REGISTERED NUMBER: 05746214 (England and Wales)

Mrs J & J G Gill & Son Ltd

T/A

J & J G Gill & Son

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Gill

J D Gill

SECRETARY:

Mrs J Gill

REGISTERED OFFICE:

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

REGISTERED NUMBER:

05746214 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,348,379

1,330,506

1,348,379

1,330,506

CURRENT ASSETS

Debtors

6

859,780

897,681

Cash at bank

482,759

287,679

1,342,539

1,185,360

CREDITORS

Amounts falling due within one year

7

1,084,804

863,216

NET CURRENT ASSETS

257,735

322,144

TOTAL ASSETS LESS CURRENT LIABILITIES

1,606,114

1,652,650

CREDITORS

Amounts falling due after more than one year

8

(228,361

)

(388,800

)

PROVISIONS FOR LIABILITIES

10

(337,095

)

(317,684

)

NET ASSETS

1,040,658

946,166

CAPITAL AND RESERVES

Called up share capital

2,052

2,052

Retained earnings

1,038,606

944,114

SHAREHOLDERS' FUNDS

1,040,658

946,166

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:

R W Gill - Director

1.	STATUTORY INFORMATION

Mrs J & J G Gill & Son 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

110,000

AMORTISATION

At 1 April 2024

and 31 March 2025

110,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

670,983

-

1,973,136

5,273

2,649,392

Additions

188,795

876

202,450

649

392,770

Disposals

(77,500

)

-

(110,100

)

-

(187,600

)

At 31 March 2025

782,278

876

2,065,486

5,922

2,854,562

DEPRECIATION

At 1 April 2024

281,702

-

1,034,681

2,503

1,318,886

Charge for year

80,870

131

221,613

513

303,127

Eliminated on disposal

(38,566

)

-

(77,264

)

-

(115,830

)

At 31 March 2025

324,006

131

1,179,030

3,016

1,506,183

NET BOOK VALUE

At 31 March 2025

458,272

745

886,456

2,906

1,348,379

At 31 March 2024

389,281

-

938,455

2,770

1,330,506

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

212,000

760,618

972,618

Additions

-

132,750

132,750

Transfer to ownership

(36,000

)

(62,153

)

(98,153

)

At 31 March 2025

176,000

831,215

1,007,215

DEPRECIATION

At 1 April 2024

44,933

232,618

277,551

Charge for year

21,159

125,786

146,945

Transfer to ownership

(9,990

)

(30,331

)

(40,321

)

At 31 March 2025

56,102

328,073

384,175

NET BOOK VALUE

At 31 March 2025

119,898

503,142

623,040

At 31 March 2024

167,067

528,000

695,067

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

798,790

849,155

Directors' current accounts

34,764

25,644

Tax

-

21,882

Prepayments

26,226

1,000

859,780

897,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

19,327

18,246

Hire purchase contracts

210,504

194,625

Trade creditors

754,373

567,914

Corporation tax

29,657

-

Social security and other taxes

15,781

15,521

VAT

31,607

59,902

Deferred income

9,180

-

Accrued expenses

14,375

7,008

1,084,804

863,216

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

8,767

29,176

Hire purchase contracts

219,594

359,624

228,361

388,800

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

28,094

47,422

Hire purchase contracts

430,098

554,249

458,192

601,671

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

337,095

317,684

Deferred

tax

£

Balance at 1 April 2024

317,684

Charge to Income Statement during year

19,411

Balance at 31 March 2025

337,095

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES