ACCOUNTS - Final Accounts preparation

Company registration number: 12553882

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	GILLITAS GARAGE COMPANY LIMITED


GILLITAS GARAGE COMPANY LIMITED

COMPANY INFORMATION

Directors	H P Hickman
	P Hickman
	T Hickman


Registered number	12553882


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	England
	GU21 6LQ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


GILLITAS GARAGE COMPANY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 4


GILLITAS GARAGE COMPANY LIMITED REGISTERED NUMBER:12553882

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		30,713		30,713
Debtors: amounts falling due within one year	4	1		3,476
Cash at bank and in hand		80,864		66,184
		111,578		100,373
Creditors: amounts falling due within one year	5	(43,217)		(47,696)
Net current assets			68,361		52,677
Total assets less current liabilities			68,361		52,677

Net assets			68,361		52,677

Capital and reserves
Called up share capital	1	1
Profit and loss account	68,360	52,676
	68,361	52,677

Page 1


GILLITAS GARAGE COMPANY LIMITED REGISTERED NUMBER:12553882

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2025.

................................................

T Hickman

Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2


GILLITAS GARAGE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Gillitas Garage Company Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the registered office is disclosed on the company information page. The company's principal place of business is Unit 14, Princeton Mews, 167 London Road, Kingston upon Thames, Surrey, KT2 6PT.
The Company's functional and presentational currency is GBP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 3


GILLITAS GARAGE COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	3,475
Other debtors	1	1
	1	3,476

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	5,000	5,000
Corporation tax	4,804	5,808
Other creditors	30,713	30,713
Accruals and deferred income	2,700	6,175
	43,217	47,696

Page 4