REGISTERED NUMBER: 06996710 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

Gilliland Painting and Decorating

Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

V N Gilliland

M G Gilliland

REGISTERED OFFICE:

9 Halesbury Court

Ombersley Road

Halesowen

West Midlands

B63 4PE

REGISTERED NUMBER:

06996710 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,504

1,280

7,504

1,280

CURRENT ASSETS

Stocks

400

475

Debtors

6

3,244

7,061

Cash at bank

25,126

35,357

28,770

42,893

CREDITORS

Amounts falling due within one year

7

33,096

30,230

NET CURRENT (LIABILITIES)/ASSETS

(4,326

)

12,663

TOTAL ASSETS LESS CURRENT LIABILITIES

3,178

13,943

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

9

2,978

13,743

SHAREHOLDERS' FUNDS

3,178

13,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 2 December 2025 and were signed on its behalf by:

M G Gilliland - Director

1.	STATUTORY INFORMATION

Gilliland Painting and Decorating Services 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.	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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Stocks

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

Taxation

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

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2024

and 5 April 2025

30,920

AMORTISATION

At 6 April 2024

and 5 April 2025

30,920

NET BOOK VALUE

At 5 April 2025

-

At 5 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 6 April 2024

4,524

15,395

745

20,664

Additions

-

8,695

-

8,695

Disposals

-

(7,000

)

-

(7,000

)

At 5 April 2025

4,524

17,090

745

22,359

DEPRECIATION

At 6 April 2024

4,114

14,533

737

19,384

Charge for year

61

2,384

4

2,449

Eliminated on disposal

-

(6,978

)

-

(6,978

)

At 5 April 2025

4,175

9,939

741

14,855

NET BOOK VALUE

At 5 April 2025

349

7,151

4

7,504

At 5 April 2024

410

862

8

1,280

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Other debtors

3,244

6,584

VAT

-

477

3,244

7,061

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

VAT

2,168

-

Directors' current accounts

29,761

29,330

Accrued expenses

1,167

900

33,096

30,230

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.25

5.4.24

value:

£

£

200

Ordinary

£1

200

200

9.

RESERVES

Retained

earnings

£

At 6 April 2024

13,743

Deficit for the year

(10,765

)

At 5 April 2025

2,978

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the two directors who each hold 50% of the issued share capital.