REGISTERED NUMBER: 11267227 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GIGGS & MCGRATH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M K Giggs

D P McGrath

SECRETARY:

REGISTERED OFFICE:

150-152 Great North Road

Eaton Socon

St Neots

Cambridgeshire

PE19 8GS

REGISTERED NUMBER:

11267227 (England and Wales)

ACCOUNTANTS:

Bayler Wood Associates Ltd

Chartered Certified Accountants

2 Church Lane

Walgrave

Northamptonshire

NN6 9QH

FIXED ASSETS

Tangible assets

4

7,738

10,964

Investments

5

126

120

7,864

11,084

CURRENT ASSETS

Debtors

6

67,712

149,833

Cash at bank

175,365

97,229

243,077

247,062

CREDITORS

Amounts falling due within one year

7

107,144

68,296

NET CURRENT ASSETS

135,933

178,766

TOTAL ASSETS LESS CURRENT LIABILITIES

143,797

189,850

PROVISIONS FOR LIABILITIES

1,935

2,741

NET ASSETS

141,862

187,109

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

141,662

186,909

SHAREHOLDERS' FUNDS

141,862

187,109

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 November 2025 and were signed on its behalf by:

M K Giggs - Director

D P McGrath - Director

1.	STATUTORY INFORMATION

Giggs & McGrath 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.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

31,023

Additions

3,706

At 31 March 2025

34,729

DEPRECIATION

At 1 April 2024

20,059

Charge for year

6,932

At 31 March 2025

26,991

NET BOOK VALUE

At 31 March 2025

7,738

At 31 March 2024

10,964

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

120

Additions

6

At 31 March 2025

126

NET BOOK VALUE

At 31 March 2025

126

At 31 March 2024

120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

29,760

57,209

Other debtors

12,644

76,956

Prepayments

25,308

15,668

67,712

149,833

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

29,985

33,684

Social security and other taxes

39,243

18,594

VAT

36,045

9,660

Other creditors

-

3,811

Sundry creditors and accruals

1,871

2,547

107,144

68,296

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

60

A Ordinary

£1

60

60

40

B Ordinary

£1

40

40

200

200