin

REGISTERED OFFICE:

The Cruck Barn

Duxbury Park

Chorley

Lancashire

PR7 4AT

REGISTERED NUMBER:

02703179 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Accountants

& Business Advisors

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Tangible assets

5

568,103

559,754

CURRENT ASSETS

Stocks

164,412

399,578

Debtors

6

1,562,162

2,144,418

Cash at bank and in hand

2,493,877

2,876,826

4,220,451

5,420,822

CREDITORS

Amounts falling due within one year

7

1,308,002

1,959,176

NET CURRENT ASSETS

2,912,449

3,461,646

TOTAL ASSETS LESS CURRENT LIABILITIES

3,480,552

4,021,400

CREDITORS

Amounts falling due after more than one year

8

(932

)

(6,570

)

PROVISIONS FOR LIABILITIES

-

(46,307

)

NET ASSETS

3,479,620

3,968,523

CAPITAL AND RESERVES

Called up share capital

3,750

3,750

Revaluation reserve

85,575

85,575

Capital redemption reserve

8,750

8,750

Retained earnings

3,381,545

3,870,448

3,479,620

3,968,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:

A J Goodwin - Director

A D Arnold - Director

T J Gilbert-Rule - Director

R A Graham - Director

1.	STATUTORY INFORMATION

Gilling Dod 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation and residual values:

Land is not depreciated. Depreciation on other assets is provided at the following annual rates in order to write off each asset to its respective residual value over its useful economic life, as follows:

Long leasehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

The assets' residual values and useful economic lives are reviewed, and adjusted if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Revaluation of fixed assets

Land and buildings included within long leasehold property are carried at their revalued amounts, being fair value at the date of valuation (no subsequent depreciation and/or impairment losses to date).

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss.

The use of a policy of revaluation provides more relevant and reliable information about the value of the property owned by the company. The effects of the revaluation of land and buildings on the financial statements are illustrated in note 6.

Stocks and work in progress

Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the income statement in the period in which they are incurred.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2023 - 77 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

425,449

918,004

1,343,453

Additions

40,410

26,451

66,861

At 31 December 2024

465,859

944,455

1,410,314

DEPRECIATION

At 1 January 2024

56,598

727,101

783,699

Charge for year

6,289

52,223

58,512

At 31 December 2024

62,887

779,324

842,211

NET BOOK VALUE

At 31 December 2024

402,972

165,131

568,103

At 31 December 2023

368,851

190,903

559,754

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

85,575

-

85,575

Cost

380,284

944,455

1,324,739

465,859

944,455

1,410,314

If leasehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

339,874

339,874

Aggregate depreciation

50,309

50,309

Leasehold land and buildings were valued on an open market basis on 10 June 2022 by Robert Pinkus & Co LLP .

6.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

1,170,145

1,956,626

Other debtors

384,906

180,681

1,555,051

2,137,307

Amounts falling due after more than one year:

Other debtors

7,111

7,111

Aggregate amounts

1,562,162

2,144,418

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

4,586

25,891

Trade creditors

330,782

609,246

Taxation and social security

292,226

694,333

Other creditors

680,408

629,706

1,308,002

1,959,176

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

932

6,570

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gilling Dod Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gilling Dod Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gilling Dod Limited and state those matters that we have agreed to state to the Board of Directors of Gilling Dod Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gilling Dod Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gilling Dod Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gilling Dod Limited. You consider that Gilling Dod Limited 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 financial statements of Gilling Dod Limited. 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 financial statements.

Studholme-Bell Limited

Chartered Accountants

& Business Advisors

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

18 July 2025