REGISTERED NUMBER: 04458439 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gileskips Manufacturers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Giles

Mrs J Biffacelli

SECRETARY:

Mrs J Biffacelli

REGISTERED OFFICE:

Phoenix Works

Richards Street

Darlaston

West Midlands

WS10 8BZ

REGISTERED NUMBER:

04458439 (England and Wales)

ACCOUNTANTS:

Clover Chartered Certified Accountants

6 Trinity Place

Midland Drive

Sutton Coldfield

West Midlands

B72 1TX

FIXED ASSETS

Tangible assets

4

39,337

69,923

CURRENT ASSETS

Stocks

418,705

469,069

Debtors

5

97,309

146,345

Cash at bank and in hand

275,560

146,688

791,574

762,102

CREDITORS

Amounts falling due within one year

6

(672,403

)

(687,990

)

NET CURRENT ASSETS

119,171

74,112

TOTAL ASSETS LESS CURRENT LIABILITIES

158,508

144,035

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

158,408

143,935

SHAREHOLDERS' FUNDS

158,508

144,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 December 2025 and were signed on its behalf by:

D Giles - Director

Mrs J Biffacelli - Director

1.	STATUTORY INFORMATION

Gileskips Manufacturers 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

50% on cost and 15% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 39 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

309,963

DEPRECIATION

At 1 April 2024

240,040

Charge for year

30,586

At 31 March 2025

270,626

NET BOOK VALUE

At 31 March 2025

39,337

At 31 March 2024

69,923

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

50,995

DEPRECIATION

At 1 April 2024

12,749

Charge for year

12,748

At 31 March 2025

25,497

NET BOOK VALUE

At 31 March 2025

25,498

At 31 March 2024

38,246

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

88,379

137,415

Other debtors

8,930

8,930

97,309

146,345

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,667

26,667

Hire purchase contracts

38,867

49,560

Trade creditors

440,830

518,336

Taxation and social security

158,598

83,819

Other creditors

17,441

9,608

672,403

687,990