Gilder Environmental Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09783724 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Gilder Environmental Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W Gilder

M Evans

M J Rouse

REGISTERED OFFICE:

Teddington Hands

Evesham Road

Tewkesbury

Gloucestershire

GL20 8NE

REGISTERED NUMBER:

09783724 (England and Wales)

AUDITORS:

Richards Sandy Audit Services Limited

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

WR1 1RU

FIXED ASSETS

Tangible assets

4

1,172,378

976,922

CURRENT ASSETS

Stocks

54,780

63,569

Debtors

633,673

1,047,862

Cash at bank

752,261

591,156

1,440,714

1,702,587

CREDITORS

Amounts falling due within one year

2,443,551

2,326,542

NET CURRENT LIABILITIES

(1,002,837

)

(623,955

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

169,541

352,967

PROVISIONS FOR LIABILITIES

228,221

163,287

NET (LIABILITIES)/ASSETS

(58,680

)

189,680

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(58,780

)

189,580

(58,680

)

189,680

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

W Gilder - Director

1.	STATUTORY INFORMATION

Gilder Environmental Ltd 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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured as the fair value of the consideration received, excluding discounts, rebates, value added tax and other sales.

Turnover is recognised at point of delivery of service, this being the provision of waste management services.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses:

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis:

Plant and machinery

-

25% Reducing Balance

Motor vehicles

-

25% Reducing Balance

Computer equipment

-

33% Reducing Balance

Fixtures and fitting

-

15% Reducing Balance

Secondary depreciation policies are used for specialist assets included within Plant and machinery, these include 50% Reducing Balance, and 15% Reducing Balance.

Where a gain or loss arises on the disposal of an asset, it is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to the profit or loss.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS

Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

OPERATING LEASE COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS

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.

GOING CONCERN

During the year, the company significantly restructured some of its business activities and it is currently uncertain as to whether the company will succeed in trading profitably following these restructures.

At the year end the company had current liabilities in excess of current assets. However included within current liabilities is a material intercompany loan on which repayment is likely to be deferred until such time that the company is in a position to settle it.

The ultimate parent company William Gilder Group Limited have confirmed their support for a period of at least 12 months from the date of approval of the accounts.

The directors, after considering the financial position in relation to the above, have a reasonable expectation that the company has adequate and potential resources to continue in operation for the foreseeable future. For these reasons, the going concern basis has been adopted in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

1,497,153

Additions

415,536

Disposals

(12,288

)

Transfers to stock

(6,694

)

At 31st December 2024

1,893,707

DEPRECIATION

At 1st January 2024

520,231

Charge for year

213,164

Eliminated on disposal

(7,785

)

Transfers to stock

(4,281

)

At 31st December 2024

721,329

NET BOOK VALUE

At 31st December 2024

1,172,378

At 31st December 2023

976,922

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Iestyn Richards FCA CTA FCCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Audit Services Limited

6.	ULTIMATE PARENT COMPANY

The parent company of Gilder Environmental Limited is William Gilder Group Limited, registered in England and Wales.

The registered office address of William Gilder Group Limited is Teddington Hands, Evesham Road, Tewkesbury, Gloucestershire, GL20 8NE. Where a copy of the group accounts can be obtained.

7.	CROSS GUARANTEE

Barclays Bank Plc securities:

There are cross guarantees by the company's bankers between the company, its parent undertaking William Gilder Group Limited and its fellow subsidiaries, William Gilder Limited and Gilder Hire Limited, as security.

These are secured by way of fixed and floating charges over all assets and undertakings of the company.

Aldermore Bank Plc securities:

A guarantee has been provided by the company, its parent undertaking and its fellow subsidiaries to Aldermore Bank Plc, in respect of a hire purchase contract for the sum of £600,000 commencing on 4 January 2018.