Company Registration No. 15636290 (England and Wales)
Gillwood Group Ltd
Unaudited accounts
for the period from 1 September 2024 to 31 March 2025
Gillwood Group Ltd
Unaudited accounts
Contents
Gillwood Group Ltd
Company Information
for the period from 1 September 2024 to 31 March 2025
Directors
Aimee E Wood
Aimee Elizabeth Wood
Company Number
15636290 (England and Wales)
Registered Office
17 Castle Oval
Kendal
Cumbria
LA9 7BD
England
Accountants
PE Accountancy Services
15 Fowling Lane
KENDAL
Cumbira
LA9 6HB
Gillwood Group Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
37,477
Creditors: amounts falling due within one year
(46,898)
Total assets less current liabilities
47,362
Creditors: amounts falling due after more than one year
(43,750)
Provisions for liabilities
Profit and loss account
672
For the period ending 31 March 2025 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2025 and were signed on its behalf by
Aimee E Wood
Director
Company Registration No. 15636290
Gillwood Group Ltd
Notes to the Accounts
for the period from 1 September 2024 to 31 March 2025
Gillwood Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 15636290. The registered office is 17 Castle Oval, Kendal, Cumbria, LA9 7BD, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
6 years straight line basis
Plant & machinery
15% reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Gillwood Group Ltd
Notes to the Accounts
for the period from 1 September 2024 to 31 March 2025
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
Additions
34,115
5,621
39,736
At 31 March 2025
34,115
5,621
39,736
Charge for the period
5,686
843
6,529
At 31 March 2025
5,686
843
6,529
At 31 March 2025
28,429
4,778
33,207
Amounts falling due within one year
Accrued income and prepayments
20,922
6
Creditors: amounts falling due within one year
2025
Taxes and social security
3,519
Loans from directors
17,072
7
Creditors: amounts falling due after more than one year
2025
8
Operating lease commitments
2025
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
34,200
Later than one year and not later than five years
136,800
Gillwood Group Ltd
Notes to the Accounts
for the period from 1 September 2024 to 31 March 2025
9
Transactions with related parties
During the year, the company received loans totalling £47,415 from close family members of the Director.
The loans are interest-free, unsecured, and have no fixed repayment date.
The balance of these loans included in creditors falling due after more than one year at the year end totals £43,750.
The transaction was not made on normal market terms.
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Average number of employees
During the period the average number of employees was 10.